Have you ever had that awkward moment when you are halfway through you twenties and you realize you are nowhere near achieving that life you have always dreamt of?
I vividly remember when I was 16, I couldn’t wait to be an adult. Somehow the adults in those days made it seem as if it was cool. The thought of freedom, moving out of your parents’ house, and ultimately having the liberty to decide whatever you are going to eat for dinner? Hell yeah, Sign me up please!
Now fast forward to 2017 and you’re halfway through your twenties and you think to yourself, “Damn, did they stop the twenties party just when I arrived”?
Yes, this can be frustrating and sometimes a bit hard to navigate through. Luckily the internet has a myriad amount of information to make good use of today.
A couple of months ago, I started researching on how I can enjoy the luxuries I need but still be able to save up for a comfortable living e.g, house, car etc.
I realized that when you read a few of these money-saving-blog-articles, you may soon start believing that maybe, just maybe the toothpaste brand I’m using is driving me to financial destruction.
Frankly, I believe in living our best lives today and saving a little for tomorrow.
Taking these extremist views of spending can sometimes leave you with feelings of guilt, even for necessary purchases that actually improve your life.
I am not saying we should spend-spend-and spend as long as it makes us happy. Most people get this completely wrong. What I am saying is
Don’t waste money on things that aren’t important to you.
What makes you happy is not decided by your friends, your neighbors, or the commercials on TV.
We need to have a healthy relationship with money and below I have listed a few tips that have been working for me.
6 tips to help you start saving today
- Know your worth
This may sound like a no brainer – but it is very important to know your financial standing before diving into saving or investments. Start by creating a simple overview that shows your monthly earnings against your expenses and bills. This will give you a good indication of what’s coming in and what’s going out. Once you have this overview, you can easily create a realistic budget.
- Count your blessings
Being grateful for people, possessions, places and simple pleasures of life is not only good for the soul, it also makes us less materialistic. An attitude of Gratitude has been proven to be the antidote of impulse purchasing. According to research, being grateful creates a sense of abundance which leads you to not subconsciously try fill emotional holes by treating yourself with gifts and accumulating more stuff.
- Evaluate your belongings
Sometimes we buy things not because we need them but because we are lured into making a purchase. Be aware of everything you own. I have friends who buy the same clothes they already own just because something is on sale. Once they get home, they realize they actually own something very similar to what they’ve bought. It might not be a lot, but you do save money by not making impulse purchases.
- Fight off temptation
When I started working and getting a little bit of extra cash, I somehow found myself subscribing to every single retail mailing list and randomly going to the shopping mall without a reason. This resulted in finding all those things I never thought I needed as essentials. Somehow your mind goes on a mental vacation imagining how the product you don’t need can be useful to you.
“We’ll have the wildest parties with this cocktail shaker” I once told myself.
The solution to this is simple,
- Don’t let your imagination divert attention from the cost and practicality of an object, nor from reality.
- Cancel all those subscriptions for promotions and forget the idea that you will save money from them.
- The saying “ignorance is bliss” is true in this. You’ll save a lot of money by being ignorant to all these seemingly amazing bargains.
- Automate your money
With great technology being introduced each day, it has become easier for us to save money without putting in much effort. This is great if you have a budget. When you receive your salary, only leave the monthly budgeted amount in your pay account and move the rest to the savings account. This way, you will not have a high amount visible on your bank balance which causes you to spend more.
- Make Quality purchases
How awesome is it that there is so much choice for almost every product that caters to every budget. As wise as it is to not buy the most expensive products, Spending a little more for better quality will likely end up saving you money in the long run because you won’t have to replace that item as frequently.