When it comes to personal finance, there are two basic directions that you can go about, namely spend less or earn more. ” Spend less ” sounds simple enough, but it can be a difficult test for anyone living a certain lifestyle or stopping at certain lifestyles. Of course, not only is lifestyle a problem – temptations are everywhere we look. If you have a desire to spend less, but it is difficult for you to change your habits, 5 ways to refrain from spending money are described below.
Leave Email Receipt
As we live in the digital age, everything we want is a few clicks away. It has both its own benefits and its drawbacks. After years of shopping online and signing up on different websites, you are likely to receive a lot of messages and offers in your email box. These deals are especially intense during the holidays – Christmas, New Year, Valentine’s Day and other holidays, offering you opportunities that are available ” only once in a lifetime “. It should be remembered that the sale is not an excuse to spend. If you didn’t need this or that thing before this sale, why do you need it right now? To resist the temptation to buy something within these deals, opt out of receiving these messages in your email as well as other channels, such as a mobile phone.
Make Your Motivation Visible
If you want a quick, simple and effective method that can help you overcome the temptation to spend money, put your money in your bank account. Every time you want to spend it, you will remember how much money you still owe. This method will make you think twice about spending more money. If you don’t have a debt, print your pictures with your current goal, such as a trip or a home, and put it in your wallet. A visual reminder of what you are financially seeking will certainly help you refrain from tempting to spend money on non-important purposes.
Keep Your Money Spending Separately
Let’s be Open – Every one of us has weaknesses that we do not waste money under the circumstances. Most people have the weakness to go to supermarkets and shop, and often, just when they are tired or overwhelmed. In such situations, people often give secondary importance to money. Improving your well-being can also help, for example, to go outside or meet friends. It should be remembered that we cannot spend money every time we have a bad self or feeling unwell. It is important to be aware of your weaknesses to be able to control them. Personal finance management does not involve as many figures as your behavior. If you know that you tend to go shopping at times when you have a bad mood, try to replace shopping with someone else who can also improve your own. However, if you can’t do without shopping, take your cash with the store instead of a credit card that will allow you to overpay. Take cash as much as you can afford to spend at that moment, not all your money.
Ask yourself these important questions
- Do I need it?
- Will it make my life better?
- Is it worth the price?
- How else could this money be used?
- How will I feel about this purchase tomorrow?
- Is there anything similar to me at home?
Answering these important questions can help you think more realistically and make a rational decision rather than emotion and weakness.
Introduce New Habits
When it comes to spending money, many of us already have specific behaviors and lifestyles we stick to. To spend less and introduce new forms of behavior in your life, you will also have to introduce new habits. For example, when you want to have fun, go for a long walk and enjoy the simple things for free. Of course, no one says that money should not be spent on entertainment – it is understandable that it is necessary, but it must be seen to have a valid reason, not just a habit, emotion or weakness. To start spending less, you first need to be aware of the situations that make you spend more than you need, but then don’t follow the above tips.