How to save when you like to spend.
Recently my friend and I had this “where-would-you-like-to-travel-if–you-had- £5,000-of-savings” kind of dreamy conversation. You know the type…
Money gives you the sense of freedom hence happiness. However, we never seem to have enough of it.
My friend can’t save. All she wants to do is spend, spend and spend some more. She is young and wants to live her life to the fullest. There is nothing wrong with that; you only live once, right?
The bottom line of saving is spending less than you earn. If you think about, you realize there are more possibilities to achieve this than just counting your pennies. You can save by growing the money you have – investing; and this is exactly what my friend does without even realizing:
I’ve added some of the things that she said that she does.
1) Buy clothes at the end of season
“Best sale months are January and July, but some outlets offer good discounts at the end of every season. I particularly love sites like brandalley.co.uk and shoeaholics.com. I recommend signing up to newsletters from your favourite designer, as you can often get special discounts emailed straight to your inbox. I receive letter from Kurt Geiger, Russell and Bromley, Boden and many others.”
2) Sell stuff on ebay
“I love ebay: it has even helped me to earn more money than I initially spent. For example I once bought designer shoes for £160 (real price £320), wore them half a year and sold them for £230.”
“Sometimes I also get some things in the normal store on “Buy one get one free” and then sell the free item at full price on ebay.”
3) Shop with vouchers
“I always check voucher deals before I buy anything. You can always get more than 10% off stuff, sometimes up to 50%-70%. Vouchers are all over the web, so there is no excuse not to make the best of them.”
“My Voucher Codes is the one I use the most. It’s the biggest voucher site in Britain.”
“Boden coats are my favourites. I recently bought Holland Park Coat through the myvouchercodes.co.uk boden store. I not only got the coat delivered to my home for free, but got a free bottle of wine with it.”
Other ways to save
There are many other simple things you can do to save without any sacrifice:
1) Master the 30-day rule.
Whenever you’re considering making a big purchase, wait thirty days and then ask yourself if you still want that item. Often you’ll find that the urge to buy has passed and you’ll have saved yourself some money by simply waiting. There are also some other tips that I often use to help me save money, that are definitely worth checking out: Tips to stop spending.
2) Turn off lights before you leave.
If you spend one minute turning off lights before a two hour trip, that’s the equivalent of earning $50 an hour. That’s some impressive savings.
3) Instead of buying, borrow books from the library
Whenever possible, borrow your books instead of buying them. The card to your public library is free and the libraries are generally well stocked and even if they don’t have the book on stock, they can get it for you.
What other ways do you save when you want to spend?