10 Smart Ways to Save Money AND Transform Your Life

Written by on January 24, 2017 in Economy with 0 Comments

401(K) 2012 –
Save Money
Saving Money | Flickr

By Martin Snepp | Huffington Post

Most people would like to have more money. Whilst earning more money is sometimes out of your control, and might not always be immediately possible, how much money you spend is within your control. By becoming more conscious of how and where you spend your money, you can make your money reach further for you. Here are ten suggestions on how to save money and transform your life:

1. Stop impulse buying. When you feel the impulse to buy something, stop for a few seconds and ask yourself ‘do I really want and/or need this’? If, after stopping to ask yourself this question, you still want to buy it, that’s fine. The point is to start building awareness about when you feel the impulse to buy something and how you are feeling when the impulse arises. What do you believe the item will add to your life and how do you think it will make you feel once you own it? Many people live their lives on autopilot. Bringing awareness to the choices you make can help you to make more conscious decisions and spend your money in a more conscious way.

2. Shop smarter. With the wealth of information readily available to most people, there are many opportunities for you to shop smarter. Ways to shop smarter include: buy items online and have them delivered; requesting a discount (where appropriate) instead of paying full price; buying your groceries somewhere cheaper; buy at discount stores or thrift shops; team up with others to receive group discounts; buy in bulk; reach out to your network on Facebook to find the best deals; or you could exchange your time (instead of money) for products or services. If it is important enough to you, you will find ways to shop smarter and save money.

3. Watch out for tricks used in marketing and advertising. Marketing and advertising campaigns are very clever at making you think and believe you want something you don’t really need. They are also good at convincing you to buy something simply because it appears to be a good deal. They pull on emotional strings and play on people’s weaknesses and insecurities. Building more awareness of the tricks they use helps you to resist their temptation.

4. Grow your own food. Grow your own vegetables, grow your own herbs, grow your own fruit. Not only will it help you to get outside and get in touch with nature, you know where your food is coming from, you are reducing transport mileage and you have the choice whether to grow organic produce or not.

5. Instead of buying, share items with your family, friends or community. Instead of always buying new clothes, why not try sharing with others. You could also do this for appliances such as lawn mowers, various tools etc. instead of buying expensive items you might rarely use. In Vancouver, there are multiple car share companies where car ownership is shared among many members, thus significantly reducing costs.


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