Don’t be sad if you only have a meager fund to spend each day. And don’t feel hopeless because you can’t seem to save money. So many people around the world understand your predicament. Why? Well, simply because they’re also in dire need of it!
Can we ever find solution to our financial problems?
The answer is yes. But we need to have self-discipline and self-control in order to find that solution.
Here are some tips on how you can save money, even in times when you don’t have much to spend. We include some advice that can influence your mindset to enable you to save.
Make a list of your must-pay bills and things you need to buy.
Bills should be top priority. Pay them before or on their due dates. You shouldn’t miss paying each of them on time to avoid interests and other charges.
Likewise, you should determine the things you need and want. The needed ones such as foods, toiletries, allowance for transportation, or materials for projects should be included in your budget.
On the other hand, the things you want but don’t need must be set aside for now.
There’ll come a time when you can already afford to buy the things you want. Only then should you include them in your budget.
Avoid spending more than you can afford to spend.
A luxurious life belongs to people who are so rich they can afford to become extravagant. They probably worked very hard to obtain the financial freedom they now have. Don’t be sad that you can’t have a life like theirs.
Be contented with what you have right now. Don’t overspend so you can save money. And instead of getting jealous with the rich, be inspired by them to improve your economic situation. Get motivated to be an asset to your family and your country too. There’s nothing richer than aiming for a life that’s filled with purpose.
You see, saving a small amount of money now can be a reason for greater things in the future which you can’t even imagine at present.
So stop comparing your life with others.
Focus on having skills and training to upgrade yourself. By doing so, you can have a better job one day. It means better salary, benefits, and a better life, of course.
For now, just be happy that you have money, no matter how meager it is, to help you get by. Your situation will not always be this way. Continue to strive hard as you regularly set aside even a little cash. It’s a means to be financially successful one day soon.
Think of your most cherished dreams in life.
As you save even a penny each day, think of your life goals. Think about how much you want to return the sacrifices of your parents. Dream of travelling and having a good time with them or with your special someone. Set your mind on reaching your dreams one step at a time. Small steps can lead to your big dreams. Just don’t quit taking those steps.
This is the same with putting a little bit of money in your piggy bank. Don’t get tired of doing it every day. Your money will soon accummulate. And you will certainly benefit for your effort!
Drink lots of water and exercise. Also, don’t get drunk and don’t smoke. This way, you’ll prevent yourself from getting sick. It means no hospital bills and expensive medicines. You will then be able to budget your meager fund more wisely.
Avoid incurring loans.
At this time of your life where you only have a few money to spend, don’t borrow money. This is most especially true when you know you can’t afford to pay your debts. You should avoid asking for loans with interests. You’ll be in big financial trouble once you start missing payments.
Save a few cents each day by placing them in a big box or piggy bank. Then don’t ever be tempted to get your money. Just let it stay there. Your few cents will eventually grow if you continually add money to your savings.
But how will you save money with limited resources?
Just buy what that limited money can buy, after removing your cents for your savings, and the money for your bills.
Be practical in buying clothes. No need to have expensive and branded ones. And you don’t have to buy extra pairs of shoes when you still have some to wear. Also, be satisfied with your simple mobile phone. Don’t aim yet for that very expensive smartphone. Well, these are just some examples. Put simply, just don’t spend beyond your means.
Conduct a garage sale.
Sell the things you no longer need. You’ll be surprised at how much money you can get from selling things which have become useless to you. Just make sure they’re still in good quality.
Another good thing about having a garage sale is that you will have the chance to meet people. Your socialization skills will improve since you’ll meet people from different walks of life.
Try having sidelines.
Use your skills and talents to earn money. Babysit, trim lawns, offer tutorials, have online jobs. There are many things you can do to gain money. Then save from this fund. When you finally save enough, put your money in the bank. Or better yet, invest in stocks or mutual funds.
Try your own luck in having a micro business.
Have the courage and patience to do it. And don’t be afraid to try and fail. You can always try again. The secret in gaining success is not giving up no matter how hopeless the situation can be.
And why is it important to save money even if you don’t have much?
Learning to save money even with little resources will help you during the days when you badly need the budget. You don’t know what lies ahead, but saving will make you feel more secure whatever happens. It will likewise train you and help you realize where to best invest in life.
Saving even a meager amount of money regularly will shape your character. Knowing the value of each penny will definitely teach you not to take anything, or anyone, for granted.