One of the biggest misconception in life (and there are thousands of them) is that saving money is hard, complicated, overly-complex and, sod it, impossible. If was anything else then everyone would be doing and they would all be rich, right?
Well, they could be because no matter where you are on your financial journey, it’s possible to turn your life around through the medium of saving. And to prove this to you, we’ve pulled together a list of simple tactics that can help you save money today.
- Don’t Be Afraid To Move Banks
In a day and age where banks do very little to earn your loyalty, why are you bothering to stay loyal? Trust us, you could benefit massively by doing some research, find out which banks offer a sign-up bonus, which have the best interest rates and then switching accounts. It’s about making your money work harder for you.
- Turn off Your TV
This may sound like pretty bemusing advice, but it will help you save a bucket-load of cash. For one, you will be using less electricity, which means a cheaper bill. But that’s just the start. If you’re barely watching TV, then you don’t need to spend a fortune on cable, nor will you be falling prey to the incessant ads, which means you’ll be saving your money too. It’s simple.
- Hoarding Is Expensive
It’s easy to become a collector of stuff you don’t want or need which, in a not so roundabout way, means you are throwing away money on things you don’t want or need. But don’t just stop doing this now, try making money out of what you have picked up over the years by selling it online and putting that money into your savings account.
- Ask For Help Sometimes
We don’t mean beg your grandparents or parents for some money because you got drunk on Friday night which meant a) you bought everyone in the bar a drink and b) spent money on clothes trying to numb your hangover. We mean ask for help when it comes to anything with financial implications. If you have a car accident, get the most out of your compensation claim by hiring an injury lawyer. If you want to know how to save smarter than you are, speak to a financial advisor. Simple things like this can make a world of difference.
- Wait 30 Days Every Time
Instant gratification has become a curse among society and one that costs people so much money. To avoid this, start using the 30-day rule and stick to it. That means waiting thirty days before you make a purchase. What this will do is remove that irrepressible urge to splurge because, after a month, that urge will have vanished. And if it hasn’t, well, you know it’s something worth buying.
- Shopping Lists Are Good
When you go shopping – whether grocery or clothes – make a list, take it with you and then stick to it. This will prevent you from making any wallet-crushing impulse purchases. Simple. I actually save a good amount at the grocery store every time I go grocery shopping by following these four tips!