One of the reasons so many of us struggle to cut our costs is that we try to go cold turkey with the idea. We equate spending less with not spending at all, so it’s no wonder we soon grow out of love with the notion.
While complete self-denial is a great tactic for people with impressive self-control, it isn’t very gratifying, and for those of us with only a normal amount of willpower, denying ourselves the things we enjoy until we’ve saved what we need and settled our debts is almost akin to saying we just can’t have fun anymore. It’s not going tot last.
So, how do you find a happy medium between not breaking the bank and successfully stockpiling some cash and not denying yourself completely? Here are a few top tips you might find useful.
Set yourself a monthly spending limit
We know it sounds kind of obvious, but how many people do you know who actually sit down and calculate how much they need to set aside each month? We’re guessing the answer is “not many”, but it’s time to buck that trend. Spend a few hours working out how much of your wage realistically needs to be put to one side for repaying your debts and covering your basic costs, and once you have this figure, subtract it from your monthly income. Whatever is left equates to the amount you can safely spend on yourself and the things you enjoy – exceed it at your peril.
Shop around for the best prices
Again it sounds obvious, but it’s time to put the theory into practice, so the next time you need to buy something pricey, spend a few hours looking around online and comparing prices. It’s amazing how much you can save on that pair of trainers you’ve been eyeing up or the handbag you’ve been lusting after just by considering your options and choosing wisely. And remember, if you can’t find what you want at a price you can afford, don’t buy it regardless – wait instead. There’ll be a sale eventually.
Keep an eye out for special offers and promotions
Another easy way to save money is by keeping an eye out for special offers and promotions. The commercial sphere is incredibly competitive, especially so online. Almost everyone is trying to ensure their prices are the lowest around – after all, there’s no better way to attract new business. This means you can save money on almost everything simply by staying vigilant. The casino industry offers a perfect example of how this works, with dozens of bonus games, free slots spins, and other lures to draw people in and gain their custom – good news not just for casinos, but for their savvier clients too. The same can be seen all across the retail sector, so make sure you always get the most for your money.
Take advantage of loyalty card schemes
Last but not least, sign up to just about every loyalty card scheme out there. There are many fantastic ones to choose from that will reward you for your repeat custom by giving you some really great treats. These include everything from discounts and gift cards to members only pricing and more, which means it’s well worth taking advantage. It’s no surprise that 80 percent of Americans are enrolled in loyalty schemes already.
Tell us, isn’t it time to review your spending habits and change them for the better?