Thursday, August 27, 2020

You don't have to be a financial expert to get your own spending under control. In fact, it has never been simpler or easier to save money on your monthly budget and have more in your pocket for the fun things in life. Just keep reading for some super strategies that will help you do just that. 

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Switch to cash only.

Switching to cash is an oldie, but a goodie! In fact, it is an incredibly useful tactic if you are hoping to save money. After all, it is much harder to part with cold hard cash that you hold in your hand than to pay for something with your card, watch, phone, or by clicking a button online. 

Unfortunately, the way that things are set up can make paying cash for everything a bit more tricky these days. After all, many of us don't carry any cash at all anymore. 

The good news is there is another strategy you can use that is just as valid. It's to remove your payment details from any site that is anything but essential. Then you can still pay for everyday necessities like travel with no problems, but when it comes to binging on clothes and fashion, you will have to think twice. 

Use prepaid cell phones. 

Whether it's for calls, text, email, internet, or social media, our cell phones are a vital piece of equipment that most of us cannot afford to do without. Unfortunately, they are also one of the highest and most difficult costs to control. This is because we are invoiced for what we used at the end of the month. Something that means it's straightforward to lose track of your usage and overspend. 

Fortunately, there is a solution. It is super simple, too, as all you need to do is switch to a Prepaid Bill instead. In fact, opting to top up our phone before we use them has several advantages. The first is that we can always make sure that we spend according to our budget. The second is that it makes it much clearer when we are overusing our phone, allowing us to step back and make saving where necessary. 

Zero spend days.

Wow, can you imagine a day where you don't spend any money at all? Probably, 20 years ago, this wouldn't have been a big deal. However, as we are continuously digitally connected to a universe of commerce, the temptation is always there. Whether we are on the move, chilling out in front of the TV, or even in bed!

In fact, with the spend all the time culture we live in, it's even more critical to institute zero spend days. The good news is that you will be working on your ability to resist compulsive spending by doing this. That's not all either as you will learn other skills like packing your lunch or thinking ahead for what you will need. All of which will help you to master the art of saving money in the longer term.


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