Decrease your spending & remove temptation!
As I move along my journey to financial freedom I am discovering new tricks to curb my spending even before the impulse hits. The only way to pay off past debt is learning how to save money the right way. I’m in my late 30’s but better late than never to learn how to save and spend wisely. Here are a few strategies that have worked well for me the past few months.
Unsubscribe to all store email newsletters and promotions. If you can’t bear to unsubscribe from all the tempting marketing pieces, you can set up an email filter to automatically move the emails to a separate folder. The key to this trick is out of sight, out of mind. The less you see of the eye-catching emails, the better! If you need to purchase something for your little one, you can always subscribe later to the emails to obtain the coupons. I know the coupons for Carter’s, Old Navy, etc. are pure gold. So don’t miss out on the shopping savings but avoid seeing those deals every day in your inbox. Out of sight deals means your wallet stays full.
Throw away mailers, store advertisements, flyers. Don’t let these things find a landing place in your house. Move these items from the mailbox to the trash right away. I love to look at all the ads, picturing how I will decorate my backyard, living room, etc. but I’ve realized that by holding on to these mailers I’m just opening the door to spending and not saving. I will always find something I like, something I just must have and it becomes less about need. Tossing this stuff also helps you avoid clutter, a win win!
Stop window shopping. Change your plans from an afternoon shopping spree with girlfriends to a brunch, beach time, hike, or whatever you like that doesn’t steer you off the course to save money.
Make and stick to a shopping list every single time. I recommend writing a list to help you stay focused if you must venture into a store for a gift or another need. I just went into HomeGoods, a pretty sweet spot for interior design fans like me. Normally I would find the gift and a million other trinkets I must have and suddenly it’s a very pricey day. Sorry HomeGoods but that didn’t happen this time.
I went straight to the area of the store for my friend’s birthday gift, found the item and headed straight to the check-out registers. I did not stop, did not browse and guess what I survived and actually felt pretty darn good. Do not stop, do not get pulled into the shopping frenzy. Trust me on this, you’ll have a new adrenaline with a fatter wallet versus sharing your money with the store.
My journey to save money and payoff debt is definitely a work in progress and I’ll continue to share what works for me along the way. I’d love to hear from you! What are your tips and tricks to save money?