Sometimes as a smart spender, you need to decide when to be a smart saver. So here’s a tip that could save you $100 in under 10 minutes… and you don’t even need to do a thing! Sound too good to be true? Keep reading to find out what we mean and you’ll be able to save as much as you want.
When you’re looking to cut your costs, it’s important to decide between needs and wants. For things that you actually need, you will have to adjust your budget accordingly. But in the famous words of the Rolling Stones ‘You can’t always get what you want’.
For me, my spending gets out of control when I stop really thinking about what I want (and even convincing myself it’s something that I need).
Let’s look at three things I want to get over the next two months, and see where I can make some cuts. (For the sake of explaining here, let’s assume they all cost $100 exactly).
- 16GB photo card for my camera
- Renew 3 magazine subscriptions
- Concert tickets to a show in June
When I actually took the time to write down those three things, it became quite obvious that these are all wants and not needs. Do I need any of these things to survive? No. Will they make my summer better? Possibly.
Looking at these (and the costs for each) I instantly saw where I can cut my costs. I decided to keep using my current camera card (and upload/save my photos more often) and forego the magazine subscriptions to read articles online.
I was left with the concert tickets and ordered them online. By taking a look at some upcoming expenses, and listening to Mr. Jagger, I cut out $200 in potential costs and still managed to get some of what I wanted.
Try this out with some of your expenses and you could be surprised about costs you can avoid.