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3 Golden Rules To Save Money


Managing your finance or saving money can be a challenging lifestyle change. It's more than a simple wants or need categorisation, it gets even more challenging in this day an age of consumerism and influence.

Learning about behavioural economics, finance and evaluating spending decisions are really one way to go about it. Here are a list of 3 things to keep your mind on when deciding to spend that dollar.

1. A DOLLAR IS A DOLLAR, NOT A SAVING


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We got a box of 4 pastries. When we only need 2 tarts, but, because we can save $1 when we buy 4 of them, we got 4. In actual fact, we've spend $5 when we could've spend only $3. Did we save $1 or spent an extra $2 on 2 extra tarts we don't really need?

2. STOP IMPRESSING PEOPLE


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Functionality against designers, I agree that designers item looks enticing but if you're trying to save money don't. A shoe is a shoe, if you can get a good pair of $50 shoes that covers and protect your feet, you shouldn't be spending $175 on sandals only because it's trending.

3. STAY HEALTHY


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You don't have to spend much on Gym membership, you could basically get every training off YouTube. Run in your neighbourhood, invest on weights. This will save you on medical bills and time lost due to illness.

Saving money requires a change in lifestyle, like any investments, it's how hungry you want to change. These are some personal changes that I took, to save up.

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