We all love the idea of saving money but let’s get real, when you are living paycheck to paycheck; saving money is not always something that we prioritize. Oftentimes, saving money is just an endless promise that we keep making but end up breaking. And we all know how nerve-wracking it is to keep stressing out over money. Thankfully, you can still take control over your spending and start saving with the help of these money hacks that’ll trick you into saving more money.
These painless ways are certainly possible even if you are living on a fixed income, they are simple, very easy to implement and it’s almost as if you are not sacrificing anything. Read on to see the list.
Do small savings transfers
Set your account where it automatically transfers a small amount of your paycheck to your savings account. This is one of the best ways to save money consistently. It doesn’t have to be big, it’s important to choose an amount that you’re comfortable with – that way you won’t feel it as too much burden. So, whether you receive your paycheck monthly or weekly, make sure that a small amount of it goes directly to your savings; that way you won’t be tempted to spend it somewhere else.
Keep the change
Whenever you come home from work or after a fun night out of town, take whatever change you have and toss it into a jar – you can put your old cookie jar into good use. If you find any change lying around the house or change that you find in your pockets while doing laundry, be sure to toss it into the jar and before you know it, you’ll have a jar full of savings.
To get more creative, you can also label your cookie jars with things that you are planning on buying, this will get you more motivated.
Pay yourself first
You need to stop thinking of savings as an optional activity, instead try making it as one of your priorities; like making it as one of your monthly bills. So, when you are writing down all your expenses for next month, like rent or utility bill, add savings as a part of your list. This will ensure that no matter what happens, you will certainly hit your savings goal. Plus, it will help you learn to make do with the money that you have left and avoid unnecessary spending.
Start a Competition
If you love the thrill of competition, then this will certainly work for you. Get a savings buddy and create a savings competition. Both of you will decide on your savings parameters and see who can stick to the plan the longest or who saves more money in a specific period of time. The thought of competing against someone will fire you up and will give you to motivation to start doing it.
Weed out wants from needs
Impulse buying is one of the greatest enemies of saving money. It’s one of the easiest ways to blow money that you should have saved. So, the next time that you have the urge on buying something that you want, control yourself and give yourself enough time to think. Try to give yourself 24 hours, or 48 hours if it’s a really large purchase. This will help you think rationally if you really need it or if it’s really something that is worth spending your money on.
Have a no spend day
Challenge yourself to not spend any money for a day. This means, you have to bring your own lunch and make your own coffee at home and avoid any unnecessary spending. Once you get the hang of it, you can start doing it three times a week; you will certainly be surprised to the amount of money that you will be saving.
And since you are cooking your own food, this will help you make healthier choices instead of eating out. So, this trick is certainly a win win!
With the help of this 6 money hacks, saving money will no longer be a difficult task. These tricks will certainly make your life so much easier. Just remember, that consistency is always the key. Make these tricks a habit and you will surely have a successful savings plan. Go ahead and give them a try!
Do you have any tips that you would like to add? Let me know in the comment section below or send me an email, I would love to hear from you!