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Best 3 Ways To Save Money Fast
Posted: Aug 14, 2020
It’s easy to save money!
When you have a decent salary, lots of money coming in, loads of savings and no debt. It also helps when you don’t have kids with expensive hobbies and a double income.
But hey, how many of us are living that blissful financially worry-free existence?
Not many, I bet!
But saving money can be easier than you think, you just need the correct strategies to implement and the right mind-set. It takes some effort and a lot of graft. But once you get started you won’t be able to stop. Your bank manager will love you and so will your wallet!
Get BudgetingThis one may seem obvious, but it really makes the world of difference. If you really want to save more money you need to be able to track every dollar you have coming in and out. Its the only way to stay on top of your finances, and grow your wealth.
So many people get scared by the word ‘Budget’. It seems to have such negative connotations. But really it’s just a means to be financially organised. And it doesn’t need to be complicated at all.
In fact, the hardest part is determining all your outgoings. Once you have this nailed, the rest pretty much falls into place. And if you’re doing this for the first time, be prepared for a shock when you see what’s actually leaving your bank account every month.
Write everything down and organise into categories. Then you can balance your income with your monthly expenditures. If the equation doesn’t balance then you may need to fetch the scissors. Because something will need to be cut.
It may be that weekend visit to the club where you spend a small fortune on alcohol. If you’re a ‘5 drinks a night’ sort of person, consider reducing it to 2. This is also better for your health, and you might live longer to enjoy all the money you will save.
Don’t think of budgeting as cutting out all of your fun. But rather, a way to have more fun for longer by being smart.
CashbackI am a massive proponent of cashback. its such a wonderfully simple concept and the best thing is, it works!
You can sign up for any reputable cashback service and whenever you make a large purchase get a small percentage of what you spend back. The cashback provider shares a proportion of the commission they earn for referring you as a customer. it really is a win-win.
Don’t go spending money just to earn cashback, that doesn’t work. But making a conservative effort to use cashback every time you spend will really see your savings take a jump in the right direction.
Offers and CodesIf you’re not already doing this, then start now! Paying full price for anything is the worst-case scenario when making a purchase.
Not always, but usually, you can find and coupon code or offer to get a price reduction. And you should always search out for some sort of offer before you hit the buy button.
I use the Honey browser extension because it does all of this for you. And in the past, I have saved $100’s in the process.
We all have to spend money, but the less we spend, the more we can save. And at the end of the day, that’s what it’s all about.
Saving money is easier when you play it smart and act savvy.
Find out more amazing ways to save money fast, and watch your bank balance grow in the right direction.
Hey, I’m Chris. I will help you to make money, save money, and think about money in a way that will give you back your freedom. www.lifeupswing.com