Practical Tips on How to Stop Spending Money
I love Pinterest! I love getting new recipes and other ideas. This time of year there are tons of pins that talk about saving money- how to save $5000 this year, save a $1000 emergency fund or other money saving challenges. I bet half the people out there have some sort of plan to save or spend less every new year. I know you’ve seen these articles too and many sound great.
Most tell you to stop buying coffee at the coffee shop and just make a cup at home. Another tip is don’t go grocery shopping on an empty stomach because you’ll buy more while hungry.
I know you’ve heard those and seen calculations. If you save the money from the coffee, you’ll have save over $1000. Sounds nice, doesn’t it.
Here are some real life tips on actually not spending the money!
Ask yourself, “Do I really need this?”. For example, our drill broke and we use about six times a year. Right now my husband and I are working hard to save money for our summer vacation.
- Do I buy a cheaper drill?
- Do I buy the more expensive drill that I really want?
The question really is-
Can I live without this right now?
Can I just use a screwdriver or borrow a drill this time? You may realize that a screwdriver works fine. Yes, a drill would be nicer, but do you actually need it. In fact, you could go an entire year without needing to use one!
My kids are always telling me they need more pants or shirts. I wrote a post on the KonMari Method (I’m sure most of you have heard about this) and after changing a few things, we realized they didn’t need anything. They just couldn’t find what they were looking for.
There will be things you need- gas, tires, insurance, food, etc. However, most things you really don’t need. Wait three days before you click that ADD TO CART button on Amazon.
Here are some Practical Tips on How to Stop Spending Money
*Buy groceries online using your list.
I use Walmart Grocery. If you’ve never used it, you get $10 your first order here and it’s no additional cost to use. I know people like to pick out their own meat and fruit, but try it once. I’ve had good luck and you could be really surprised.
*Don’t go to stores like Target or Walmart until you need at least 5 things. You can spend a fortune just running into bigger stores.
*Wait three days to buy to make sure you really need it.
*Unsubscribe from emails from stores like Kohls, Bed, Bath & Beyond, Ulta, Shutterfly and PetSmart. Out of sight, out of mind. Just seeing these makes you want to shop.
*Unfollow businesses and hide friends that make you want to buy. Example- friends that sell products or just showing off new boots, cars and other items.
*Do NOT subscribe to subscription boxes like Fabletics and Stitch Fix. It’s awesome to get them and it’s like getting a gift, but they are a waste of money and you will spend money on items you don’t need.
*Buy pet supplies online from a place like Chewy.com so you can set up autoship. You get a small discount, save on gas and it stops you from picking up other items you may not need at the petstore.
*Use the cash method. When it’s gone, it’s gone.
What tips do you use to stop you from spending money? Comment below so people can see it!
You may like this article too.