Two of the most valuable things we have are time and money. We never get the time we waste back, so spending it wisely and productively is important. Money can come and go, but if you’re looking at this from a business perspective, the way you handle it is very important. Even if you’re looking at it from a working home owner’s perspective, it’s important! This guide is going to go into detail about how you can save time and money every day. The tips here can help just about anybody, whatever the situation to save time and money. Take a look if this is something you feel you need to do!
Have A Date With Your Money
Treating your money like it’s important to you is, well, important. You should make a weekly ‘money date’ and commit to sitting down with it to assess your budget, review your accounts, and take a look at any progress you may be making towards your financial goals. You need to look at it like an important relationship, so if you want it to improve, you need to make sure you’re spending time with it.
Plan Your Meals Out For The Week Ahead
Make sure you’re taking a few hours each weekend to plan your meals so you can have a successful grocery shop for the week. Eating out is one of the most expensive things you’ll spend your money on, so if you do it regularly there’s one area you could be saving a ton of cash straight away.
Cancel Your Cable
With things like Netflix and Amazon prime, you don’t really need your cable TV anymore. You can watch them using these streaming services for a fraction of the cost.
Drink Your Coffee At Home
Ah, coffee. What would we do without coffee? Having fancy, organic coffee at your favorite coffee shop can be a great treat, but you shouldn’t be doing it too often. Not only are you spending around $5 each day, which really adds up, making it yourself at home will save you time. Cut it back to a few days a week if you can.
Wait Before You Buy Anything
So, you’ve spotted something you want to buy. You should never buy it straight away. Waiting at least 48 hours before you buy will help you to assess whether this would have been an impulse purchases or something that you really wanted to own. We can get anything we want with the click of a button, and because of this ‘spending’ doesn’t really feel like spending these days, because we’re not handing over any physical cash. If you can wait even longer than 48 hours, like a week or two, then that’s even better.
Assessing whether something is a want or merely a need is really important. Working towards being more mindful with your spending is key for a healthier relationship with money.
Invest Money Where It Matters
Just because you’re trying to save more money doesn’t mean you shouldn’t be spending any at all. You should still be spending money where it matters and investing it in the right places. For instance, you can work on training at things if you head to www.ej4.com. Improving your skills and becoming a better, more productive person should be a priority of yours.
Outsource Work Online
Time is precious, and these days, you can outsource pretty much anything using the internet. However, you need to make sure that outsourcing is going to be worth the expense for you. You can do this by working out the cost of your time, and then you can figure out whether you’ll be able to pay somebody to do something for less than your usual hourly rate.
Always Go For Quality Over Quantity
You need to make sure you’re going for quality over quantity each and every time. This can apply to everything in your life, including food, clothes, electronics and so much more. It can be tempting to choose a budget friendly version of something you want to buy, but this can mean buying again soon down the line, so you have to consider the bigger picture. If you save your money and purchase the best quality product that you can afford, your things will last longer and work better for you.
Develop A More Balanced Mindset
Having a more balanced mindset towards your attitude to spending is a must. Most people have fear of missing out, or even the ‘you only live once’ mindset. We see the lives of others on social media and instantly think that our lives should be like that – but people only see what they want us to see! It’s more important to make sure you’re making the most of each of life’s precious moments.
Outline Your Financial Goals
If you haven’t outlined your financial goals, you realistically won’t know where you want to be in a year or more. You can’t make your goal too vague. You need to have an idea of how much you want to have saved up, and how much you’ll need to put to one side each month to reach your goal. Having targets will keep you focused far more effectively.
Stay Focused On Your Goals
Make sure you have a constant reminder of your goals. Your goals will take determination and discipline to achieve, so don’t assume that by any means they are going to be easy. Saving can be pretty exciting and even easy at first, but after a bit you’ll likely lose the motivation you had and spend money on other things. Don’t let this happen!
Keep Track Of Your Progress
You don’t have to put a huge chunk of your money away each week/month as long as you’re saving something consistently and that you’re comfortable with it. Even a very small percentage is better than nothing at all. When you’re in the savings habit, you can then think about increasing your percentage.
Are you ready to save time and money using this advice?