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Money Minute
Quick Tips
Ariel's Number of the Day Is Zero
Money Minute
Unnecessary expenses can drain your budget and keep you from meeting your goals.

Ariel’s number to know is zero … zero dollars that is.

When it comes to properly managing your money, sometimes you just have to say “No!”… to unnecessary expenses. To help you see the power in saying no, try to go an entire month with $0 of unnecessary purchases. We will call this “the month of no.”

For a month, try to make major changes in two main areas: food and transportation. You should avoid eating out, and instead go to the grocery store and plan your meals in advance. You should also avoid using ridesharing apps, and instead use public transportation or your own car.

Lastly, do not make any miscellaneous purchases that are not necessary (for example, new clothes, accessories, music, etc.) You are, of course, allowed to spend money on basic housing needs such as your rent or mortgage payment.

Many times we end up spending a lot of unnecessary money when we’re hanging out with friends. But here’s a tip—loop your friends in on what you’re doing—they can help keep you accountable and may even join you!

This “month of no” will allow you to be more deliberate with your purchases. After everything is said and done, you can set aside the money you save from this challenge to jumpstart (or add to) your emergency fund or investment account.

The information on this page is provided for educational purposes only and is not tax, legal, financial planning or investment advice. Neither the information nor any opinion expressed in this section constitutes an offer to buy or sell any securities or advisory products. The information provided is general and is not information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular security. You should not regard this information as a substitute for the exercise of your own judgment. Investing involves risk.

Past performance does not guarantee future results. © Ariel Investments, LLC. This website and all of its content is for informational and educational purposes only and should not be considered to be investment advice or a recommendation to buy or sell any particular security. The mutual funds offered by Ariel Investment Trust are distributed by Ariel Distributors, LLC, a wholly-owned subsidiary of Ariel Investments, LLC. Use of this website is subject to our Terms & Conditions. The Ariel mutual funds referred to in this site may be offered only to persons in the United States. This web site should not be considered a solicitation or offering of any investment products, funds or services to ineligible investors, investors for whom such products, funds or services are not suitable, or investors outside the United States.

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