It has been said that money is easily one of the greatest tools in life. It has the potential to alter your lifestyle, your freedom, your life events, how you raise your family to everything in between.
The sad thing however is that money can often be whittled away, spent on useless and mundane daily objects that seem to drive us to consume and in turn lose all of our money saving progress.
Money Saving Tips
While the way you use your money is totally up to you, it has been said that ‘conscious spending’ is the best method of saving money. It means you spend less on things you don’t enjoy and more on the things you do. Quite simply – you minimize the amount of money you spend on things that don’t give you pleasure to maximize the amount of money you can use for things that actually benefit you.
It’s called moving money into the ‘pleasure zone’. The concept is basically addressing the fact that life is too short, so why spend so much of your hard earned money on things that do little to bring satisfaction? Why start saving money only to use it on things you don’t want?
This concept is not a selfish one, it simply looks to ensure that you are consciously using your money to better your own environment or person. It’s about making sure your spending patterns fit your real wants and desires – not those of a marketing company.
Money management using these saving money tips
When did you last sit down and ask yourself, ‘what is it that I want from life?’. It may sound a bit out there, but without knowing exactly what you want from life – how can you work to save money in order to get there/feel that way?
You need to be careful not to become an unconscious spender, someone who is compulsive in their spending. They are people who simply are not aware of where it is their money goes between pay cheques.
They are also often the first to look for money saving tips to help them.
Top three money saving tips
So want to know how to better manage your cash flow? Here are the top three saving money tips that will greatly help you in becoming a conscious spender and in turn, money saving expert.
Live within your means
This means not spending money you don’t have. Avoiding credit, living for the now but doing so in a modest yet fun way without extravagant spending. It’s about living now, while future proofing your finances against bad debts and what not for later on.
You control your financial future
It’s all about moderation. Don’t starve yourself to save money; opt instead to be better prepared for your financial future by making small but powerful decisions along the way. Saving money for your future is not a nice to have – it is a necessity that you must factor for.
Have fun in doing so
Money saving tips are great and all, but it’s important to remember that you only live once. Have as much fun as you can, look to live for the now and just try and avoid dumb financial decisions along the way.