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Money Saving Tips for People Who Struggle with Cash
Some of us are more likely to struggle with cash than others.
It’s not that you don’t want to save money, it’s just that you have a hard time controlling the impulse to spend all of the cash that you earn as soon as it lands in your bank account. Maybe you get blown away by all the marketing and ads that you see when you’re living your day-to-day life. Or perhaps you have a problematic relationship with money that stems from somewhere else in your life.
Whatever the reason for your issues with money, it’s time to overcome the problem and start making progress towards a better quality of life. We’ve got some top tips for people who want to stop struggling with cash, once and for all.
1. Try Used Before Buying New
We often prefer the idea of buying new items rather than checking out thrift stores when we need a new piece of furniture or an updated phone. However, you’d be surprised how many high-quality items that you can get for a low price when they’ve been used, even if they were only used once or twice. Plenty of people open the packaging of an item and decide that they don’t want it. That means that you’re getting something that’s basically as good as new, for a fraction of the price.
These days, you don’t have to even wander around charity shops looking for what you need. There’s the option to shop for used items on everything from eBay to Facebook Marketplace.
2. Use Cash, Not Card
Spending just cash is often the best way to improve your relationship with money if you have a habit of spending passively. Basically, spending passively means that you buy things without thinking about how your purchases are going to affect you in the long term. However, if you go out knowing that you only have so much money to last you the entire week, then you’re more likely to pay attention to every penny.
Freeze your debit or credit cards if you have to or give them to someone who will keep them out of reach. Once you’ve done that, figure out how much cash you need for each day, and take only that amount with you wherever you go.
3. Get Someone to Shop With You
This isn’t an excuse to send someone to the supermarket for you when you’re feeling lazy. However, if you know that you have trouble with sticking to lists or impulse purchasing, then it might be helpful to have someone you care about to join you as a kind of shopping buddy. They can come with you when you’re going to the supermarket to buy food every couple of weeks, and make sure that you don’t spend anymore than you’ve planned for.
This is a great way to build up a habit of saying “no” to your impulses. As you begin to feel more confident in your ability to control your temptations, you’ll be able to start going shopping on your own again.
4. Look for Extra Ways to Earn
Maybe your issue with cash is that you never have enough of it. If the life that you want to live can’t be funded by your current career, then it might be time to look for other ways to earn. You’d be surprised by how much money you can make by setting up a freelance career in your spare time on the internet. You may need to borrow money from somewhere so you can afford a computer and the equipment that you need to run your side job, but eventually you’ll end up with a lot more cash in your savings account.
You might find that you’re so good at working digitally, that you can even turn it into your fundamental career. That means that you have the opportunity to build an entirely new lifestyle for yourself.
5. Sell Everything You Don’t Need
Finally, speaking of looking for extra ways to earn, go through all of your belongings and commit to selling anything that you haven’t used in the last few months. Unless the item has some serious sentimental value, then it’s probably just taking up space in your cupboards or closets. Get rid of the items that you don’t need and you could make a profit in the process.
Not only will you make some extra money from your sales, but you’ll end up with more space in your home, and less clutter to worry about too.
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