In the age of instant gratification, it can be challenging to force yourself to save for long-term goals. We all want to access the things that we desire right now, not wait five years until we can afford to place a deposit on a house or buy a new car.
While you might never be able to overcome the impulse to spend from time to time, you can put strategies in place to improve your chances of saving in the long-term. For instance, here are some easy ways that you can improve the amount you save on a daily basis.
Carry Snacks and Water Wherever you Go
You’d be surprised how much money you spend on things like snacks and drinks when you’re out and about in the world. Even though you’ve got plenty of food waiting for you at home, it’s easy to grab a sandwich when you’re on the road, and you can’t quite wait until you retire for the day to eat again. However, you could be wasting thousands of dollars a year this way.
Keep some portable snacks with you in your car or in a purse when you’re out of the house, and you’ll save a small fortune. Don’t forget to carry water too, so you can keep yourself hydrated. Often, we overspend on food when we’re just thirsty.
Use More Coupons
Vouchers and coupons aren’t as outdated or old-fashioned as they seem. You’d be surprised how many coupons go un-redeemed these days. People are so rushed that they feel as though they don’t have time to search through newspapers and magazines looking for deals. The good news is that there are quicker ways to get the money-saving opportunities that you need.
For instance, you can download an app onto your computer browser that automatically tests available coupon codes for you every time you go through to a checkout page online. There are also similar application available for your smartphone too! You could save a fortune without any extra effort at all.
Don’t Make Luxury Purchases Instantly
Although instant gratification is appealing, it’s not always a good idea to seek out an opportunity to borrow money every time you want to make a big purchase. Though there will be times when a loan from somewhere like HappyPenguin is necessary to help you get the things you need, take some time to think the purchase through first. Take between 2 weeks and 30 days to make every big financial decision – depending on how long you have before an offer runs out.
If you’ve only got a matter of days, leave it until the last minute to make your decision. Take the time to think on the positives and negatives of spending that money. The chances are that you’ll forget all about unnecessary purchases.
Have More Nights In
Every month, we all spend a lot of money on looking after our houses. We’re paying for gas, electricity, rent, and other expenses – so why not make the most out of the space you’re paying for? Instead of going out when you want to have fun, invite your friends over and have a night in instead. You can work together to cook a delicious meal, ask people to bring board games or movies, and enjoy the freedom of having all your own creature comforts with you when you need them.
Having a night in might not sound as exotic as going to a new bar or restaurant, but it can be just as fun, and a lot less expensive too! Give it a try by replacing one night out a month with one night in to begin with.
Buy More in Bulk
There are some things that you don’t need to buy in bulk. However, if you’re constantly spending a fortune on things like paper towels and laundry detergent every time you go shopping, now might be the perfect time to switch to bulk buying instead. You could save a lot of money this way, particularly if you look for deals online before committing to the purchase.
When you are buying in bulk, remember not to get caught up with things like brand names either. Most of the time, the store-own solutions are just as good, and they’re a lot less expensive. Try comparing the ingredients on the item you want to buy with those in the next most expensive brand. The chances are they’ll be the same.