Hi friends, today I have a contributed post by Ryan Keys all about how to be better with money. Hope you enjoy 🙂
Do you often feel like everyone else has their ducks in a row when it comes to money, but you’re left struggling to make it from one paycheck to the next? You might feel alone, but rest assured you’re not.
However, there comes a time when you need to take control of your finances and start making better choices. Let the following advice help you make some better spending decisions to help you be better with money.
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Look at where you’re overspending
Do you know where your money goes each month? Laying it all out in front of you can be a big eye-opener. Highlighting the areas where you spend the most can help you make some changes to your habits. So where should you start?
If your cell phone bill is obscene, bring it down with Text Now. If you spend a lot at Starbucks each week, start bringing coffee from home. It’s these attitude adjustments that will help stop you from overspending when there are more affordable solutions available.
Budgeting is easier than you think
Everyone dreads the word budget, but all it really means is tracking your spending and not just having to guess whenever you look at your balance. A budgeting app can be a good place to get you started, helping you input your outgoing and make better spending decisions about your disposable income.
When you focus on what your end goal should be such as savings, a vacation or getting out of debt, it’ll make the idea of cutting back and budgeting much easier to swallow.
Always ask yourself ‘Do I need this?’
Want versus need is a shopaholic’s biggest problem. If you tend to spend a lot of money on things you want instead of the things you need, then you need to really think about changing your ways.
Try taking only the cash you need when you go out and turn off notifications for store apps on your phone. It’s also worth setting yourself a treats budget in your monthly budget so that you’re not completely depriving yourself, giving you a limit to stick to instead of just spending as you please.
Unleash your inner bargain hunter
There’s definitely something satisfying that comes with finding a bargain. Almost a vindication against retailers! Once you get into the thrill of bargain-hunting, it can be difficult to stop. There are some great websites out there to help you find deals online that can really bring down your spending to help your money stretch further.
Becoming better with your finances is important for growing up and living a more responsible life. Take a long, hard look at your money and ask yourself if you’re happy with how things are currently going. The vow to make some attitude adjustments. Everyone is capable of improving their financial situation, you just need to make the decision to let go of your past behavior and start afresh.