Are you a natural spender? Do you find it way easier to go to the mall and spend money than to stay home for the day and save money instead? What do you do if you want to save money when you’re a natural spender?
Maybe you’re a natural spender without realizing it. You might think that you really are trying to save money, but wind up getting frustrated when you check your bank account balance to find that it’s even lower than last time you checked it.
So what if you are a natural spender? How on earth are you supposed to save money?
When I was younger any money that was in my possession was quickly spent on candy. I couldn’t save a dime to save my life. Thankfully, as I got older I grew out of those bad spending habits (my teeth also thank me) and started really thinking about the purchases I made.
But I understand that not everyone grows out of bad spending habits, and some people acquire even more bad money habits over the years.
If you’re a spender trying desperately to find ways to save money, let’s get right to it.
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6 ways to save money when you’re a natural spender
1. TRACK YOUR SPENDING
Track every penny that goes out of your bank account and wallet. Save receipts and write every expense down.
This might not sound very fun, and the truth is – it isn’t. I honestly don’t like keeping track of all our expenses, and every little bit of money we spend, but it’s what has to be done if you are serious about saving money.
2. MAKE A BUDGET
After you’ve got your spending habits in hand, make yourself a budget. It doesn’t matter if you want to quickly scribble a budget down on a piece of paper or use this preformatted budget, as long as you have one.
Creating a budget is going to help you keep track of all your money, and it will tell you exactly how much money should be going where.
It will show you how much money you should be spending every month on food, how much money you should be spending on vehicle expenses, rent, and so on.
3. BE STRICT WITH YOURSELF
You might not want to hear this one, but being strict with yourself is something you absolutely need to do if you tend to spend money when you should be saving it.
Now that you’ve made a budget and are tracking your expenses you need to stick with it.
Make sure you stick to your budget, don’t give yourself cheat days. Even if you’ve been doing great for a month or so and you feel like it’s fair to give yourself a cheat day – don’t do it. Keep pushing on because as soon as you take one step back it will be really hard to start going forward again.
4. BUY DISCOUNTED ITEMS
Don’t be too proud to shop at discounted item stores. You can find great quality, name brand clothes at a wide variety of different thrift stores and discount stores.
You may have to sift through some not-so-clean, not-so-nice clothes, but when I shop at thrift stores for clothing I am often quite satisfied with my finds, and I don’t have to spend $10 (or even $5!) for a t-shirt.
If you need new appliances shopping at local scratch and dent stores is a great way to help you spend less money so you can save more.
Quite often they will have appliances that work perfectly but have a small dent or imperfection somewhere on them (usually unnoticeable), and sell them for a fraction of the cost of buying new.
5. USE COUPONS
I used to hate the thought of couponing. I didn’t have time to sit around clipping coupons all day, and I’m sure you don’t, either!
Thankfully there are smart, time-effective ways to coupon that allow you to save money on products you would buy anyway, without spending too much time clipping coupons.
One of my favorite ways to use coupons is from the app Flipp. It’s a couponing app that has all the fliers, deals, and coupons for your local stores.
If I need to buy chicken I can do a quick search in the app for “chicken” and it will show me the stores around me that have the best deals and if there are any coupons available to get an even cheaper price.
6. SET UP AUTOMATIC PAYMENTS INTO YOUR SAVINGS ACCOUNT
Oh, the conveniences of modern day banking. Set up your bank account to do an automatic transfer from your checkings account to your savings account on the day that you get paid, this way you won’t be tempted to spend the money you made and save what’s left over – you’ll automatically be saving first then spending if there’s anything left over.
Saving money isn’t always easy, but I promise you it doesn’t have to be as hard as you might think it is.
What are some things that work best to help you save money when you struggle to? Are you a natural spender, or a natural saver? I’d love to hear your best tricks on ways to save money when you’re a natural spender!
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