Work Out How Much You Really Have To Spend
First of all, workout how much you really have to spend. This applies to people who get paid monthly and weekly. People who get paid monthly will all of a sudden feel as if they’re rich on pay day, go out and spend a load of money to only realise they’re going to struggle for the rest of the month. People who get paid weekly may always feel as if they have money, but if their bills come out monthly then those need to be accounted for. Workout how much on average you earn per month, then takeaway all of your bills, including your phone bill, board/rent/mortgage, gym, food, petrol, insurance, and anything else that comes out monthly. You can then divide this new sum by 4 to know exactly how much you have to yourself each week. From this, you can set a realistic amount to save and spend on a holiday or pay off your debt from Buddy Loans, and a small amount to treat yourself with. Don’t go buying for the sake of it though!
Stop and Think
Simply stopping to think whether you really need the item you’re looking at can be a big help. Didn’t you buy a new pair of shoes last week? Don’t you already have a gadget similar to this one? Infact, I recommend that you…
Wait 1 Month
That’s right! Wait 1 whole month before buying the thing you’re after, especially if it’s a fairly expensive purchase. Show some discipline; you’ve lived without it this long, you can go another month, right? In this month you’ll realise whether you really wanted the item or whether it was just an impulse buy. You’ll be much happier!
Freeze Your Cards (Or Bury Them)
If your problem is spending money that you haven’t got, then this can escalate into a huge problem. Instead of cutting up your cards (they can be useful SOMETIMES, for example when you have a big purchase to make like a holiday and want the protection a credit card offers), you could freeze them in a bowl of water or bury them deep in the garden. If you want to buy something insignificant, you’ll have to get all muddy in the garden or wait for your card to thaw out, but in either case you might go off the idea. If you do, you never really wanted the item in the first place! If the purchase is that important, you won’t mind doing it. Tip: don’t try to microwave your card to melt the water. This will frazzle your card!
If you’re determined enough, you can easily get your finances in order, save money, and treat yourself all at the same time. Good luck!