It always starts off with a good intention. Unfortunately, spending too much seems to be much easier than earning and saving. This is one of the main reasons why people have so many problems keeping track of their cash.
There are certain things you can be aware of and keep track, and knowing these things can help you cut down areas where you waste your money on spending things that are not top priority. The article below will guide you to manage your debt successfully.
TOP THINGS YOU DO THAT’S WASTING YOUR HARD-EARNED CASH:
Not searching price match schemes – There are a lot of store that do price match schemes – you don’t even know about and may be missing out. Few high-street retailers offer this and will even match to online stores like Amazon. This way you can definitely save on the shipping cost!
Not finding good deals – Shopping around for good deals can be a great habit to get into. Not only does it save you money on groceries, clothes and much more, it also helps you adopt a more cautious mind set. You won’t be so quick to splash out money as you have to spend time doing the research.
Prioritizing low interest debts – If you’re paying a loan that has a lower interest than the other one, you are already spending more money than you have to. Instead, it is advisable to first pay the high interest one.
Forgetting to cancel free trials – Whether it’s Netflix or LinkedIn Premium, forgetting to cancel free trials is a quick way to emptying your bank account. These small costs add up and you may not even be using them to the fullest.
Paying late – Late payments stretch up charges and get you to pay more in the long run. Avoid bills and talk to your lender about paying on time or later.
Avoid trigger points – If you know you are an impulse buyer, avoid the shops and stay clear on sales. Set a budget before you go out, eat before going out and try your best to stick to it.
Making your own food – Buying lunch at work or at cafes are things that drains your wallet out. It adds up every day whilst you can just prepare lunch at home for the whole week. Try adding how much you are spending on work and check how much they add up for the whole month.
Doing these small things can really help make a big difference in cutting down your costs of spending too much.