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As I said all the time, saving money is not a piece of cake. If it was easy, everyone would be doing it now. In fact, most people choose to spend every last penny and enjoying life to the maximum. And then their money rapidly melt away like a snowflake in the sun.
If you’re trying to save money instead of spending it, then you’re in the right place. Below are some effective ways that can help you to reach your goal
1. The pleasure of spending money will fade fast
Let’s take a look around your home and see how many things you’ve bought in the past that you soon got bored with. A lot, isn’t it? Wouldn’t it be better to have all that money still in your bank account, rather than getting hang at the back of your wardrobe to gather dust?
Therefore, the first step you should take if you want to save money instead of spending it is being aware of the excitement of spending money soon dies off.
2. Have fun with saving
When you move from spender to saver, you will find that watching your saving account grow every month can become far more enjoyable than the things you bring home from shopping.
Why? It helps you sleep tight at night, knowing that you’re well prepared for any surprises that life may throw at you. Moreover, the bigger your saving account increases, the more you can start to think about guilt-free vacations, or buy your first house.
3. Pay yourself first
Don’t not save what is left after spending but spend what is left after saving. Every time you get paid, put an agreed amount into your savings account right away.
4. Avoid temptation
Have you ever been in this case: you really don’t need to buy new clothes but when you walk by a store, you see a beautiful stunning dress and then you just end up buying it? I did, and I know many of us have been through it.
So, if you’re working how to save money instead of spending it, then don’t tease yourself by going “window shopping”.
When you do go to the shops, write a list you really need to buy in advance and stick to it. Don’t be fooled into additional purchases.
5. Make a game out of it
Instead of seeing your budget as a bully telling you what you can and cannot do, try looking at it as a personal challenge.
Challenge yourself like don’t buy a single new thing or pack your lunch everyday this month. Then, put all the money you would have spent on new items or food into a saving accounts.
See, it sounds interesting, doesn’t?
6 . Make more money
Lastly, saving is a great way to get ahead but you should consider spending some time to start a side hustle that earns you extra money.
Or you can invest in things that will earn you more money than you had before. Money can grow, you know!
As you can see, there are tons of ways to save money instead of spending it out there for you to choose. All you need to do is select some of them and take action today! Your future self will thank you for that.
