How To Save Money
The idea of living on a budget is totally unappealing to most people. I don’t want to be put on a
budget and my guess is you don’t either. Saving doesn’t come naturally to most of us. When you’re
young, it’s hard to grasp the real value of money. You might see your friends spend a lot of cash on new
clothes and gadgets, or always eating out and spending. Some privileged people might feel little reason
to save, because all of their needs are met, and there’s so much more life yet to come.
But based on my observations and what the older people say, once you’ve spent two or three
decades on earth, you start to understand how hard it is to make money. You also learn how
unpredictable life can be. Jobs disappear. Health fluctuates. Marriages and partnerships come to an end.
Without savings, it’s hard to live a stable life as you get older. People who start saving young put
themselves at an enormous advantage as life goes on, and this is why it’s essential to know how to save
your money.
In an effort to live as minimally to start saving, you can begin by focusing on quality over
quantity, purging what you don’t need and only buying things when you need them. Firstly, you can
minimize spending on material goods. Think first before buying something, “Do I need this or do I want
this?”, and if you only want it and not necessarily need it, then ask yourself if “Do I want this enough?”.
You need to let yourself have time to think before making purchases, impulsive buying usually causes
you not being able to save money. If you have an impulsive buying syndrome, always ask yourself a lot
of questions when you’re in the mall or grocery store. When your eyes see something that you’re dying
to buy, ask yourself: “If I come here tomorrow, will this still be here? Do I really need this? Am I be able
to use this for more than one time?”.
The next thing to think about is setting a limit on how much money you spend on food. You can
save by minimizing your visits to restaurants, cafes, and the like. Most of the food offered outside from
home is overpriced, so you can minimize your spending by not eating out way too often. You can also
clean your clutter and sell some of your belongings online. We usually have a lot of stuff just left lying
around our bedrooms that we no longer really need, like a few clothes for example. You can utilize the
use of social media to sell your items online, making you earn some profit, which you can then put in
your savings.
Instead of relying on money to have fun, you can get creative. One good thing to do is explore
the city; look at architecture, go out in nature, find free days at local tourist spots, take photos and
window shop. Practicing mindfulness, enjoying each moment and taking in your surroundings is far
more gratifying than having a bunch of “stuff” to sort through.
And lastly, never be discouraged to set aside money even if it’s in small amount.
The common mistake everyone does is they underestimate the power of saving few money.
They would rather spend them than save them, because they think that they’re not going to make an
impact on their financial prospect.
But that’s when they’re wrong.
If you can start small, then you can go big. If you put away your left-over money at the end of
the day and do it more often, you will be surprised one day about how far your savings have come.
Saving for a future that is unknown can save you a lot of hassle. Learning to budget can free you
from constant worries and anxieties.
And being broke is temporary. But staying broke is an option.
