There are people who really wants everything and it is hard for them to keep their money stock in their wallets. But there are also those people who is wise enough and overthinks about their spreadsheet. Here are some tips on how to save money and spend it wisely.
- Keep updated with your account.
Always take time to look on your bank account online to monitor cash flow.
- Keep receipts.
Always have a place for your receipts. Assess and adjust your spending accordingly.
- Cut unnecessary habits.
Give up those expenses you no longer need or use. For example, using cable when all you do is watch videos and shows online.
- Know your goals.
Always understand the difference between needs and wants. Have a list of stuffs you’re really dying to purchase but can’t afford it yet and place it anywhere you can easily see. Stare at it everyday and it will help your spending decisions better.
- Buy the things that is on sale.
Never purchase an item that costs $100 when you can buy it $50 somewhere. Some people check it online and then gets a coupon if available, before heading to the store.
- Buy in cash.
You don’t need credit cards just for your personal expenses. And better, in some cases, ask for discounts before paying.
- Budget bills.
You don’t need to keep the heaters or air conditions on at all times. Turn off the faucet while brushing your teeth instead, use a cup or mug. Turn off lights if there is no one in the room. Conserving is a good thing.
People work hard for money, we don’t have to spend twice the price we get on our monthly salary. Saving is a good thing so we don’t have to worry or blow off when there are unexpected expenses we suddenly face. Work smAlways stay on track!