Would it be bad for you to stay awake for the whole night once a month?

I was just wondering, that if you would stay awake for a whole night and not go to sleep at all for one day then sleep like normal for the rest of the days of the month and do that every month, would that be bad for you? And if so, mentally or physically? Or both? I thought it wouldn't be bad for you since its not everyday. But i'm not sure.