Let’s face it: Stressing out over money can be seriously stressful. But taking control of spending and saving, even just a pocket-full of that N200, can help alleviate some of the worry.
Whether you want to be a millionaire, or simply want to stop spending your paycheck before you get it, there are some surprisingly easy ways to tuck away a little cash.
From shopping smart, to turning your home into a cinema, we’ve got some easy ways to save more money, fast.
Save your change
Every single day, there’s always have change left in out wallets that we end up just spending on trivial or unimportant items.
At the end of each day, put your loose change somewhere. Do this every single day, and check how much you’ve been able to save at the end of the month. This will leave you amazed, and you’ll be encouraged to do more.
Take lunch to work and save
Most of us don’t realize how much we spend on simple things like lunch buying a lunch everyday rather than bringing one prepared at home. Many people save a lot of money by always making more dinner than they need and then taking some of the leftovers to work the next day for lunch.
If this doesn’t appeal to you, you can make something else. What ever you do, it should be much cheaper than buying a lunch every day.
Stick to your grocery list
According to research, people who can avoid impulse spending can save up to 23% on their grocery bills. So create a grocery list and stick to it if you really want to save some money.
You’ll always see that item at the store that is actually not on your list of needs. At this points, look into your list and only go for it if you find it there. By using a list while shopping and sticking with it, you’ll be amazed at how much you’re able to save.
Buy a quality used car rather than a new one
Because the quality of cars has increased, it means that buying a used car is less risky than it used to be. Buying a used car rather than a new one can literally save you tens of thousands of naira in some cases.
This also applies to everything else. If buying a new item would eat deep into your pocket, the you should consider going for one that’s used, but of quality. Maybe buying a laptop was not in budget, and it suddenly came up, you could save a lot by buying a used one.
Use ATMs sparingly
Be smart about ATM trips. Try withdrawing a set amount each week and sticking to it, that way you won’t be forced to hit up a non-affiliated bank, and get charged for ATM fees.
To stay organized, you can divide cash into envelopes—not just an app—with categories like “food”, “rent”, and “fun”. When an envelope goes empty, it’s time to stop spending in that section. Paying with cash will also keep you in check than using an ATM.
Create your own theatre
Turn at-home movie watching into your own mini cinema. Get pop corn and soft drinks if you must.
Turn off the lights and the phones, and save chatting for after the movie for a theater-like experience without shelling out tons of money.
Clean out your closet
Take some time to actually put everything where it’s supposed to go. Once you’ve organized your clothes so everything has a place, it’s likely you’ll find forgotten items hiding in your closet and rethink buying a whole new wardrobe.
Also ensure you take care of the clothes you have. Clothes are an expensive investment, and taking good care of your wardrobe can save money over time. Take small steps—sew on lost buttons, patch jeans, etc. —to keep clothes past their prime.
See, it’s not really hard, is it?