Saving money takes dedication, effort, and self-control! Sometimes having lack of money can make one feel inadequate. Remember God is your primary source who provides the resources. So tap into Him for guidance, and how to be more disciplined. Take small baby steps!
Although you may want to pay off credit cards, to avoid opening more credit-card accounts and to create a budget, it seems like you can’t get anywhere when you think “Money is really tight. I don’t even have the money TO SAVE!” One reason people struggle to save or embark on any investment plan reflects the reality that the goal can seem SO unrealistic and filled with obstacles.
However, there are some things that people can do, like get into the routine of shopping for better terms on various ongoing expenses such as insurance policies, cellphone plans and other utility services to save money. Every little penny adds up. By building a nest egg is to invest (or at least save) these little savings accumulated over time, you realize this pocket change turns into MAJOR savings annually. The Bible says, “Let us not get tired of doing what is right, for after a while we will reap a harvest of blessing if we don’t get discouraged and give up” (Galatians 6:9). Although it seems small, it will work but you got to be patient.
Write down your projected budget for this paycheck. Then go item by item to see if there is a way to decrease spending in that area. For example, spending $20 less each week at the supermarket translates to $1,040 saved annually. This could be used towards the family vacation or the kids braces. A household with a save-first financial approach may find itself making progress toward near-term and long-term money goals. Try to get everyone in the family involved. This helps everyone work together and teach the children basic saving concepts.
Most people struggle with how to save, especially if you have children. You can: Eat out less frequently. Eat early and take advantage of happy hours and early bird specials. Split or share meals with friends. Make your own lunch and bring it to work. Use restaurant coupons. Learn to cook dinner for yourself. Rent movies. Go to the movies in the afternoon rather than in the evening. Visit local libraries, museums, and parks. Participate in sports. Read a book or hike a trail.
There are so many ways you can save money just by making small changes to your lifestyle, or by making a few phone calls to your debtors/creditors. It’s quick and painless, which leads to hundreds of dollars in savings. With the right outlook, saving becomes a commitment. Just like you make it a priority to pay for the electric, water, mortgage/rent or car payment; ensure that you add “savings” to that list. Though money maybe tight, there are more ways to save a buck or two. Check out more strategies at “Ways To Save” on Instagram @slighfoxinc.
