ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
Β© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Woman's No-Spend Challenge to Increase Savings Inspires Netizens Across the Globe

She recently undertook an unconventional 'no-spend' challenge, aiming not only to bolster her savings but also to champion sustainability.
PUBLISHED MAR 16, 2024
Cover Image Source: Woman takes up no-spend challenge | TikTok | Matilda Relefors | @brunchingblondie
Cover Image Source: Woman takes up no-spend challenge | TikTok | Matilda Relefors | @brunchingblondie

With rising costs of living, young people are struggling to save anything at all, and convenient options such as e-commerce that encourage splurging, aren't helping at all. In a viral trend sweeping social media, TikTok influencer Matilda Relefors, known as @brunchingblondie, recently undertook an unconventional no-spend challenge, aiming not only to bolster her savings but also to champion sustainability. For over a month, Matilda refrained from spending any money, successfully pocketing approximately $1,927.75. The challenge, while financially rewarding, also prompted Matilda to embrace slow living, a lifestyle centered around mindful consumption and reduced waste.

TikTok | Matilda Relefors | @brunchingblondie
TikTok | Matilda Relefors | @brunchingblondie

Matilda kicked off her thrifty journey with an extensive grocery shopping trip in preparation for the no-spend month. However, once that initial shopping was done, she committed to avoiding the store altogether. The heart of the challenge lay in meticulous meal planning and the strategic use of her freezer.

TikTok | Matilda Relefors | @brunchingblondie
TikTok | Matilda Relefors | @brunchingblondie

The challenge forced Matilda to optimize her consumption, ensuring she made the most of the food purchased with little to no waste. Her freezer became a crucial ally, holding a significant portion of her groceries. The challenge, as Matilda described it, became a journey into sustainability and slow living, concepts she has been passionate about recently. While Matilda didn't disclose the exact amount she saved, her followers reported savings of approximately 900 British pounds, translating to about $1,150 in the United States.

TikTok | Matilda Relefors | @brunchingblondie
TikTok | Matilda Relefors | @brunchingblondie

The struggle to save money is a pervasive issue for millions of Americans, whether they are striving to build an emergency fund, save for retirement, or fund a dream vacation. Traditional savings methods often fall short due to unhealthy spending habits, prompting the rise of innovative challenges like the no-spend challenge. By gamifying the process, these challenges effectively ease individuals into a savings-focused lifestyle. Rounding expenses up to save money is one effective tool that leverages small adjustments for significant financial gains.

TikTok | Matilda Relefors | @brunchingblondie
TikTok | Matilda Relefors | @brunchingblondie

Beyond TikTok challenges, various cultures have their unique methods of encouraging thriftiness. For instance, a Japanese American influencer introduced the kakeibo trick, a budgeting habit involving careful tracking and four key questions about spending habits. These diverse approaches highlight the universal struggle to balance financial responsibilities while fostering healthy financial habits.


@brunchingblondie No Spend Challenge - final day πŸ’Έβœ¨πŸ’°πŸ’… total today Β£0! I’ll post a full review tomorrow and reveal how much I’ve managed to save this month!! I'm beyond grateful for each and every one of you 🀍 #nospendmonth #nospendchallenge #nofoodwaste #lowwastelifestyle #savingmoney #sustainableliving ♬ Serenade (Stars Never Cry) - Schubert - 101 Strings

 

One user commended her for sharing tips on making food last longer and sought advice on what items can be stored in the freezer. Matilda responded, reassuring her followers that it's not challenging, mentioning that most food items last 3-4 weeks in the fridge. Another follower expressed interest in attempting the challenge but had a specific query about the amount of pasta Matilda consumed during her no-spend month. Matilda disclosed that she ate a significant amount, as pasta is her favorite.

The engagement continued as a user named Keeirs praised Matilda's accomplishment and sought details about the ingredients in her smoothie. Matilda graciously thanked the follower and shared the smoothie recipe, which included a mix of frozen berries (redcurrants, raspberries, strawberries), frozen spinach, oats, and water. The positive interactions extended to a user named Chellebelle, who applauded Matilda for completing the challenge and her estimated savings of around $ 1,155.97.

For more such content, do follow Matilda Relefors @brunchingblondie.

MORE ON MARKET REALIST
The player also brought her husband along on the stage to support her.
1 hour ago
The guest who had very little idea about the Sun Valley poster was beyond delighted.
3 hours ago
The FSIS announced at least five people were injured from consumption of the affected products.
22 hours ago
In the end, the guest was ready to fight her sister for an item worth thousands of dollars.
1 day ago
Fans were heartbroken to see the player, Ryan, walk away empty handed.
1 day ago
Harvey couldn't believe the hard researched facts about catfish on the show.
1 day ago
Carey demanded the Wikipedia page of "Stack the Deck" game to be updated after the win.
1 day ago
The player Titus Stevens missed out on taking home nearly $65,000 over an easy puzzle.
2 days ago
Harvey couldn't control himself after hearing some of the answers.
2 days ago
The thrift store find turned out to be quite profitable for the seller named Kimberly.
3 days ago
The creator showed proof that the store jacked up the price of an item by $3 during a sale.
3 days ago
The contestant, Linda Rivera failed to crack a seemingly easy phrase in the finale.
4 days ago
Fans couldn't believe that the player chose to miss out on such a good opportunity.
4 days ago
Host Drew Carey had to point out how loud the viewers were before the emotional victory.
5 days ago
While the guest got a massive appraisal for her grandma's ring, she was clear on her stand.
5 days ago
While some blamed the tough puzzle, a few were disappointed with the player, Rob Schwandt.
5 days ago
The player was a bit too excited for the trip and so was her husband in the audience.
6 days ago
The player, Ashton Hildebrand when on to win the showcase for prizes worth over $52,000.
6 days ago
The guest, Jad managed to bring a deal back from the dead and get exactly the amount he asked for.
6 days ago