Patience
Be patient when it comes to saving. This means that you need to accept that it will take time to save and good planning. Be patient and remember that just because you want something, do not rush to buy just to satisfy your urge. Instead, wait for sales in order to get the best price, which in turn will save you money.
Flexibility
Once you have set your goal for saving, realize that things can and will change. The secret is learning ways to be flexible. If you normally save $150 a month, when something unexpected happens, you may only be able to save $50 that month. This is fine as long as you focus on getting back on track. When faced with having to change your goals, be sure that you get back on track immediately. It’s too easy to slip back into those habits of not saving money.
You MUST Set Goals
Break your goals into short-term, intermediate-term, and long-term. Being able to see your accomplishments is a great motivator for you to work hard at saving. If you set a short-term goal of saving for a bigger TV for your family room and reach that goal, you will be encouraged to keep saving for the intermediate and long-term goals.
Budget
Everyone should create a budget. Even if you aren’t good with money or don’t know where to begin with starting a budget, many businesses such as H&R Block, offer free financial consulting to help you put a budget together. Knowing where you are spending your money is by far the best way to save. In most cases, people have no idea where their money is really going and once they see it on paper, not only are they surprised but they also decide to change their spending habits.
Have A Plan
Planning is a great way to save. Before you go to the grocery store, make a list and stick with it. It was very hard for me to do this. Especially when going to places like Wal-Mart. If considering a vacation, plan everything. Taking a vacation with no set direction will certainly lead you to impulsive spending.
Be Realistic
When it comes to saving money, make sure the goals you set for yourself are realistic. If you set your goals to high and never achieve them, you will become discouraged. If you earn $50,000 a year, saving $20,000 would be nice but it is very unrealistic. Make your goals attainable or you will never save.
What Matters to You
Grab a piece of paper and a pen. Make a list of the 10 most important things in your life. Next to each one, rank them in order of importance using numbers 1 through 10. The purpose of this exercise is to help you see the things you consider the most and least important. This will provide you with a visual of why you need to save. Some examples of things that a person might put on their list are buying a new home or car, a big vacation, starting a business, or paying off debts.
Allowance
Do not forget to give yourself an allowance for things you enjoy. Even if on a tight budget, buy something that you enjoy, which could be as simple as buying a new shirt or grabbing lunch at your favorite café. If you do not allow yourself this small “splurge”, you could find yourself in the same position as if dieting. Total deprivation leads to overindulgence.
Break old Habits
Take time to learn the various things that “trigger” your spending. When you are depressed, lonely, sad, anxious, excited, whatever it may be, do you spend more? Once you can identify these triggers then you can learn how to control them. As an example, if you were just laid off from your job, although money is tight, you may have an overwhelming “need” to spend money. Perhaps you notice that when you are bored, you head for the shops. Knowing what affects you will help you to discipline yourself to find other ways of comfort.
Wants versus Needs
Make sure the thing you want to spend your money on is a “need” and not a “want.” Sometimes this can seem like a fine gray line but if you stick to the need list, you will spend a lot less.
Written Plan
When a person goes into business, they create a Business Plan, which becomes the blueprint of their business. The same should apply if you are trying to save money. Create a master plan that the entire family can get involved with and learn their role. When you start to spend too much, go back and look at your plan to see where you are messing up and how you can fix it.
Attitude
Good money management is an acquired skill. As you go forward with the process of saving money, you need to have a good, positive attitude, which is often what will keep you and your family heading in the right direction. If you think you cannot save, then you probably will not. Be determined and stay positive about saving.
Live Within your Means
The quickest way to get in debt is to live beyond your means. Sure, most people want more than they have but life is not all about spending money. Be thankful for what you do have and learn how to enjoy the financial position you are in. This is where your budget will help identify the amount of money coming in against the amount of debt going out.
Consignment Shops
Rather than throw out or sell slightly worn clothing or other household items in a garage sale, consider selling them through a consignment shop. You will get a better price for your items and consignment shops are always looking for quality merchandise. Check out Half.com, which is an online consignment shop offering books, movies, computer software, and much more in either new or used condition.
Take a close look at the clearance racks!
Always head straight for the clearance rack where you can find amazing bargains. Sometimes you may have to dig a little to find the right item but the savings will be well worth your time. Most clearance racks offer variety, current trends, and great value. For example, Bed, Bath & Beyond has a clearance section where you can find all kinds of wonderful household items for a fraction of the original cost. I have teenage daughters so buying name brand clothing is very important to them. When we shop at the big department stores, we always find great deals on the clearance rack.
Plan Menus
Although it will take some time initially, after you have planned a week’s menu once, it will become much easier and best of all, it will save you money. Knowing exactly what you will be making helps you to shop for foods that can be used more than once. As an example, if you are going to have spaghetti on Tuesday, you could buy bulk ground beef at a better price and then use the other half for tacos on Saturday. Another option would be buying round steak where one night you fix Salisbury steak and then a few days later, you use the leftovers for breakfast hash. This will help you stretch meals and avoid last minute or impulse buying.
Dining Out
Eating out can be expensive. Rather than stop eating out, simply cut back and look for options of two-for-one. Restaurants of all calibers offer weekly specials and if you check in your Sunday paper, you can often find special bargains. You might even think about signing up as a Mystery Shopper on the Internet where you can eat at fine restaurants free or at a huge discount just for writing a report on the food, service, and cleanliness.
Turn your Hobby into Money
Everyone has a skill – find yours and turn it into money. For example, if you have a skill for woodworking, start creating children’s toys, or curio cabinets to sell. Perhaps you are computer savvy and could teach a class at your local community college. Find something you enjoy and sell it.
Pocket Change
Keep a jar or some type of container handy and each time you come home, drop in your change. Every time you break a bill, put the change in your container. You will be amazed how quickly your money will build.
Repair versus Replace
Instead of spending $1,000 on that beautiful new couch, you might consider one of two options. If your couch frame is still good, you might spend $300 to have it recovered or purchase a quality slipcover for $100. Your couch will look brand new for much less, than it would to replace. Another example would be if you have a lamp that you want to replace. Consider painting it and adding a new shade rather than spending money to buy a brand new one. Perhaps you have a washer, dryer, or refrigerator that is running a little sluggish. Find out the cost of repair over that of purchasing a new one. Even if you have an appliance with the wrong color, businesses offer fantastic paint jobs. With a little creativity, you will be amazed at how much can be repaired, thus saving you money.
I hope this helps. Please give a like and don't forget to subscribe.
Thank you for your support.
コメント