Do you find yourself constantly rummaging around the bottom of your bag searching for spare change even If it’s not the end of the month? If you’re struggling to stay afloat and cannot remember the last time you had change to spare it probably has got more to do with your spending than anything else. Take a look at the tips we have which will send you on your way to your next tropical holiday instead of loathing life on the regular.
#1 TAKE NOTE ON WHERE YOUR PENNIES FALL
For the forthcoming month make it a point to only use your debit card wherever you spend. From buying the groceries, home furniture to paying for your fuel. Now we know this is a task, but any money you take out at the ATM should also be documented. From this you can pinpoint exactly where and how much money you spend where.
#2 ALL ABOUT THE LISTS
Make a list the next time you find yourself heading to the shops. One of the best secrets to saving money? Simple! Stick to the list. Don’t look left, don’t look right. Keep your eyes on that list and do not veer from it.
#3 CALCULATE HOW MUCH TIME THINGS COST
If you are unsure about buying something, this is one of the best tips we have which will help make your decision. Calculate your wage to the hour. Next, ask yourself whether that particular item is really worth five hours of your working life. If not, let it go.
#4 SLEEP ON IT
Again, if you’re not sure about spending one third of your monthly wage on a new winter wardrobe, put the items on hold. This will stop you from compulsively buying half the store. When you do come home be adamant in checking if this is a necessity or not. Talk it over with your partner for further insight. Alternatively if we really are talking about a new clothing collection, open up your wardrobe and have a look inside. How many of the new items can be integrated with your things already living there. This can work for anything, not just clothing.
#5 BURY YOUR CREDIT CARDS
It’s understandable that it is more and more difficult to go through life without the help of your credit cards, but the fact of the matter is that you do not NEED to take your favorite cards everywhere. Bury them somewhere safe and only take them out when you have selected something that you know you need. We’re talking beds, furniture, health issues, etc.
You don’t have to be Einstein to stop spending where you don’t need to be. Now that you have these tricks up your sleeve we know you’re going to be smart about spending.