Unfortunately, money does not grow on trees, so that means we need to be careful with our money. In times like these, with the interest rates are rising and things getting more and more expensive with no end in sight, to save us from having to make hard decisions, we need to learn how to make the money we have go further.
The good news is that we call all do this. No matter how difficult it may seem, if you stick to a few good approaches, then you will be able to stretch that dollar and eventually begin to save money. Saving money is ultimately the aim of most people. Just having a little rainy day fund for when those unexpected events occur, and they will.
Money in the pot makes life so much more manageable and enjoyable. The less we have to stress put about, the better. Life is stressful enough. So, let’s discover some ways you can make your money go further.
Minimalism
Minimalism is a way of life that helps you live more in the present moment and only keep hold of the things that add value to your life. You may wonder how this can save you money, but it can in several ways.
First of all if you intend to embrace this lifestyle in any way, then you need to declutter. Decluttering can help you turn clutter into money, and that is important. How many people out there buy things impulsivity and never use them?
Well, it’s time you turned these items into cash, and decluttered your home for a better living environment. Minimalism also teaches you to only buy what you need. It helps you curb that desire to acquire things, and this can save you money.
It also helios you stop wasting money on bad habits and toxic friends. Basically, it is a way of decluttering your life of all the things that no longer serve you, and this can save you a lot of money in the long run.
Delayed Gratification
If you want to have anything, then you really need to learn how to practice delayed gratification. This is where you either wait until you have money saved up to buy something in cash or wait thirty days and see if you have the same desire for the object you wanted. Usually, the longest of the two ways of practicing are better.
Delayed gratification teaches you how to quell your desire for things and not cave into your urges. If you have a problem with spending too much on the things you do not need, then this is what you need to do. The next time you see something online or in the shop, instead of buying it, take a photo or screenshot and wait.
If you save the money and in thirty days or more you still want it then you haven’t lost anything; if you have the money and no longer want it then you have money for something else more worthwhile. Do this enough, and you will be able to make some significant savings and maybe even be able to pay off a chunk of your debts.
Shop Around
There is no real incentive to be loyal these days. You are far better off shopping about to see if you can get the same or similar product cheaper elsewhere. This can go for everything from your gas and electricity to the internet, insurance, and your groceries.
There is no shame in shopping in a budget supermarket, especially when you can save hundreds of dollars over the course of a few months or so. There is also a great second-hand market, so why not look in thrift shops or buy and sell marketplaces online to get items that you really need?
If you need baby’s clothes, furniture, board games, anything you can think of really within reason can be bought online from someone around the corner far cheaper than brand new. If you are struggling, there is no point in being precious about things. No one is even going to know that you got that branded item for $3 from someone else.
Buy and Sell
As mentioned above, there is a great buy-and-sell community out there these days. So, it is possible for you to buy something relatively expensive for a cheap price. If you are savvy, you may even be able to sell it on, if and when you need to, at a higher price than you bought it for.
In fact you could turn this little venture into a side hustle and really start to maximize the money that you have. There are, in fact, many different types of side hustles that you could get into. If you are an entrepreneurial spirit, a side hustle could eventually lead to starting your own business. This could prove to be a valuable experience.
Money Making Opportunities
There are plenty of money-making opportunities out there. If you have any savings, then now may be the time to place them all into a high-interest savings account, for example. The rise in the interest rates doesn’t have to be all bad news. In fact, there hasn’t been a better time for savers, because of the interest rates.
Investing money is always a good plan too. If you are wise and prepared to do the legwork, meaning reading about the companies you plan on investing in and keeping an eye on your investment, then there is no reason why you cannot make some good money here too. Other ways to make some money is to not let things that happen to you slide. If a company wrongs you in some way, you should complain.
You may be able to get some money off coupons, or a free item, etc. Also, if you have been in an accident, then why not discuss it with a lawyer about compensation? Someone like a bus accident lawyer can help you get the money you need to live a better life again.