How to Save More Money – 10 Tips to Save Your Money
How to Save More Money : There are always some investments that are worth regretting. You don’t regret them in instance, but after some time. That investment may cause a dollar or hundred, but it always hurts. And then you do all the mathematics and over think yourself in bad mood. And almost every time you make a decision that you won’t do that mistake again, but you cannot stand on it. So the question is How to Save More Money? Well, to answer this question, we bring to you the article all about on Tips to Save Your Money.
You can easily count on us where we decide to help you selflessly. The reason is no one actually likes to spend and regret. Money is a darling when we have and an arrogant monster when we don’t. So you should always learn about calculating and saving your money. So that you don’t ask yourself, ‘why in the world did I ever purchase it?’ or ‘why did I spend my money on it?’ and ‘what was I even thinking?’ And I know, you can always think of 100 different scenarios where you could have saved and spent the money well otherwise.
Hence let us have some baby-steps by implementing this below given 10 Tips to Save Your Money and be economically stable. So keep reading.
10 Tips to Save Your Money
Do Some Mathematics –
It is very crucial and important to know about the mathematics about your spending and saving. It is okay to go out the limits once a while, but it is never okay when you do it again and again. So for the first of the Tips to Save Your Money, and to learn How to Save More Money, you need to learn about the amount that you allow yourself to spend. It is important to know this as this helps you to be in check with your savings and spending. Don’t spend money without doing mental math, as it may cost more than you want to spend. Always ask yourself, what if I don’t spend on it? Or how much am I allow/able to spend? This will continuously help you to monitor your cost and you will be surprised to know how much you have saved.
Sleep on It –
It is founded that you mostly regret your spending when you have bought something on impulse. You look at the dress, the color, you imagine yourself and you throw hundred dollars after it. But after buying, you can only cuss yourself and your lack of brain. So to save this personal degradation, it is advised to have a little talk with yourself after you see a dress you like. Don’t just buy it. Go home, sleep on it, ask yourself how much you want it, go there another day. You may not feel the same affection for it. Think about the dress after a week, a month or months. And wonder if you still want it. Your answer will be no. And when you reach that phase, congratulations you just saved yourself a hundred dollars.
Don’t Overspend on Brands and Status –
This happens when you think that you only deserve the best or brand. Sometimes you have to carve your hunger to spend by not buying brands. Get the thought out of your mind that your friends may think you are cheap. It’s not them, it’s you yourself. So don’t go all out when you go for shopping. Always stop on something more comfortable and less branded. Your clothes don’t show your status or lifestyle. You can always buy status and brands when you are not in dire need of cutting your spendings. So try not to buy only branded clothes or things. This can be one step towards How to Save More Money.
Prepare Meals Beforehand –
The youngsters are now spending too much money on fancy foods and drinks. The reason behind this is they discover too late that they have no meal ready. So they end up eating outside and spend money. But there is one answer to this problem. You can prepare meals for a week beforehand on a free day and freeze them. That way you have all the food that you may need for a week and all you have to do is heat them. So make a habit to choose a day or two in a week and make meals in large amount. That food should serve at least 2-3 servings. This will last you longer and make you healthier as you end up getting the habit of home-made food. Take this step and learn How to Save More Money.
Don’t Compromise on Quality when Needed –
One of the most important things to remember is not to save and regret. I know it sounds bizarre and double minded. But it is important to know when you should not just think about money and also think about the comfort and necessity. Some of the things that fall in this category are the razors, toothbrush, milk, bedding, toiletries, kitchenware, etc. It is always advised that these things shouldn’t be compromised for money. This should make you learn all about How to Save More Money wisely.
Spend What You Have –
As mentioned earlier, at the starting of the month, keep an account of what money you have, you much you save and how much you want to spend. So only spend the money that comes under the third category so it doesn’t compromises with your rent money or savings for a new car maybe! Even if you have a credit card, use it like a debit card, and spend only what you have and make a margin of what you are allowing. This can make a huge difference. This can make you a smart investor and teach you How to Save More Money.
Be Content with What You Have –
The main key in learning how to Save More Money is that you must always remember and be grateful towards the things that you have. This includes your clothing, car, house, amenities, luxuries and your lifestyle. Don’t turn into a jealous prick when you look at someone having something that you don’t. Always remember that what you have is best and you don’t need too much to top off the list.
Need or Want?
Understand the difference when you want something and when you need something. Only spend money on what you ‘need’ because that is necessary. Stop indulging in the things that you wish or want. That can cut off majority of your savings too. Don’t compromise on needed things but let go of your over the top wanting. This can teach you How to Save More Money.
First Save then Spend –
This means, that you must have a clear idea of your accounts. Make yourself a resolution on how much you want to save at least of your money each month. According to many budget planners the minimum of your savings must be the 20-25% of your total salary of you wishes to buy something big. Along with this, also count emergency money for each month first. After that, count your rent and food money which should include grocery buying. This will give you the clear idea of the amount that you are left with to save. Only and only use that amount and not a penny over. This is one of the major tips that help you to learn How to Save More Money.
The last but most effective tip to learn the trick behind How to Save More Money is to mend your problems yourself. Whether it is a bathroom problem or kitchen or garden or yard, do it yourself. If there is a little problem you can easily learn about its mending and maintaining by doing it yourself once a week. This may need money to buy tools or to learn, but it will cut off the monthly spending you pay for the small problems. Do-it-yourself trick is very innovative and concentrating trick when you wish to save money as well as strive for perfection.
Hope that you find all the above mentioned Tips to Save Your Money are useful, and atleast make an initiative on saving more money. Visit careinfo.in for articles.