Ready for a challenge that will teach you more about yourself, give you an unshakeable sense of contentment and gratitude, and help you feel more in control over your finances? Then have a “No Spend Month.”

For one month, don’t spend any money on certain things. You’ll still pay for bills, but you’ll drastically cut other expenses, and completely ban other purchases – like going out for drinks with friends. You basically live on a skeleton budget.

By having a no-spend month, you could break the cycle of overspending that causes you to live paycheck to paycheck. You could also cut addictions such as shopping, smoking, or drinking. Also, you gain a whole new appreciation for the things you already have. Here are plenty of tips to get you started with your no-spend month.

Plan Your Next No Spend Month With These Tips

Prepare The Necessities

Before you begin, stock up on essentials like food, water, and gas. But to increase the challenge, set a budget. That forces you to really think about what “essentials” are, and review what you already have. For example, what do you have in your pantry right now? What dishes can you already make from them? Make a meal plan and buy only the missing ingredients.

Tell Your Friends You Are Doing This Challenge

Post the challenge on Facebook or other social media. Not only does it make you commit to the challenge, but you get your friends to support and encourage you. They may even decide to do a No Spend Month with you.

Discover Free Rewards and Activities

Many of us associate spending money with treating ourselves and feeling happy. Now is the time you can discover that the best things in life are indeed free. Write down some things you can do even without cash. Reread a favorite book, make a face mask with leftover coffee grounds, take a walk, do your own nails at home. Challenge yourself to write 31 free activities and rewards, one for each day of the month.

Keep A Journal

Be aware of your emotions as you go through your No Spend Month. You will go through frustration, envy, fear, boredom, etc. Ask yourself what’s triggering these feelings, and what that thing you can’t buy represents for you. Use this time to know your spending motivations, and break free from them.

Get Creative

Sometimes you’ll run into a little emergency and realize that you’ve run out of something essential. Instead of running to the supermarket, challenge yourself to make use of what’s there. Ran out of facial wash? Research DIY skincare routines. No more gas in the car? Calculate the cheapest way to get to your destination with public transportation. It can help you realize how resilient and innovative you can be!

Use What You Already Have

One of the benefits of a No Spend month is that you’re forced to focus on what you already own. Raid your pantry and think of how to use all the ingredients. Go through your closet and think of 31 different outfits you can make from the clothes. We’re willing to bet good money that you’ll find a dress or shirt and say, “I forgot I had this!” It’s like shopping in your own closet.

A Safety Net when you really don’t have money to spend

A No-Spend month is a very rewarding financial and emotional exercise, and you’ll come out of it with a better relationship with money and with yourself. But it’s a completely different story when you’re really down on your luck and don’t have enough cash for a financial emergency. That’s when Alabama Title Loans, Inc. can help.

 

 

What Is A Title Pawn?

A title pawn lets you borrow money using your vehicle’s title as collateral. It can be your car, truck, motorcycle — anything that has wheels, is in good condition, has a clear and lien-free title, and is under your name.

Benefits Of Auto Title Pawns

There are many benefits you have to know before you get a title pawn. Those are:

• You don’t need a good credit history: Anyone can get one, even those who don’t qualify for traditional bank loans;
• The application is convenient: You can begin the application right online on our website;
• You get money quickly: Title pawns have a very fast processing time. Once we can approve you and you sign the paperwork, you get the cash right there, which is great for emergencies where time is of the essence;
• You can still use your vehicle: As long as you make payments on time, you can continue to use your car. It won’t disrupt your daily routine.

How To Apply For A Title Pawn

Applying for a title pawn is simple. Just look for ‘title pawns near me open now’ and you’ll see every location we have available in Alabama.

The process begins when you go fill out our online form today! This form gives us your basic information and lets us understand what you are looking for – because we also offer payday loans. As soon as we receive the form, you will get a phone call from an Alabama Title Loans, Inc. associate to go over the process. We will also tell you the required items you have to bring in with you and answer any questions.

For a title pawn, you must have with you your ID or driver’s license, your vehicle’s lien-free title in your name, and your vehicle. We will do a quick vehicle inspection to find out your vehicle’s value and condition. Both these factors help us determine how much you qualify for. Coming to see how much you would qualify for is absolutely free – so you can find out whenever you want.

Once you are here, the pawn associate will sit down with you and go over the pawn agreement. If everything checks out and we can approve you, you can sign the agreement and leave with the cash you qualify for.

A No Spend Month can help you realize you don’t need a lot of money to be happy. And with these tips backing you up, you can start your month with a No Spend Challenge.

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.