LEARNING TO BECOME A BETTER SAVER
Being able to save money or become a better saver does not necessarily depend on your income, you need to be smart about it. Money is one complicated thing to handle, and the question is always the same, how to do more with less money?
If you make enough to pay your bills and still have a little extra cash by the end of the month, some simple techniques will turn you into a better saver in no time.
There is no time like the present, the moment to start saving money is now. Stop postponing this important decision, there will not be a better time to start. The sooner, the better and remember that time is money.
Establish a realistic amount to save from every pay check. Keep in mind that saving 75% of your income will be impossible. Establish a minimum amount within reason, if you can save more than that great but make a commitment to never save less.
KEEP IT SIMPLE
Do not make of this process something complicated, saving money could be as simple as putting some cash in a box. Simplicity will be the key for you to keep on going.
WRITE DOWN SPECIFIC GOALS
Establish what you wish to accomplish in the short, medium and long term. Write specific amounts and specific dates, this way you will keep yourself on track.
KEEP THE CHANGE
A couple of coins may seem like nothing, but think of how much you are actually leaving behind every month. Those coins could be the difference between reaching your goal or not, next time claim the change.
There are small jobs available all around you and you could even use an app to get them, these little jobs will not require that you quit your day job but will complement it. Every extra income is always welcome and will make a difference at the end of the month when you see if you have reached your goal or not.
EMPLOY THE 72-HOUR RULE
Next time you feel the impulse of purchasing something, ask yourself, will it matter in 72 hours? If the answer is no, then you definitely should not buy it, employ this rule with everything and you will find yourself spending less money on things that you do not need.
MAKE CUTS WHEREVER POSSIBLE
If you are using two different streaming services, maybe is time that you settle for one. That gym membership that you hardly use, consider downgrading or getting rid of it completely. These small changes will reduce your bills dramatically.
ONE MAN’S TRASH IS ANOTHER MAN’S TREASURE
Those old clothes that you have in your closet and the shoes you do not use anymore could be a source of extra cash. Go to a thrift store and see how much you can get for those pieces you do not wear anymore.
COOK YOUR MEALS
It is always easier to order food or pick something up on your way home, this way you are spending money you could easily save if you start cooking your own meals. Eating home cooked whole foods is going to be a whole healthier for you and it might also save you on your medical bills.