It is evident that some people find it hard to save up money without using it up to buy things they want. We all have been there, done that and it is what we should address if we really want to save up or pay our debts. Aside from staying on a budget, there are more simple ways to save up money and achieve your savings goal.
1. WRITE SHOPPING LISTS
A shopping list is just a piece of paper that holds a primal part of your shopping behavior. It lets you prioritize the things you really need and prevents you from overspending on unnecessary items that just caught your fancy. A shopping list is a must-have if you want to prevent any more impulses.
2. CHIP IN ON YOUR SAVINGS ACCOUNT
This has been a method that starts with a piggy bank and believes it or not, but you can save up a lot of money if you are fully committed to the challenge. First, you can do this by saving a part of your unspent money bit by bit. You can try by having a daily quota by putting in $5 a day and adding up that same amount to a piggy bank.
3. FIND OTHER ALTERNATIVES
Another practical way to save up money is to find alternatives for items that you can opt out on in order to save money. You can try scavenging through the seasonal flea market or a local farmer’s market to score the best deals for half the price. It would even be better if you can look for quality items that can last long like a secondhand leather jacket at a secondhand store.
4. PREVENT PURCHASES ON CREDIT
Every time you reach out of your wallet you see the card that can make things much easier. A credit card is very convenient if you don’t have any cash at hand. But for the most part, it can lead to serious debt and the rule to prevent this prevents yourself from paying for items that you can’t pay for in the long run. Using a credit card is easy but it’s the paying up that is hard to swallow if you’re not careful in using it.
5. TRY HOMEMADE OR D.I.Y. RECIPES
Even if you are not an arts & crafts person you have to admit that creating something homemade is cool. From cleaning supplies, beauty products, and décor items there are plenty of ways to do this. The only factor is that you are determined to go through it and have fun. Mistakes can happen but it can let you gain more life skills which are quite beneficial.
6. SLASH OUT EXTRA EXPENSES
Another practical way is to completely stop paying up for things that you can live without. This can be from your daily coffee run in a coffee shop when you try to brew your own. And by cutting your cable subscriptions and install a flat TV antenna that gives you access to more channels for free. You must think about your expenses and look at what you can get rid of. This makes it much easier in the long run.