Saving money is a problem for almost everyone. This is a very difficult process that requires a lot of willpower, but saving money should not be just a matter of occasionally torturing yourself. You have to save money all the time because your income constantly has to be greater than your expenses. Only then can a stable financial situation be ensured. For this to be possible, it must be ensured that saving money does not cause any torture or significant sacrifices, and there is no desire to spend what has been saved. How do you make saving money an integral part of your daily routine?
1. Set goals for yourself
Saving money is often so distressing because you want to get it all at once. People choose very drastic and strict austerity plans, which really require very serious sacrifices. If money is urgent and it is a temporary austerity plan, then this method will work, but if you want to make saving a part of your daily routine, you need to set very realistic goals.
For example, if you have been living from pay to pay or have taken out quick loans regularly to close your budget gap, it is unlikely that you will be able to save a hundred euros a month or more in an instant. For this to happen, you have to change your life drastically and this is where the problems begin, because you cannot command yourself to change at a glance. If you really want to make savings in the long run, set achievable goals such as saving twenty euros a month (or any other amount you think is appropriate for your situation), and also set small sub-goals, such as cut bills, save a certain amount on food, etc. to facilitate this process.
2. Reward yourself for your small goals
To make saving even fun and exciting, you can reward yourself every time you reach the small goals you’ve set for yourself. For example, if you managed to cut your electricity bill by five euros, you could afford to buy something delicious or go out there for fun. If you do not reach your goal, you should not pamper yourself.
It really helps to motivate yourself to save all the time. Note, however, that wages should not cost more than savings. If you reward yourself with tens of euros worth of entertainment for every five euros you save, there will be no more savings. Find ways to reward yourself without wasting money.
3. Choose automatic transfer for your savings
The hardest part of saving is seeing that you have money in your account to afford everything your heart desires, but you can’t spend it, so you need to create a separate savings account and transfer it to you before any other spending. It is best to choose automatic transfer so that as soon as your bank account receives monthly earnings, a portion will be transferred to a savings account.
If the money is not available all the time, you will not be tempted to spend it and will have to dispense with the amount of money left in your bank account after the transfer. If you do not want to create a separate savings account, at least withdraw the cash from your account and put it separately.
4. Don’t pay so much attention to detail
One of the most common money-saving tips is to give up various small purchases, as they can make quite large amounts together, but this type of saving can seem very restrictive.
The eternal abandonment of what makes you happy can seem very distressing, and the savings on the overall background will be quite small. Yes, stuff can cost tens of euros a month, but it makes you feel good every day. Moving to a cheaper place, on the other hand, can save you up to a hundred euros a month, and will be inconvenient at the very beginning. Getting a smaller home or living with someone can quickly get used to and the savings will be significant.
5. Save on things that don’t lower your quality of life
Finally, if you want to make saving a part of your life, not just a temporary experiment, you need to master the art of finding ways to save effectively without sacrificing your quality of life. This means looking for ways to cut down on things that waste money unnecessarily.
If you think you are not wasting money and every cent you spend is well spent, think a little harder. For example, have you never had to expire food that has expired? If you plan your meals efficiently, you can avoid having to throw your food in the field and save on it. Also, think about always switching off all electrical appliances completely and not turning on household appliances when it’s not needed? There are many examples of where money is wasted, you just have to understand what all this applies to you.
Saving doesn’t have to be very difficult
There are a variety of ways to make it simpler, so you won’t want to quit saving quickly by hand. If you have not managed to save in the long run, follow all the above tips and you will see that saving over time will seem like a natural habit rather than a deliberate self-torture.