Smart Ways to Save Money for Spendthrifts

05 May, 2017 5632

When there are bills to pay, and you are running short of money is a situation that every college student deals with for at least once in life. The money management is one of the biggest concerns that needs our attention. How about if you get to know a few money-saving hacks that might help you snap out of the ‘cash crunch’ concerns? Learn to save money if you want money to save you at the time of need. Let’s get started!

Train Yourself to be Patient

Never buy things in haste without considering their long-term usage and cost. Have patience and wait for the offers and discounts to come. It’s always good to do research before making a final purchase as it helps you to get the better product and that too at an affordable price range. Always remember- ‘ A penny saved is a penny earned’. So the next time you plan to shop for something, make sure you check out a few stores before spending your hard-earned money on it. Never squander your moolah on the things that are not worth buying and don’t solve the purpose. Have patience and take a prudent decision.

Stop Chasing Brands Every Time

Are you brand conscious? Do you love flaunting them?Don’t you think twice before shelling out money for a high-priced product? Well don’t buy things to impress others. However, if you’re going to buy a long-term investment product, for instance, a laptop or a cell phone, then surely you must go for brands. But if you just need to purchase stuff like charger, headphones, adapters, then you can certainly find these items at a reasonable cost from the local markets and stores as well. Save a significant amount of money by identifying what needs not to be bought from a swanky branded store.

Curtail Your Spendings on Eating Out

Who doesn’t like going out with the bunch of friends for sharing meals over laughter? There’s no harm in going out and having fun with your loved ones, but if it’s happening frequently, then you must control your habits of eating out every now and then. Needless to mention, there are genuine reasons for not dining out. First, it’s expensive and second; it’s less healthy. So, from now onwards give yourself a healthy treat at home without splurging your money on the luxury of dining out routinely.

Weekly Challenge Works the Best

Haven’t we heard of the adage- ‘little drops of water make the mighty ocean’? Save a little amount of money by setting a money-saving target for a week. Decide a fixed amount which you want to save till the week ends and give your all to adhere to it. You will be surprised to see the results. Many a time, challenging your own self works wonders.

This blog cannot be concluded without quoting Warren Buffet - ‘Do not save what is left after spending, but spend what is left after saving’. So, how many of us are going to keep it in mind? If you think reading this post was helpful to you, then don’t forget to share it with others.

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