If you’ve always been the type to seize every opportunity to go out of town, go shopping or eat out in the most expensive restaurants, then saving your money may be a challenge for you. But that doesn’t mean that you can’t do it. All it will take is your determination and some lifestyle changes that you have to stick to from here on out.
How to do it
But whether you’re a fresh college grad with his first job who just want to save money for a rainy day or an adult who has never really thought about saving money, then this is where you start. Drop your credit card and ready your piggy banks, because you are about to build your savings.
Turn off Electronics. One of the easiest ways to help yourself save money is to turn off your lights and other electronics whenever they are not in use. Not in the room? Lights off. Done watching TV? Turn that thing off. Some electronics go on standby mode when turned off. To help maximise your electricity savings, unplug these appliances when you’re going out for the day or before going to bed.
Sell your stuff. This is for the collectors out there who put out a lot of money on their collection. Usually, figure and game collectors are most affected because upon release, the games and the figures are sold at a high price with a lower resale value later on. Trade your old games for new ones and sell some of your unwanted collectables online or in a yard sale to help you get a kickstart to your savings. You can also do this with some of your unused clothing and appliances at home.
Quit your vices. Vices are costly whether it's smoking or drinking booze every weekend with your mates. They can be horrible for you in the long run, and cutting them out from your life will not only be better for your pocket but your well-being as well.
Do your research on appliances. A lot of appliances these days cost a lot, but spending a significant amount now can mean greater savings later on. If you have your eye on a new dishwasher or other appliance, take your time to do your research on its durability and how well it works. A lot of websites offer reviews, and online shops can also provide insight to the product’s overall quality. A bit of research can help save you the headache of having to buy a new one every few years or so.
Buy used whenever you can. If you need some new stuff like clothes or plates for your house, thrift shops and discount stores are your best bet to get these items at a much lower price. Other things you can pick up at these stores include games, game accessories, and DVDs among others.
Prepare your meals. A lot of people skip preparing their meals because they are running late for work or just find it too stressful altogether. Make some time to make yourself a meal plan for the week. Not only will this be more cost efficient, but healthier as you can keep track of what ingredients are used to prepare each dish.
These are just some of the first steps you can take to get a head start on your savings. In two to three weeks, you’ll see a significant change in your bank account, and you’re going to feel so much better about it. Now you can keep some money for a rainy day, and have enough left to treat yourself out to some excellent food once a month or two.