How to Save More and be Stress Free from Worry on Less Money

savemoney

The key to stress free living when it comes to money....is just save more and spend less!

This coming year is going to be a tough year for most when it comes to finances. But fear not, you can always do things to help you still live on what you have. In fact, someone once said that wealth is really just in direct proportion to how much you earn – how much you spend! So if you can find ways to spend less, then your wealth will actually increase. That’s a good thing nowadays, as we probably don’t “need” many of the things we are spending money on are just not finding the cheaper creative solutions.

Here’s some quick suggestions:

Of course that is just a short list. But in the end, it’s your decision when to spend money. If you want that 50″ plasma TV…then it’s your choice. But do you need the top of the line or does the lowest model really fit the bill….or do you only need a 36″model? There’s usually a big difference between want and need.

Here’s some more gems from some other bloggers and what they have to say on how to save money this year:

Turn off the television. One big way to save money is to watch less television. There are a lot of financial benefits to this: less exposure to guilt-inducing ads, more time to focus on other things in life, less electrical use, and so on. It’s great to unwind in the evening, but seek another hobby to do that.

Master the thirty day rule. Whenever you are considering making an unnecessary purchase, wait thirty days and then ask yourself if you still want that item. Quite often, you’ll find that the urge to buy has passed and you’ll have saved yourself some money by simply waiting. If you want, you can even keep a thirty day list where you write down the item and the day you’ll reconsider it, but I prefer just to keep this one in my head – that way, I often just forget about the unimportant things.

Invite friends over instead of going out. Almost every activity at home is less expensive than going out. Invite some friends over and have a cookout or a potluck meal, then play some cards and have a few drinks. Everyone will have fun, the cost will be low, and the others will likely reciprocate not long afterwards.

Invest in a deep freezer. A deep freezer, after the initial investment, is a great bargain. You can use it to store all sorts of bulk foods, which enables you to pay less per pound of it at the market. Even better, you can store lots of meals prepared in advance, enabling you to just go home and pop something homemade (and cheap) in the oven.

the above are just a few tips from “100 great tips on how to save money” from The Simple Dollar blog.

Lend and borrow. Give books and clothes and toys you don’t need anymore to your friends and family. If you need something, send out an email asking if anyone has it. Chances are, they will give it to you for free if they don’t use it anymore.

Barter. It’s a lost art, but lots of people will take your services or goods instead of money, especially if you are friends or at least know each other. Get into the habit of offering to barter, and you’ll find yourself saving a lot of money. My website design was done through the barter system, so I saved well over $1,000 there, for example.

Find happiness in life, not spending. Many times people buy stuff because they think (subconsciously perhaps) that it will bring them happiness. They just HAVE to have the latest gadget or shoes or cars. It’s so fun! And yet, you buy that stuff, and you are only happy for a day or two at most. Then you just need to buy more. Its a never-ending cycle. Instead, learn to love life. Find joy in nature! In the people around you! In doing something you love! In exercise and meditation! There is so much in life to make us happy, there is no need to find it in spending.

from the article “20 Money Hacks” from Zen Habits.

photo by endlessstudio

Get Your Free Course Today!

SIGN UP!