Hi ladies! Lately, I have been doing a lot of thinking and reflecting on my personal finances. Managing money, what to buy, how much should I save or spend.
Bottom line…money doesn’t buy happiness. It can’t. Therefore, being smart with your money and saving an extra penny any chance you get is going to allow you to live in freedom without the burden money can hold on you.
Let’s take a look at a few easy tips to saving your hard earned money! 🙂
Wants VS Needs
Separating the wants vs needs is crucial to saving money! I find it very easy to spend money on things I don’t REALLY need. I usually think I need them but I don’t, I actually just want them. When shopping, before I buy something, I ask myself “Do I absolutely need this?” Usually, the answer is no. Even with little inexpensive things…do I really need them? No. It feels so good walking out of a store knowing I saved money restraining myself from buying something that would’ve been a waste.
Always Have a List
It is so much easier to walk into the store, go directly to the things you need to buy, grab them, and go! I don’t know what I am looking for or have in my mind what I actually need to buy, this ends up in me lolly gagging around the store, picking up things I DON’T need and buying them. You will save lots of money by creating a simple list, a game plan, of what you need. Then you can grab and go!
Stop Buying Everything for Full Price
I hardly ever buy anything full price. I hate it. HATE IT! Why? Because I know that labeled price is not how much that product is really worth. I’m not talking about diamond earrings, because luxury items are in their own category. I am talking about your everyday items. Clothing, furniture, decorations, food, etc. I mean spending $30 for a shirt when it really only costs about $30. Check when there are sales going on, grab coupons, take the time to look for deals rather than buying the first one you see. I guarantee you can find the same thing for much cheaper!
Wait before buying the newest product
When something popular, fresh, and new comes out the “Do I really need it? question gets pushed away by your brain telling you, “I NEED IT I NEED IT I NEED IT! We always want the next best thing…it’s in our nature. Try to practice self-control when something brand spanking new comes out. Do you really want to jump on the bandwagon like everyone else? How long will it even be in style? Do I ABSOLUTELY need it? Can I use it a year from now? Ask yourself these questions. I have a feeling you might out your wallet back in your purse. And you will thank yourself.
Pay with Cash
I find it much harder to spend my money when I am paying with cash rather than with a card. When you use a credit card, it’s really easy to lose track of how much you are spending because you don’t feel the same sting that you feel when using cash. So try to use cash on those everyday purchases. Save the credit card for when it is absolutely necessary. Your bank account will hurt less I promise! 🙂
I swear by thrifting! Some of my BEST purchases have come from Goodwill, garage sales, thrift stores, and resale clothing stores. Im serious.. thrifting is AMAZING. People will get rid of so many nice things and you can snatch them for SO CHEAP!! When it comes to thrifting…get creative with your approach. Look at it like a scavenger hunt. You are on the hunt for the jackpot of cute stuff for cheap prices! Don’t be afraid to try thrifting!! I can’t even tell you how much money I have saved from being thrifty. I love it and it’s so much more rewarding when you search for something and find it rather than just hopping on line and putting it in your cart and paying shipping. Try it!
I hope you found some of these money saving tips to be helpful! ENJOY!
Happy thrifting! 🙂