How many times have you tried and failed on finance-saving techniques you heard from a friend or read on the Internet? How many times have you hoped that by the end of the year you have saved up a few thousand bucks to spend for the holidays? How many times have you experimented and ended up not only with no money to spare, but worse, with accidental purchases?
Saving money has always been a difficult challenge. No matter what money saving scheme you try, the lack of willpower and commitment will often leave you in the state of being broke.
What if there are ways you can save money without the stressful spend-and-keep salary technique or without painfully cutting off your spending?
Seven daily life hacks that will help you save money
Carry only the money you need
You know the drill: the more cash you have in your pockets, the stronger the pull spending has on you. If you know your agenda for the day, you should have an idea of how much you are going to need. Stick to that budget and make it a routine. You will be surprised to find out that you did not only save money, you also save yourself from the hassles of breaking large bills on small purchases.
Keep that credit card in your wallet
We can all agree on the power that this piece of plastic has given us. Shopping without cash, special promotions, rebates, the list goes on. While all of these allow you to unleash the shopaholic in you, it also makes spending a harder habit to break. Contrary to when you have cash, the credit card entices you to shop for things you have no immediate need for. This is not to say abandon it completely — that would be almost impossible — but rather, use the credit card wisely.
Ditch the shopping cart
If you went to the store to pick up a few items, then focus on what you came for and walk past that shopping cart. Avoid the freedom and the convenience of roaming around freely and the temptation of adding unnecessary items to your basket. Not only will this save you time, but you will also develop a responsible spending habit over time.
Learn the art of couponing
Much has been said about the pros and cons of couponing. While some pass up on the trouble of cutting and collecting papers scraps for a few savings, you might just want to re-think that. A lot of stores give out coupons which offer an excellent way to take home good deals, stock up on essential items you will need in the future, and of course, save money. But just as they always say, couponing is an art.
Always bring along those reward cards
If you fancy individual brands and you keep coming back to their store for a variety of stuff, then get that reward card they keep offering you. A lot of stores these days come up with loyalty schemes for regulars like you and you if you think of passing up on that one point you get for an item, think again! It might not be much, but consider the frequency of your purchase in a year—you might be surprised that you may be able to regain a considerable amount.
Staycation with your friends
Going out of town is fun every once in a while, but It’s not only exhausting, it’s also a budget killer. If your friends invite you to a spur of the moment road trip, propose a staycation instead, but make sure to do it with fun! Prepare a delightful dinner, play games, watch movies and bond over a few drinks. All of you will enjoy an entertaining time together, and you all get to save a few bucks.
Practice the 30-day rule
So you go window-shopping one day, and you see this beautiful pair of shoes you just want to take home with you. Think long and hard. Do you need it? If the answer is no, then wait it out. Ducking impulse spending is one of the most important rules of personal finance, and waiting 30 days to see if the purchase is worth it is an excellent way to implement that rule. More often than not, that itch will have diminished after a month. But if not, at least you get to contemplate well whether the purchase is worth your money.
So what do you say, do you want to start saving some money now?
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