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UK households are using the ‘no spend’ trend to save hundreds of pounds a month. The trend is all over social media with savers using the hashtags #nospendchallenge or #nospendmonth.

“It’s basically talking about a set period of time where you make a concerted commitment to not spend money on things that aren’t essential,” explains Matthew Sheeran, Money Wellness collaboration partner and trained debt adviser.

“You can still do your food shopping and pay your bills,” says Sheeran. It’s a chance to reset, budget better and “really realise what you do and don’t need”, says Sheeran.

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“A lot of people will get a coffee every day just because that’s what they do, it’s part of their routine. T

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