#2 Garage sale and donation weekend!
If you are not a hoarder and find it easy to clear stuff when not required, then you are one step closer to nirvana. Most mortals find it difficult to do that. Unnecessary things purchased during a window shopping visit to the mall or that exclusive exhibition, sit idle in our homes. They are neither used nor discarded. It's time to make a decision. Clearing physical space, helps us think better. We also get an idea about unnecessary purchases made and such expenses can be avoided in the future. So pile up all the things around you which you do not use. Look at it as money lying idle! Organize an online garage sale over the weekend and give it away. You can also choose to donate and gain good karma points!
#3 Roll your sleeves and learn to do things by yourself!
Be creative, think innovative and keep learning. There are so many things around us which are an important part of our daily life. When all is well, we may not pay any attention to it. But when something is wrong with it, it can be a cause of concern. For example, a punctured tire, a leaking tap, loose screw fittings, broken buttons on the shirt, etc. It does not take much to set these things straight, if you know how to do it. Considerable amount of time and money can be saved by doing it yourself. Of course, add to it the joy of doing things by yourself! So invest in a tool kit, plan a visit to the car service center and observe how others work with these small problems. A lot can be learnt by simply observing. Cultivate the desire to learn and do things by yourself.
#4 Timing is everything!
And certainly so when it comes to shopping! Start with the months when there are major discounts on everything. This typically happens twice a year. Now check what your favorite brands have to offer during sale season. Be the first one to hit the stores during sale season and pick things you had an eye on, that too on a discount! Also, classify tentative purchases into categories. This can include classifications like electronics, gadgets, home décor, clothing, etc. If your purchase falls into a category which comes with frequent product upgradations like cameras or cellphones, then check for the next product launch. Chances are the product you wanted to buy will get less expensive when an upgrade is released or you may get a better deal by going in for the upgrade! So time your shopping smartly!
These simple hacks will go a long way. Incorporating these positive habits in our daily life will result in a lifetime of saving. And remember, a penny saved is penny earned. Stacking that cash couldn't get easier and more fun! Try it out today, you can thank us later!
You may also be interested in reading more posts from CreditVidya-
A Beginner's Guide To Managing your Taxes and Money
What is Good Debt and Bad Debt and how to manage it
A guide to Being financially stable
-----------
About the author -
Abhishek Agarwal is a personal finance expert whose sole mission is to empower people to save money by taking smarter financial decisions. He has an MBA from UCLA Anderson School of Management and London Business School. Email Abhishek Agarwal at abhishek.agarwal@creditvidya.com
Chat
Comments