What Are My Best Money-Saving Tricks?More Money-Saving Tips
What Are My Best Money-Saving Tricks?
More Money-Saving Tips
- Cash
So this is a big one. When you go out to eat somewhere, or buy groceries, or just to buy things, try to use cold hard cash instead of a debit card or check. When using cash, you have an emotional attachment to the physical material paper. It’s actually more painful to hand some cashier a $20 bill than it is to swipe a card, simply because it feels like you’re giving less when you swipe a card. Try to keep cash on you and limit that swiping. Bonus points if you only carry 100’s with you. Who’s going to break a clean crisp $100 bill for some gas station candy or milk at the grocery store? I know I wouldn’t.
2) Automatic deductions
This is an amazing tip because you can set it up to not even know the money is being taken out. Wherever you work, most places have the option to take a percentage or a certain amount out of your paycheck and add it to a separate account. Do this and send the money straight to a savings account you can’t withdraw from. After many years, and yes, becoming rich does take time, if there’s interest, you’ll have a ton of value from that simple $100 a month going into a savings account.
3) Monthly statement
4) Avoid advertising
This is kind of a passive tip to save money, but try to avoid general advertising. This will reduce your likelihood of impulse buying stuff like an extra pack of gum at the cashier stand or that super awesome coffee cup that doesn’t tip over you think you need. Reducing exposure to this type of content will reduce what you think you need.
5) Now vs later
Have you ever thought you were super hungry at some point in your life? I bet if you drank a glass of cold water and waited 5 minutes, your temporary starvation feeling will subside. It’s super easy to trick our brain we need something NOW, and it takes practice to cultivate delayed gratification. You can do the same principle as food with your money. Instead of buying that super cool tech toy, wait a month and see if you still want it as bad. Chances are something new will come out that’s better or some other area you’ll notice that will be a better investment. Try to delay the things you spend your money on and you’ll notice extra money in your bank account each month!
6) Prices into hours
7) Increase income instead of reduce expenses
Reddit is a great source for all types of tricks and hacks, including tricks for saving money! The povertyfinance Subreddit asked users for theirmoney-saving tricks, and here are some of the responses they recieved:
Happy saving!
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Reference this article:Practical Psychology. (2016, November).7 Psychological Money-Saving Tricks - How to Save More Money Each Month!.Retrieved from https://practicalpie.com/7-psychological-money-saving-tricks-how-to-save-more-money-each-month/.Practical Psychology. (2016, November). 7 Psychological Money-Saving Tricks - How to Save More Money Each Month!. Retrieved from https://practicalpie.com/7-psychological-money-saving-tricks-how-to-save-more-money-each-month/.Copy
Reference this article:
Practical Psychology. (2016, November).7 Psychological Money-Saving Tricks - How to Save More Money Each Month!.Retrieved from https://practicalpie.com/7-psychological-money-saving-tricks-how-to-save-more-money-each-month/.Practical Psychology. (2016, November). 7 Psychological Money-Saving Tricks - How to Save More Money Each Month!. Retrieved from https://practicalpie.com/7-psychological-money-saving-tricks-how-to-save-more-money-each-month/.Copy
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