9 Simple and efficient tips to live well spending less

If you think that spending money wisely is synonymous with giving up on joys and pleasures, we are happy to reassure you: one thing does not necessarily have to do with the other. In this post, we will not present tips such as “eat less, dress more modestly”.

Our focus will be on simple economic tips and psychological tricks. able to stop you from making impulse purchases. Thus, it will be easier to gradually recover at least part of the money spent and accumulate a financial reserve.

We, from awesome.club, we have already started to apply these tips, and we are feeling a positive difference. Are you willing to try it?

In other words, we are talking about a security reserve. Instead of spending more than you can and then being forced to cut spending to pay off debts and loans, have the willpower to do the exact opposite. First, we limit our expenses, we save a certain amount of money and, in case of an unforeseen event, we use part of the saved amount and, without suffering, replenish this amount in the future.

Of course, taking out a loan can have its advantages. But when we have a reserve, we get rid of paying interest and we don’t have to deal with regrets either.

Give it a try and spend a week or a month paying cash only, banning yourself from using cards. We guarantee it will change your life: you will suddenly value money more and spend more sparingly.

This is a well-known psychological effect. Since we cannot touch “virtual” money, we do not view it with due responsibility. In addition, paying with a card is much faster than with cash, so we end up not noticing how the money simply “evaporates”. On the other hand, seeing the money coming out of the wallet right before your eyes will make you think twice before buying a box of chocolates, tights or that perfume that is on sale, since the one you have at home is still the glass is almost full.

This method can be a great starting point. The important thing is to always feed your piggy bank with some value, which can be determined from a percentage of the money that is in your wallet or account. For example, when you return home, you see that you have 245.57 reais left. So, you can put 57 cents, 5.57 reais, or even 45.57 reais in the piggy bank. Remember: piggy bank is not just for coins. You can also feed it notes.

A good idea is to apply the method on the last day before receiving the salary, transferring what is left over from the payment of the month’s expenses to the piggy bank. Another alternative is to feed the piggy bank a minimal amount after each purchase.

As we mentioned earlier, everything must follow its own criteria. We are sure that after a month you will see that you have saved a considerable amount.

Let’s talk more about the psychological effects. It is important to remember that when we go to the supermarket hungry, we feel like buying everything. Likewise, when going to a clothing store in a moment of irritation, we run the risk of spending more than expected. Clothing may not be good or necessary, but we end up buying it to give in to impulse and without rationally analyzing that moment.

However, there are situations in which we are forced to go to a store hungry or irritated. When this is unavoidable, a shopping list will be your greatest ally. It is necessary to write down in detail everything that is necessary, and not to make exceptions. So you avoid buying items you don’t need and feel proud of yourself.

We are not saying that you need to eat less. What happens is that many people don’t even notice that they’ve bought too much, so sooner or later they end up throwing food away. For example, they buy several pots of yogurt at the same time, even though they know that two out of three end up winning, since no one in the house consumes them. Or else they acquire a large amount of sauces that remain in the fridge until the time comes to throw them in the trash because they have passed their expiration date.

Observe your own habits and pay attention to what you usually buy and throw away. And if, even so, you find it difficult to draw up a shopping list, try the following experiment: create a weekly menu, so that everything is well planned, without excesses. You can bet that you will feel a beautiful difference in your pocket.

Believe me, this rule makes all the difference. Often, we see something we didn’t plan to buy, or we simply come across something new in our favorite online store and end up giving in to impulses. We feel like buying it urgently, before the price goes up, the item runs out, or everyone buys before us. The result of this? We spend money without planning to buy something that may not even be useful.

Decide today, from this very moment: before you buy something you hadn’t planned on, or something that costs more than a set amount, repeat to yourself out loud: “I need to think about this tonight.”

It could be for a night, a week, a month…or even for a few hours. The question is to balance your desire and your decision. With this, it will be possible to analyze pros and cons. In most cases, it will be clear that impulsive purchases only serve to mask something that needs to be resolved in your mind.

If you belong to the group of people who don’t have the necessary disposition to deactivate some services that they don’t use, analyze the different tariffs according to their needs and, at the same time, think that they are spending too much, it is worth thinking better about the matter. . Surely you think that paying a little more here and there doesn’t make a difference, but believe me: when you realize how much you’ve wasted that money earned with so much sweat, you’ll be pissed at yourself.

We advise everyone to pay attention to the timely payment of slips. After all, settling financial commitments before the due date gives the opportunity to save by avoiding fines and can still yield a good discount. This is true, for example, for many taxes and utility bills. Don’t be lazy when looking for the most financially advantageous options.

Most cards offer reward or mileage programs, with the possibility of accumulating points to exchange for tickets, shows and electronic equipment, for example. Take advantage of these programs and use them to your advantage by keeping track of how many points you have, what kind of rewards you are entitled to, and when your points eventually expire.

If you’ve already managed to move forward and managed to save some money, it’s time to take the next step: finding the best apps. For many, the good old savings account is the first option when there is a little money left.

But if you do your research, you’ll see that there are alternatives that are more profitable and just as safe as savings (such as Direct Treasury) and that investing in one of these investments can make a huge difference in the long run.

Don’t be lazy to study. Look for websites and YouTube channels about finance that explain how each investment works, what its risks and benefits are.

After all, making your money go further depends only on you and your disposition.

How do you behave in relation to spending and investments?

Can you save? Or do you have a lot of month for little salary?

Tell us!