Image via Pixabay
Life can and should be a truly amazing adventure, filled with soaring wonder, joy, and special moments spent with those who we care about most in the world.
One of the great things about life, is that those special, uplifting moments can be found in the small, everyday things, if we have the right mindset and are willing to keep a lookout for them. But it’s hard to deny that some of the most memorable and electric experiences we have, involve a certain financial investment.
Visiting a new country and being awed by the foreign sights and sounds can be a truly breathtaking experience, but plane tickets cost money, as do hotel rooms, meals at restaurants, and all the rest.
Learning a new language can massively expand your horizons, but you’ll generally need to pay someone for lessons. Starting up your own business can be an extraordinarily empowering decision, that allows you to take charge of your own destiny, but, as they say, “you’ve got to spend money to make money.” Even visiting the Zoo with your kids — an awesome day out for most people, at all ages — will generally set you back a bit of money.
You could be forgiven for feeling jaded by the situation here, and feeling like the only way to enjoy some of the best experiences life has to offer, is to become extremely wealthy. In reality, though, you can do a lot of uplifting, fun, and meaningful things, even on a modest income, if you manage your finances right and make some strategic sacrifices.
Here are some suggestions on how to save money for those great life experiences.
Do your research before making any financial commitments
Many people end up falling into financial difficulty, or at the very least, not saving as much money as they could have, because they are too quick to make financial commitments without having done enough research.
Loans can, for example, be useful, but learning about how different types of loans work — and researching specific lenders and their terms in detail — is essential before taking out a loan. You need to know, for example, that installment loans found online can have higher interest rates, and that payday loans often have highly predatory interest rates.
Research can ensure that you end up borrowing from an ethical and reputable lender, if you do in fact have to borrow.
But the same principle applies to more “everyday” expenses, too. If you need a new washing machine, shop around and compare prices and features. Don’t just shell out for the first shiny device you see.
Quit the unhealthy habits
Smoking cigarettes and excessively drinking alcohol are two of the most common vices that people have, and both are not only a tremendously harmful to your health, but are also tremendously harmful to your bank account.
Nonetheless, many people keep losing huge amounts of money to these unhealthy habits on a regular basis, often because they simply don’t have the right tools available to help motivate and guide them to quitting.
In this regard, Allen Carr’s Easyway method has proven affordable, and very effective, for many people.
Perhaps you frequently drink more than you should when you meet up with friends in town, because it’s a cornerstone of your social life, and you’re nervous that you might not be able to have fun without it.
But in these cases, facing up to this hard situation and finding ways to thrive without the drink can really make all the difference. Not only will you be healthier, you’ll also stop losing whole weekends to hangovers, and you’ll save a lot of money for travelling, hobbies, and more.
Become more mindful with your money, look into budgeting tools
A lot of money is lost in most people’s lives, simply because they aren’t very good at budgeting, and remaining mindful about how they spend the money they do make.
There’s an old saying that says “what gets measured, gets improved”. Usually, this quote refers to the fact that systems in a business tend to become more efficient when they’re more focused. But the same thing applies to personal money management, too.
Simply using a popular and effective budgeting tool, like You Need a Budget, allows you to become effortlessly more insightful about your personal spending, and makes it a lot harder to psychologically justify a wasteful approach to your earnings.
When you have to plan and account for what happens to every dollar, you’re more likely to be emotionally resistant to the idea of binge-shopping when you walk past a sale at the store.