Saving Money Today
Saving money is not always easy as it’s inevitable that most of us will fall on tough financial times during our lives. Today unlike any other time in the last ninety years we have our economy in the doldrums, unemployment on the rise and our government introducing tough austerity programs. Everybody seems to be making cutbacks in their personal finances in order to survive and maintain their standard of living. Gone are the days when people would brag as to how much they had paid for a pair of jeans and the more expensive the better they felt. Today people are more likely to tell you what a great bargain they found and how much they had saved when buying a pair of jeans. What a contrast we have seen in attitudes in the last 30 years.
However, saving money by cutting back isn’t all about eating beans on toast by yourself, staring at a wall and dreaming of better days. If research is to be believed then an annual income of around £48,000 ceases to make people any happier. Saving money has the potential to put this lesson into practice – and teach you how you don’t have to depend on your bank balance to determine your happiness. Cutting back on your spending can bring you much more than extra money:
Saving Money Is About Appreciating The Small Things
When saving money not only will you learn to treasure the little luxuries that you do allow yourself to buy, you’ll also learn to appreciate the things that you don’t need money to enjoy. Walks with friends, a simple bubble bath and quality time with your loved ones will seem extra special without money to distract you.
Saving Money Means Learning How To Budget
Saving money is about spending less – it sounds easy, doesn’t it? Until you’ve put it into practice, however, you won’t be able to appreciate how difficult it can be. The silver lining is that the more difficult saving is – the more you’ll learn from it and be better with money in the future.
Saving Money Is About Exploring Your Horizons
Saving money requires you to start making some changes in the way you buy goods and services – switching to cheaper food, for instance. It could unite you with something new that once experienced; you wonder how you ever lived without.
Saving Money Is Learning To Enjoy The Alternative
If your new budget doesn’t allow for fortnightly trips to your favourite clothes shops, you may take solace in your sewing kit. Learning to come up with new outfits without spending to refresh your wardrobe may unleash an inner creativity you didn’t realise you had is all part of the saving money experience.
Also, meals out with friends may have to be substituted for nights in. Fear not, this will save your savings account as well as turning you into a culinary genius.
Saving Money Is About Changing Your Perspective
Without as much disposable income, you will gain a sense of empathy for those less financially fortunate than yourself. Having to spend your time not spending will be humbling, not to mention character building.
If you previously considered shopping as a sport, time will undoubtedly be in abundance. You can use this time to be more productive, volunteer or actually use and wear the things you’ve previously bought and stuffed at the back of your wardrobe, back in the days of frivolous frittering.
Saving Money Is About Having Self Control
Walking past a clothes sale, remove the expensive wine from your trolley or turning down an expensive night out can be difficult. Saving money is a way of exercising your self-control, and once you’ve mastered that, the world is your oyster. Self-control is one of the main contributing factors to saving money success.