One of the easiest ways to start saving money and improve your financial situation is, unsurprisingly, to stop spending money. It’s glaringly obvious, but it is also a lot more difficult than it may seem, which is why I’ve put together a few hints and tips to help you stop spending so much money if that’s what you want to do.
Know your triggers
If you want to stop spending so much money, the first thing you need to do is get to grips with the triggers that cause you to spend more than you really need to. For some people, feeling down can send them into a spending frenzy in a bid to cheer themselves up; some people spend money when they are put in the way of temptation, at a mall for example; some people spend to fill a void inside themselves that would be better filled with healthier pursuits. Whatever your trigger is, once you’re aware of it, you can start replacing your spending habit with something a bit more wholesome like exercise, time spent with a loved one, or watching a favorite movie.
Learn to make do and mend
Back in wartime, people had less, which meant that they naturally had to learn how to make do with what they had. They also had to learn how to mend stuff when it broke instead of simply discarding it and buying a new one. This is something we should all embrace again in 2021. From cell phone repair companies to sewing lessons, there are so many ways we can learn to spend less by making do with what we have.
Okay, so this may be a bit harder in the current situation we all find ourselves in, but there is no denying that if you do your spending on cash, rather than cards, you’re more likely to stop before you spend too much. It’s far more difficult to track your spending when you pay with cards, which means you can much more easily go overboard than you might overwise. Give it a go and see if it works for you.
Take advantage of free stuff
From libraries crammed with all manner of educational and informative books to local concerts in the community park, there is so much access to free stuff all around us if only we would pay attention and take advantage of them. By using more of these free resources, you will naturally save money and have a great time while doing so.
Make life more meaningful
This tip is perhaps a bit more esoteric than the rest, but there is no denying that a life packed with meaning is a life that can naturally lead to less spending. When your focus on serving others, enriching your mind and body and having interesting experiences, your need for stuff tends to fall off a cliff somewhat, and not only do you save money, but you lead a much better life too.
Curbing your spending is never easy, but it is possible, and it could just be one of the most rewarding things you do!