How to Buy Everything That You Need and Still save Money

How to Buy Everything That You Need and Still save Money

It can seem unrealistic to think that you could buy everything that you needed and still have money left over. Most of us find that we never seem to have enough money to buy everything and this can lead to unhappiness and debt. I could even mean that every month we are desperate for our pay check to arrive as we are not able to buy everything that we want. However, there are ways that you can manage so that you have everything that you need and still have money left, which you could put into a savings account or use to pay off debt.

Consider what you need

It is really easy to think that everything we buy are things that we need. We think that we need a cell phone, computer, Netflix, music downloads, cable TV, vacations, jewellery and things like this. However, these things will not keep us alive in the way that food, shelter and warmth will, but they are very much a part of daily life for most of us. Many of us could not contemplate life without certain things or would feel that we could not have a happy life without them.

It is an interesting exercise to just separate the items that we need from the items that we like to have but do not need. Do not be scared, I am not saying that you will have to go without all of these things, but you need to prioritise spending on the things that you need. Then you know where you can cut down on your spending. We also have different ideas about what we need and what for us, we could go without. Therefore it is a very personal choice. There may be things that you can manage without more easily than others.

Is it possible to cut down or reduce costs? This is the point where you can see whether you really want to buy everything that you spend money on. There may be subscriptions that you forgot you had, you could be paying for more cable channels than you watch, you may never have time to read the newspapers you buy, or things like that. Just think through all of the items and whether you really want them and what difference you think that it could make if you stop buying them. It can sometimes be difficult to stop buying certain items, particularly charity donations and gifts for family and friends, but it may be that if you cut them down rather than out or cut out other things instead.

It is also worth thinking about the items that you want to continue to buy and whether you can get them cheaper. There are many ways to save money on items, perhaps by switching to a different brand, a different retailer or provider, finding sales, cashback or other deals. It is worth keeping a look out for deals but also trying different brands and things to see whether you can still buy everything that you want without spending so much money.

It can actually get to be a lot of fun, hunting around for good prices and you may find that you discover new products, brands, retailers and suppliers that you were not aware of and suddenly find that they are really great and you wished you had come across them before. It is good to think of this as a challenge rather than a chore. Once you get used to comparing prices before you shop, it will be a habit and you will find it easy to do. You will also get to know where to find the best prices or value for money and so you may not need to always compare, but just change your shopping habits for good.

Focus on your goal

It is so important to make sure that you keep in mind why you are saving money. Think about all of the advantages that you will get as a result of it. Think about all of those dollars that you will gain and what you want to do with them It might just mean that you can manage more easily through the month or it might be that you will have some extra money that you can save and then as the months go by and you put more and more dollars into the account, you will be able to think about what you want to buy with it. It could be that you would like to save up towards a vacation, buy some new clothing, treat your family or put it towards gifts perhaps for the holiday season. Alternatively, it may be that you want to pay off a debt that you have, perhaps a credit card or a different loan and you could use all the spare money that you have to make overpayments on that so that you can eliminate that debt.

Having a goal is really important as it can help to keep you focussed on the task ahead. Writing it down has been shown to be a technique that leads to achieving a goal much more successfully and so this is something that you should consider doing as well. Reading that statement as often as possible, perhaps every day, will keep the idea fresh in your mind and mean that you will be more focussed on achieving that goal. You could stick it on a mirror or door that you look at daily so that you can have the opportunity to read it.

When you have to consider whether you really want something every time you spend money or spend time comparing prices, you may start to feel that you are not keen on doing this. However, if you keep reminding yourself of why it is so important and what a difference it really will make to your future, then this can keep you making the necessary effort and feeling happy about what you are doing at the same time.

Follow:

Top Five Tips Manage Your Money

Top Five Tips Manage Your Money

There are many of us that would like to save more money, but just feel that we try everything but nothing seems to work. I think that a lot of us would agree that we can easily be a week before our next pay check and be struggling to manage the money that we have left. However, there are things that we can do which will make it much easier to manage and they can be very simple and not make a huge difference to our lifestyles. It is worth having a go at some of these or alternatively using them as inspiration to try some different ideas of your own. You know what your spending habits are like and may be able to think of something more appropriate that you would find relatively easy to do which will help you to manage your money better.

Compare prices

Comparing prices is a really simple thing that we can do which will help us to spend less money. It does sound really obvious but there are many of us that shop without looking at prices. Even if we do look at prices, it may be that we always shop at the same stores and so only compare prices within those stores rather than looking at prices in a selection of stores. It is easy these days to compare prices online before shopping and this can be a really helpful way to see which are the cheapest without actually having to visit lots of different stores.

It is also possible to compare prices for things that we buy that are not sold in stores. This is everything from insurance to TV channels, electricity to loans. By researching first to see what is available and how much it costs, it can be possible to save a significant amount of money. You may feel it is just a few dollars here and there but if you add it all up across everything that you buy, even if you only save a few cents on some items, it could make a big difference overall. It could make the difference between having enough money to last until the next pay day and not having enough.

Avoid impulse buying

We all buy things impulsively. It can be easy to deny that we do it, but how many of us can truthfully say we go to a store with a list and only buy what is on it, every time we shop? Most of us will not do this and it is so easy to wander into a store, see something you like and buy it, whether it is a one dollar chocolate bar or a fifty dollar dress.

Being more aware of our behaviour and how retailers manipulate us to buy things that we do not need, will help us to stop buying things without thinking. It can be so easy to be fooled into thinking that we need things, when actually we can do very well without them. So when you are shopping always think about whether you really need the items that you are buying or whether you should think about it a bit longer before buying or just avoid buying altogether.

Keep a check on the money you have and need

It is so important to make sure that you are aware of what money you will need, how much you have and therefore how much you can afford to spend. This makes it sound rather more complicated that it actually is.

You just need to start with making a note of all of the money that you would normally spend in a month on all of your essentials and then see how much is left for other spending. It is important to know when you have to pay different things so that you can make sure that you have enough money left to cover those. If you have an expense due to leave your checking account towards the end of the month, then you will need to make sure that there is enough to pay it. You should know how much money you have coming in and so you can take away the total of essential expenses and that will allow you to know what is left to spend on other things.

Set a budget

Once you know how much money you have left after paying for essentials you will know what you have left to spend on everything else. You can then decide whether you want to set yourself a weekly or daily spending budget. This will depend on how often you spend money and in what quantities. Decide what you think will be most useful to you.

If you go out daily and spend money, then a monthly target will be sensible. However, if you only do a weekly shop, then a weekly one will be better. However, you may prefer just to keep note of the total that you have to spend and keep subtracting items that you buy, so that you have an ongoing list which will show what you have left.

Get your family helping

It can be really useful to encourage your family to help out when you are budgeting. If they spend money out of the same pot that you are trying to keep track of then they will need to aware that you are keeping careful track of spending. They will also need to note what they are spending to make sure that they do not spend over the budget.

You may decide that it will be best to give each person in the family or household their own budget to stick to or that you will control the spending completely and not let them spend anything or do some compromise on one of these. It will all depend on how much the family normally spends, what sorts of things they buy and how old they are.

It can be hard if it seems that it is your partner or spouse that is responsible for the bad spending habits. Money can often be a cause of problems in relationships so try to talk about it calmly and reasonably without getting overly emotional.

Follow: