3 Ways To Save Lots Of Money Over A Year Even If You’re A Big Spender

Firstly, we want you to choose the category where you suit best — a natural saver or a natural spender. And if you are one of those natural-born spenders, the art of saving money is never going to come easily to you. It’s almost as hard as shedding your belly fat. You will find yourself earning enough, but you’ll still be struggling your way to meet ends at the end of the month. You know the saying about being always prepared for the future, right? We might encounter any form of emergency at any given time in life, and in times like these, if we are bankrupt, it will hurt us all the way down to our spine.

So what if we are a spendthrift by nature, we can still work our way to save some money, at least for the basic needs or emergencies. And even before we start to explain the ways through which you could save your money, we’re leaving you with a major money-saving hack — work your finances with your partner (only if you have one). This is because it gets easier to double your savings as a couple. Both of you will make sure that you are spending only on the essential needs and not indulging in luxury spending (1).

So, let’s not delay any longer. Here are a few tips that can help you save a lot of money in spite of you being a born spender!

1. Save Your Money In Stages

This method of saving money requires some patience; nevertheless, the end result is fruitful. Learn to save some amount of money every week. Say, for example, if you have saved up to INR 500 this week, try saving a little more the next week. Play it like a game, this way at the end of every week, you’ll be pumped to know how much you have saved. Additionally, saving money stepwise every week will make sure you aren’t on a spending spree throughout the month.

But, this method will work only if you are prompt and save up every week. If you ask us how on earth will you be able to pull this off, the answer is simple. Build an emotional connect with the money you earn. Develop a healthy level of emotional connection with your money. If you do this, the next time you think of spending money on worthless things, it will pinch you in the head!

2. Save While You Buy

If shopping is nothing less than a cardio workout for you, and indulging in it is your favourite thing to do, then we suggest you learn the rules of buying while you’re saving. We know that practically saving while you are spending can’t be a reality. But, we can get somewhere near it though.

How about resorting to shopping only when the end of sale season is on? Almost all of your favourite brands put up the best discounts on their products. And this idea of shopping isn’t just limited to clothing and accessories! Even while you grocery shop, pick those days when the products are at their discounted best. This way, you are indulging in what you love doing most (shopping) without any guilt.

And trust us, you will be blown away by the amount of money you end up saving even after restocking your wardrobe or your house with the newest additions. And if you have a credit card that offers cash back benefits, swipe away and save even more!

3. Spend Major On The Major And Minor On The Minor

There is no point in spending lavishly on a cup of coffee. And you cannot be a miser while deciding on a budget for your dream house. You need to know how much can be spent on the things around you. For the minor things in life, it’s okay to draw a line. While investing in properties, etc. plan and save step by step. Only then will you be able to save money and invest it in a wiser way.

Oftentimes, we find ourselves doing ‘microtransactions’ that aren’t necessary. We need to cut down on that. We also need to cut down on the monthly subscriptions (movie, television serials, etc.) that we indulge in every month.

If you are on the extreme end of the spendthrift spectrum, you might have to redo your daily habits and bring a change in your lifestyle. This is because you might have developed certain tastes in life that devour your paycheck. Saving cannot be achieved with that.

Also, remember that saving is one of the first steps towards a making your life financially independent. The above ideas don’t require much effort. All you need is a strong head and some determination to learn to start saving money henceforth. If you want to add in your suggestions, please do leave them in the comments below!

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