Like many people, you may have been aware of the need to save more for a while, but can’t seem
to get into the swing of it. We all want more money to invest and play with, but bad habits, a lack of self-discipline, and plain old forgetfulness can all get in the way of this. I’ve found that one of the best ways to hit your personal finance goals is adopting a few simple habits…
Passive Spending Barriers
Anyone in the developed world is totally surrounded by a culture of consumerism. This has led to the success of a lot of great businesses, but it’s also made passive spending way too easy. If you know that you’re making impulse buys and poor financial decisions too easily, it may be time to protect yourself with some firm rules. Setting yourself savings plans for every individual want, putting costly experiences over costly possessions, and using indecision as a prompt for not buying anything at all, can all be great for keeping more money in your wallet. It can be hard to follow these rules at first, but giving yourself reminders and sticking to these barriers can establish some excellent wealth-building habits.
I’m not suggesting that you devote a large part of your time to what people call “extreme couponing”, although this could certainly save you a lot of money! However, if you’re not using coupons at all, this is another good habit to get into, frequently espoused by these awesome money saving websites. You’ll be able to get a lot of items for free, or at least for a fraction of the price you’d usually pay for them. When certain things are super cheap on a coupon, you can stockpile these and avoid spending anything on them for a long time. Furthermore, when you get used to looking for coupons and special offers, you’ll become more aware of what you’re spending, and will naturally begin to shave some money off your usual spending. Regular couponers are generally much less susceptible to impulse-buying as well. There are countless coupon websites out there aside from the traditional sources, so start looking at what’s on offer!
Cooking at Home More Often
If you’re one of the millions of people who has a crippling phobia of the kitchen, then eating out every other night can seem like a pretty smart move. Yes, you’ll save yourself some effort and will be able to recommend some great places to out-of-towners. However, you’ll also be sacrificing some huge savings. Cooking at home can not only save you a small fortune over time, but is also a lot healthier for you. Plan your meals out for the whole week, even when you’re getting towards the end of your paycheck, and only buy the food necessary for those meals. This can often lead to you having a lot of leftovers, which you can whip up into an improvised meal before your next big grocery shop, thereby saving yourself even more money!
There are so many ways on how you can save money. You can start adapting this habits and you are on your way to saving more!