Some Simple Ways To Save Money And Enjoy Your Life
Life can be stressful, but that doesn’t mean you should stop enjoying it! That doesn’t mean you should stop trying to find little ways to save money either, though. Whether you want to free up some cash to travel the world or simply pay off your credit card debt, these simple and easy ways to save money will help you get there, even as your life gets in the way from time to time.
Curb impulse purchases
One of our biggest money-wasters is impulse purchases that latte, a designer bag we don’t need, an expensive dinner out. Fortunately, most of us have these temptations at least once in a while. But if you want to save money (and enjoy life) next year, use today’s tip: Before hitting that checkout counter or drive through window, ask yourself: Is it really worth spending $10 on an impulse purchase? Will I use it once and then toss it in my closet? If so, just say no! Instead of saying yes to an impulse buy every now and again or even every month or two months like you do now, ask yourself if it will add real value to your life over time.
Set monthly budgets for essential household items
After years of learning how to spend less, we’ve come up with a few tricks for managing our money. We keep a simple budget on a spreadsheet that shows us exactly how much we have left in our checking account every month. Every week, we sit down together and review our finances so that if there’s something unexpected like braces for our daughter we can decide if we want to pull from savings or cut back somewhere else. Because we manage things together, Steve will often joke that he pays more than half of all household expenses. Just don’t tell him I told you that! One thing is for sure: over time, you should see your spending go down even though your overall income is going up because of raises at work or bonuses from investments.
Looks for discounts items wherever you can find them
Sure, it’s not as simple as turning down your thermostat. But many of us can find ways to save money on a regular basis if we look for them. Check out Groupon or Yelp Deals they often have deals that can save you at least 10 percent off local businesses, or sometimes more. Even cutting out a daily $4 latte from Starbucks will save you nearly $1,000 over a year’s time!
Think twice before paying full price
As humans, we’re programmed to enjoy life but also to make money. It’s a tricky dynamic that often leads us down a slippery slope. We want what we want, when we want it—and there’s nothing wrong with wanting these things in life. But more often than not, simple is best: The simplest way to save money is just to not spend it.
Avoid credit cards
Credit cards have a way of obscuring a simple fact: If you don’t have enough money, you can’t spend more than you have. Instead of giving yourself over to credit cards, give yourself a spending allowance and keep your credit card in your wallet until it’s time to pay for something. Life is beautiful; enjoy it.
Learn to love leftovers!
There’s a reason that Americans have a reputation for wasting food. I blame it on our abundance of food. On average, each person in America wastes an estimated $165 each month on leftovers. If you want to save money but still enjoy tasty meals at home, learn how to cook in bulk and double up on left over this is one simple way you can take advantage of your abundant life without letting too much go to waste some. Some Simple Ways To Save Money And Enjoy Your Life.
Repay your debt as soon as possible
One of your most valuable tools in finding ways to save money is paying off as much debt as possible. The less you owe, the more spending power you have and when you spend less, that means more savings for you. If you haven’t considered paying off your debt, stop now and do it. You can use a credit card balance transfer or even an old-fashioned home equity loan (if your home value has increased since your last mortgage payment) if need be whatever it takes to get rid of those pesky debts. Once they’re gone, start thinking about ways to save money on all those other purchases that are weighing down your savings account each month. And if life gives you lemons? Buy a juicer!
Eat out less often
Eating out is a huge money sink. When you eat out too often, you spend more than you need to for a meal that could easily be made at home (making it taste better in process). It’s no wonder why many people are perpetually on a quest for ways to save money—few things can drain your savings faster than eating out frequently. If you want to save money while enjoying life, start by reducing your number of dining out days. You don’t have to give up all restaurant outings, but you can certainly make them less frequent. Eat at home most nights of the week perhaps after preparing a simple meal with quality ingredients and make one or two nights per week dining out nights.