Give yourself a waiting period
We all make impulse purchases from time to time. One minute you’re harmlessly surfing the internet, the next minute you’re looking at a $100 pocket-size flashlight and before you know it, it’s on your doorstep two days later. The best solution for this problem is to give yourself a mandatory 24-hour waiting period. Often, the purchase won’t seem like such a great idea the next day. Use this method online and in-store. If shopping on sites like Amazon is a problem, you should definitely read this!
Eat at home
Cooking at home is probably easy for a lot of people, but some days you probably don’t feel like cooking and you may instead decide to venture out. If you feel like you’re in the same boat, just track this for one week. Start on Sunday and keep track of all your restaurant receipts for the week. The following Sunday, go to the grocery store and buy enough for a week’s worth of meals. Guaranteed you’ll see a huge difference in your bank account.
Don’t go off your list
When it comes to meals, planning ahead definitely helps when you’re trying to spend less money. Figure out what you want to eat for the week, make a list of what you need to buy, (remember you can use some ingredients for multiple meals) and don’t buy anything you haven’t planned for.
Leave your credit card at home
You may be thinking it’s not responsible to leave your house without some sort of payment, in case of emergency. You’re right, so take your debit card or cash. If you need to buy something, you can use “present money,” as opposed to using a credit card, which is “future money.” You should have a good idea about the money you have, so hopefully this will keep you from spending more than you should.
Borrow before you buy
You can’t ever go wrong with borrowing items from friends and family. Just don’t go overboard. You probably shouldn’t ask your neighbor to borrow his lawnmower every weekend, all summer long. But if your brother has those Marvel Blu-rays you’ve been wanting, watch his copies and save the money.
Article Source: John Pettit for CUInsight.com