Saving money doesn’t have to be a tedious uphill climb. There are ways to save money faster – I love these saving methods since it means I can see my savings account grow quickly. And that gives me satisfaction and the encouragement to keep saving. In this article, I’ll be showing you simple ways to save money fast.
Recalibrate Your Spending Habits
Before I show you how to save money fast, I need to mention that you will have to change your spending habits. I can teach you how to save up money, but unless you stop making impulse purchases, or lose track of how much you’re spending, you won’t be able to save as much money as you’d like to.
The reason for that is simple: we’ve been conditioned to become shopaholics. Spending money is its reward system. But unfortunately, that also gets in the way of building a decent nest egg… and at worst, it puts us in debt.
So when you decide to save money, you will also have to make some sacrifices. That means cutting out non-essential purchases, and overall, being more mindful about how you spend your money. This is, without a doubt, one of the best ways to save money. With that out of the way, read on to learn about my top easy ways to save money!
See It, Imagine It, Believe in It
Visualization is a key skill when trying to achieve something – whether it’s learning a new skill, doing better at work, becoming a better person, or saving money. When you see something clearly in your mind, your goal becomes more reachable.
The best way to save money fast is to believe that it can be done. Saving money shouldn’t be this abstract thing that we may or may not work towards. And to make your goals more concrete, you need to have specific goals to work towards. And, most importantly, you need to believe that it can be done. When you foster the belief, that will help you make your goals a reality.
Don’t Chase Trends
I mentioned earlier that we are conditioned to keep spending our money. That is pretty apparent when you look at advertising. Every month, every season brings a fresh batch of new things to spend our money on. It could be a new mobile phone, new clothes, or new sneakers. Whatever it is, companies prey on our FOMO (fear of missing out) and encourage us to spend money to stay abreast on trends. But the truth is, we don’t really need to spend all that money.
Instead of throwing money at the endless succession of trends, why not foster an attitude of contentment? When we’re happy with what we have, we don’t have to spend as much money trying to keep up. And what we don’t spend, we save.
Learn How to Maximize What You Have
One of the ways to avoid spending is to get as much use out of the objects you already have. For example, getting work-related clothes used to make a huge dent in my budget. So I got items with multiple uses. I have a couple of jackets that work both for casual and smart-casual purposes. That and other pieces of clothing are good to use whether I’m out with friends, or meeting a client for an upcoming project.
This also applies to the longevity of the stuff you own. Instead of getting something cheap, it might be more economical in the long run to get a slightly pricier counterpart. I know this post is about saving money, but you get more use out of something, that can be considered savings, too.
Use Cash When Spending
This is especially important in this day and age because money has become increasingly digital. There are credit cards, of course. Debit cards are also a thing. Plus, there’s PayPal, cryptocurrency, and all sorts of digital payment platforms. It’s become easier than ever to spend money without it feeling like you’re actually using real money.
And when money becomes abstract like that, it becomes easier to overspend. Which is why I recommend you only use cash, when possible. When you use cash, you have a clearer idea of how much of it you are spending. And when you’re more aware of the money you are spending, it becomes a bit easier to control spending and increase your savings.
When Necessary, Declutter
A lot of us will have rooms, shelves, boxes, and garages full of junk that we no longer need. And yet, we hang on to them for one reason or another. But the stuff we own ends up costing money. They require maintenance or take up space that could be better used for other things. I had a spare room full of old clothes, but I cleared that space and turned it into a home office. Now, instead of being a cost sink, that room is now a money-generating space.
And there’s the emotional cost of having so much stuff as well. The junk we accumulate demands our attention, even if we’re not actively using them. This can cause distraction and even stress. If you have lots of junk you no longer use, don’t be afraid to cut ties with them and sell or donate them. If you sell them, you could end up having a windfall – which should go to your savings account, of course.
Get a Side Hustle
I’ve learned that the fastest way to save money – is to earn money! Luckily, there are tons of ways to earn money to supplement your income. If you’re looking for odd jobs, you can check out sites like PeoplePerHour and Amazon Mechanical Turk. Those platforms offer all sorts of side gigs, from data entry to audio transcribing to walking dogs. If you have a bit more time, you can also try Amazon Flex, which will pay you to make deliveries for them.
Finally, you can try rewards sites. These sites pay you to do easy tasks, like answering surveys, watching videos, and completing offers. GrabPoints is my favorite because they’re the highest-paying site on the planet, plus they process payments in 48 hours. That’s super-fast and enables me to plan my budget better.
Recalibrate Your Spending Habits
Before I show you how to save money fast, I need to mention that you will have to change your spending habits. I can teach you how to save up money, but unless you stop making impulse purchases, or lose track of how much you’re spending, you won’t be able to save as much money as you’d like to.
The reason for that is simple: we’ve been conditioned to become shopaholics. Spending money is its reward system. But unfortunately, that also gets in the way of building a decent nest egg… and at worst, it puts us in debt.
So when you decide to save money, you will also have to make some sacrifices. That means cutting out non-essential purchases, and overall, being more mindful about how you spend your money. This is, without a doubt, one of the best ways to save money. With that out of the way, read on to learn about my top easy ways to save money!
See It, Imagine It, Believe in It
Visualization is a key skill when trying to achieve something – whether it’s learning a new skill, doing better at work, becoming a better person, or saving money. When you see something clearly in your mind, your goal becomes more reachable.
The best way to save money fast is to believe that it can be done. Saving money shouldn’t be this abstract thing that we may or may not work towards. And to make your goals more concrete, you need to have specific goals to work towards. And, most importantly, you need to believe that it can be done. When you foster the belief, that will help you make your goals a reality.
Don’t Chase Trends
I mentioned earlier that we are conditioned to keep spending our money. That is pretty apparent when you look at advertising. Every month, every season brings a fresh batch of new things to spend our money on. It could be a new mobile phone, new clothes, or new sneakers. Whatever it is, companies prey on our FOMO (fear of missing out) and encourage us to spend money to stay abreast on trends. But the truth is, we don’t really need to spend all that money.
Instead of throwing money at the endless succession of trends, why not foster an attitude of contentment? When we’re happy with what we have, we don’t have to spend as much money trying to keep up. And what we don’t spend, we save.
Learn How to Maximize What You Have
One of the ways to avoid spending is to get as much use out of the objects you already have. For example, getting work-related clothes used to make a huge dent in my budget. So I got items with multiple uses. I have a couple of jackets that work both for casual and smart-casual purposes. That and other pieces of clothing are good to use whether I’m out with friends, or meeting a client for an upcoming project.
This also applies to the longevity of the stuff you own. Instead of getting something cheap, it might be more economical in the long run to get a slightly pricier counterpart. I know this post is about saving money, but you get more use out of something, that can be considered savings, too.
Use Cash When Spending
This is especially important in this day and age because money has become increasingly digital. There are credit cards, of course. Debit cards are also a thing. Plus, there’s PayPal, cryptocurrency, and all sorts of digital payment platforms. It’s become easier than ever to spend money without it feeling like you’re actually using real money.
And when money becomes abstract like that, it becomes easier to overspend. Which is why I recommend you only use cash, when possible. When you use cash, you have a clearer idea of how much of it you are spending. And when you’re more aware of the money you are spending, it becomes a bit easier to control spending and increase your savings.
When Necessary, Declutter
A lot of us will have rooms, shelves, boxes, and garages full of junk that we no longer need. And yet, we hang on to them for one reason or another. But the stuff we own ends up costing money. They require maintenance or take up space that could be better used for other things. I had a spare room full of old clothes, but I cleared that space and turned it into a home office. Now, instead of being a cost sink, that room is now a money-generating space.
And there’s the emotional cost of having so much stuff as well. The junk we accumulate demands our attention, even if we’re not actively using them. This can cause distraction and even stress. If you have lots of junk you no longer use, don’t be afraid to cut ties with them and sell or donate them. If you sell them, you could end up having a windfall – which should go to your savings account, of course.
Get a Side Hustle
I’ve learned that the fastest way to save money – is to earn money! Luckily, there are tons of ways to earn money to supplement your income. If you’re looking for odd jobs, you can check out sites like PeoplePerHour and Amazon Mechanical Turk. Those platforms offer all sorts of side gigs, from data entry to audio transcribing to walking dogs. If you have a bit more time, you can also try Amazon Flex, which will pay you to make deliveries for them.
Finally, you can try rewards sites. These sites pay you to do easy tasks, like answering surveys, watching videos, and completing offers. GrabPoints is my favorite because they’re the highest-paying site on the planet, plus they process payments in 48 hours. That’s super-fast and enables me to plan my budget better.
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