Change your habit; the habit of
spending. Firstly you need to learn how to save on small things. Saving,
spending, they go hand in hand. This is probably the fastest and easiest way to improve your financial situation. We’re
not always fully aware about the money we spend on certain daily habits. Habits
are a very strange thing. They just happen time and time again, and generally subconsciously.
If you put a value on each time you
‘do’ a habit it ends up costing a small fortune. If you go to the same coffee
shop day in and day out: that’s a habit. Drinking coffee in a local coffee shop
on a daily basis drains your monthly budget. How can you break that habit? Well
that’s not for us to say, but we’ll give it a go anyway. We know you need your
coffee, but just consider how it gets into the cup. Maybe pick up a home coffee
machine, or get one at work, they really do produce great coffee these days and
cost cents on the dollar. Try taking a bottle of water with you so you might
sip on that rather than get a coffee for the sake of it.
How much electric energy or water
are you using each day? It’s not one of those free resources that are just
there like air, it costs money. If the weather outside is not very hot, you
don’t need to use the air conditioning and vice versa, if it is not very cold
you can turn off or set the heating at a lower temperature. If no one is
watching TV or if no one is working on the computer, turn them off, or power
them down. Make sure that the taps are turned to the end and don’t let the water
run unnecessarily. Have a 10 minute shower instead of a 30 minute shower. It
all costs money and if you adjust the way you do or use these things, they’ll
end up saving you money.
This has nothing to do with
skimping – it’s just a case of thinking what it is costing you unnecessarily, and
then adjust your habit. By cutting down on some of those habits, you’ll have
reasonable savings by the end of a few months.
No-one is saying “don’t do that
anymore” but if you’re honest with yourself you know there are many, many, more
“habits” that you could adjust. A slight adjustment will save you a lot of
money over the course of a month.
So do you know what the fastest
way to improve your financial situation is yet? Habit: Change: Adjustment:
Realigning; any of those will cover it.
What habit do you need to change?
A good start
to understanding the habit change process is by downloading our Free Your Money Sense e-Book: “6-steps to Financial Security”.
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