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[Korea Now] Combatting Soaring Prices with the ‘No-spend Challenge’

 Features >  Combatting Soaring Prices with the ‘No-spend Challenge’
Combatting Soaring Prices with the ‘No-spend Challenge’

 

Online communities and social networking sites are seeing an increase in posts showing housekeeping books or photographs proving people’s “zero-consumption” as the “no-spend challenge” expands to combat soaring prices through reduced spending.

The word “thrifty” sometimes carried the negative connotation of “miserly” in the past. However, such perceptions seem to be changing as the “no-spend” trend is positively received by an increasing number of people. Now, “saving by not spending” is considered both a new challenge and an achievement.

To live a day without spending any money, one needs to make varied efforts. You may have to walk or ride a bicycle while commuting instead of using public transport or driving your own car. This may add more time to your daily commute, but your new habit is sure to do great things for your health.

During lunchtime, you should bring a packed lunch instead of eating at a restaurant. After work, you need to go home and eat a supper made by “fridge digging,” that is, only using things you currently have in your refrigerator.

If you wish to go further than simply not spending money, you can also gather points that may be used like money through mobile apps that offer compensation for tracking step activity or watching live advertisements. You can also make a small amount of money by selling things you no longer use via second-hand trading sites.

All of these open secrets are posted on social media by people attempting the no-spend challenge to share information or stay accountable as they attempt to reduce spending.


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