You Only Live Once. This statement has been used to express how much we want something. Things like a new bag, a collector’s item or even going on a spontaneous road trip. Making new memories, discovering new places or that inner urge to get the latest item on the shelf are all kinds of ways for us to feel the satisfaction of getting something we really want.
Although at a certain point in our lives we come to think what are we to do in the succeeding years to come. We start to think about taking our lives to the next level. Considering investments, savings and long-term goals will slowly become a priority. Weighing in our options between going YOLO or start saving, here are 3 guides to becoming a thrifty spender while having fun in life.
Set Budgets
Whatever career path you’re on, it’s always best to set aside budgets on what you spend on a weekly to monthly basis. Sometimes we set the budgets on our heads and try to discipline ourselves to not spend more than what’s budgeted. Instead of doing this, have a notebook where you can write down and record every weekly budget you’ve made and every expenses you’ve spent. This will help you keep track of where you’re money went and what are the things you’ve spent it on and learn to distinguish the importance of our needs versus our wants. That way, you’ll drift away from becoming an impulsive buyer.
Have categories to save on
Depending on the kind of lifestyle you wish to live, your savings would also depend on the things that you want to do. We do have to set some budgets but we’d also want to make our lives more interesting. So let’s add a little fun. Make some categories for you to save on. Jars set for travel goals, food trips, emergency funds, personal savings, investments, etc. Clear your mind from unnecessary worries. That way you’ll be setting aside savings to experience life’s joys.
Save to spend on experiences
It’s common nowadays that many would want to spend their savings or earnings on experiences. What kind of experiences? Jaw-dropping and unforgettable thrills like first automobile, first international trip, first home purchase, etc. are a few of the many examples you experience after working so hard for. When the time comes, you’ll be thankful for having to reward yourself with the experiences you get to enjoy after years of discipline and patience.
It’s important that we become aware of where our hard earned money is spent on. It’ll take time and constant discipline to become a thrifty spender but it will be the best decision you’ll make for yourself.
