Celebrate No Spend November

Challenge 1: Decide to Dine at Home this Month

According to Forbes, "at over $20 per serving on average, a restaurant delivered meal is five times as expensive as cooking at home from scratch." Eating a more satisfying meal at home will have your stomach and wallet thanking you. You could also try packing car snacks that will fill you up and prevent you from going through a drive through or make the decision to pack your lunch for the week instead of going out to eat.

Challenge 2: Start Planning Early for the Holidays

Try creating a spending plan so that you know how much you can afford this holiday season. Think about how you can break that number down for each person you're planning to buying for. It may be helpful to set money aside in a savings account or put $10-$20 per paycheck in an envelope dedicated to holiday purchases.

Challenge 3: Rely on Cash for Your Holiday Spend

If you're someone who usually makes holiday purchases with credit cards, challenge yourself to rely on cash for your holiday spend. If your credit cards are out of sight they will be out of mind. Try hiding credit cards in an untouchable space like the freezer, in a locked safe, in the attic-somewhere that deters you from easily using credit.

Start you your budget! Rely on cash for this holiday.

Challenge 4: Declutter

November is a fantastic time to declutter and sell those items you may no longer use. Check out Amazon/Facebook Marketplace, Poshmark, Let Go, or a local consignment store. That way, you can get some holiday cash and make someone else's holiday merrier.

You can also create your own No Spend November challenges around budgeting, saving and debt consolidation. Happy No Spending!

Content courtesy of our partners at GreenPath Financial Wellness