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How a no spend week can boost your savings [Video]

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Finance for Women

The “No-Spend Challenge” involves going as long as possible without spending money on non-essential items. WFMY News 2 Anchor Lauren Coleman gave it a try.

GREENSBORO, N.C. — If anyone knows how to stretch a dollar, it’s Financial Literacy Expert Ja’Net Adams. She’s made a career out of helping others pay off debt.

“How I got into the work that I’m doing now is being in $50,000 of debt and being laid off with a one-year-old at home,” Adams said. “I said my first child was born into debt. My second child would not be, and she wasn’t.”

With strict discipline, Adams said she was able to pay off all her debt in just two years.

“It’s just about taking it one step at a time,” Adams said. “Save $5, save $10, and pay off $30 of a debt, whatever it may be just start, that’s what’s going to make it easier.”

According to the U.S. Department of …

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