Lifestyle, Tips

My Frugal Ways To Saving More. 


“The greatest wealth is to live content with little.”

      – Plato


Something that I have noticed for a while now is that every time it reaches in the mid-month my friends mostly ask me how I maintain having cash, where most of them tend to go broke at that time.

So I figured to write a post that would help a lot of my fellow colleges in general who are facing difficulties in maintaining stability on the decision of saving.   The idea of saving can be daunting, having to retain some money every week or every month and having to give up purchasing stuff that may seem relevant; whilst in real sense they utterly aren’t.

But let’s look at the big picture here, saving is the greatest favor a person can do for his/her future self. For example, when one stumbles on those rainy days, then the savings reserved earlier will certainly come to the rescue.

Hence, in order to face or overcome those kind of bad days I have gathered or come up with ways and yet so common and easy to get by.

Cook more than do take outs.

This is one of the best and yet the most conventional way in saving money. Most students find themselves buying/ordering food a lot of times, let it be breakfast, lunch, or dinner. And by doing so it reduces the capacity of saving whilst the spending chart increases every time food is being bought. Personally this method has helped me a lot and I think the best compliment goes to the love I have for cooking. So, guys if you do have a stove at your apartment don’t be afraid to use it more frequently.

 10% Saving Rule.

Each month when I receive my allowances, I usually chop off 20%-30% of it and deposit it to my savings account. And the rest of the cash becomes the spending money that would cover the basic needs that I’ll require, for instance groceries, paying electricity bill, transportation and other miscellaneous expenses like fixing my hair, some mani-pedi and other stuff like that. But the notion that people have about spend first then save when it’s convenient, I find it so wrong in so many ways. 


“Do not save what is left after spending, but spend what is left after saving.”

    – Warren Buffet 


Thus, I definitely recommend students to follow this awesome saving rule and if you don’t own a savings account, please open one ASAP!!

Yes, you…I’m talking to you!

 Know what’s important in the shopping list.

I’m very choosy and picky when it comes to shopping, I never let “involuntary purchasing” get on my way at all. Normally before leaving my place, I prepare a shopping list and even estimate the cost I’ll incur that particular day. And by doing so, it has made me avoid incurring unnecessary costs that would have occurred if I didn’t know what was important while shopping and just buy anything that catches my eye.

Never give in into the crowd.

Forgive me for being so bold but I don’t understand those students who manage to go out weekend after weekend! And I’m sure after sometimes it gets so monotonous (probably I’m a party pooper) but OH, well!

That being, when it reaches in the middle of the month they start whining how broke they are. Don’t get me wrong, there’s no harm in going out but did you manage and plan the amount of money you’ll spend in just one night?! Or are you just following the crowd?? 


“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.”

         – Will Smith 


You might have friends who are well-off but the act of trying to imitate the kind of lifestyle they’re living would absolutely lead you to no good. So don’t feel pressured to accept your friends offer to go out with them while in actual sense you really don’t want to.

Therefore,


“Prosperity is the fruit of labor. It begins with saving money.”

     – Abraham Lincoln


Have a lovely and productive week.

Dorie

Photo source: Pinterest, Google images

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s