Every year, we always crave to make new lifestyle changes in becoming a better person. And half of these changes always include saving more and spending less. However, at the end of a quarter or year, when looking through your spending habit, you realized you’ve failed at this.
Lifestyle changes take time and does not happen overnight. It requires patience and support from your close circles and consistence practice to getting it right. I’m not someone who is big on new year resolutions, but at the beginning of the year, I made a mental note that I was going to save more. And one of the keys to making this possible is to spend less. We all know adulting comes with more bills and baggage, but with the right tips, a saving culture can be a great lifestyle change.
10 Lifestyle Changes I Adopted on my Finances
#1: Cook Your Own Meals
I am a chronic foodie and anything food appeals to my sense of reasoning. And the annoying thing with this is that, I prefer eating out because it easier and faster. When I sat down to calculate the amount I spend on eating out compared to what I will save if I cook my own food, I realized I have been scammed by myself. I decided to start cooking my own meals, make extra and refrigerate it for subsequent days.
#2: Compare Prices before Purchasing any Item
Before now, once I find any item I love, I swipe the card. You can call me a reckless impulse shopper. But in recent times, I go over and over why I need the item, pass through some thrift store to see if they have similar items, google search the item to check similar stores that sells it for price comparison, before deciding to purchase. Many times, I get lucky and find it way cheaper and this is what I go for while I save the excess money.
#3: Always Draw Up a Monthly Budget
I can get a bit extra about this because I always draw up a two-month budget even before I get the cash. That way, I am extra careful on what I spend on and forever say goodbye to impulse purchase.
#4: Save, Save and Save
Savings cannot be overemphasized. I have always preached and advocate for a good saving culture but it’s sad that once I try saving, I always give myself an excuse for touching the money. But with saving Apps like Cowrywise, it has become way easier for me to save and completely take my mind off it. Other Apps I know will give you the opportunity to withdraw at will but a cost. But Cowrywise gives you no such option, thereby, making you a strict saver until funds maturity.
This has really helped me make better money decision since as I started using the Cowrywise App.
#4: Embrace Investments
What better ways can you make a great lifestyle change with your finances than to invest. If you have signed up on Cowrywise using my link, you can find different Investments up to 15% returns at no extra cost tailored just for you. You can also explore investments such as farming and real estates. However, it is important to understand the risk that comes with any investment before trying your hands on it.
#5: Say More ‘No’
We truly need to learn how to say more No’s to lifestyle changes that are of no importance to us such as hanging out every night, every weekend parties or unnecessary travels. It is fun to want to live the good life but of what benefit is it to you? Especially if you haven’t done anything to yourself to deserve one. Personally, I sometime do activities like this to reward myself and many times, I try not to go overboard with it.
#6: Take Advantage of HMOs
Most organization have health schemes for their employees and these comes with amazing benefits. Take time to read through the benefits your health scheme comes with if you have one and explore them. My health scheme comes with a spa and gym benefit, which saves me the cost of having to pay for these services.
#7: Choose Frugal Friends
This may be hard but important. You don’t need friends who will always encourage you to go out every evening, rather you need frugal friends. These ones will always put you in check when you decide to forget you are trying to adopt new lifestyle changes and spend less recklessly.
And also encourage you to join or start Cowrywise Saving Circle so that you can all save money and be more financially dependent.
#8: Learn DIY Tricks
Sometimes you do not need to visit a natural hair salon to get your prepoo conditioning because you can just google this and find how to yourself. Recently, my gas refused to come up, I had called someone on the phone about it and the person had quoted N5,000. It was a late at night and he promised to come the day after. I really needed to eat and there was no junk or fast food I can eat without cooking.
To fix this, I decided to try and see if it would work myself. I checked a few hack on google and in less than 10 minutes, the gas was working just fine. N5,000 saved and credited to my Cowrywise account immediately.
Outfit from Ibe_tribal
#9: Always Have a Grocery List
When shopping for grocery and paying with your credit card, it’s so easy to purchase items you don’t actually need but because they look appealing. Hence, it is essential to always go shopping for grocery with your list. That way, it’s much easier to stick to items you really need versus items you just want.
#10: Declutter and Sell Unwanted Items
People always say women shop the most when it comes to fashion pieces. And often times, we always forget we even own these items until we de-clutter our closet. From time to time, rearrange your closet and take out items you have never worn or never worn in a long time. Put up a sale for these item on your social media pages, and save any cash you make from it.
You’d be surprised at how much extra cash you will make from it. This is a practice I have tried before and I hope to do again in the near future.
Which of these lifestyle changes have you ever tried? And what’s your favorite way of saving money?
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