I have read about some money hacks recently and I do use some of them, and some of my own, to get ahead. Curbing spending is hard for a gadget lover like me but I have come a long way. Here are a few hacks I use regularly:
- Time Cost: I ask myself: How many hours did I have to work to buy this? Do I still really want it? How else could I better use this money?
- Come back Saturday: If I find something I like I will wait and come back Saturday to buy it. Most often I don't go back. I call it "impulse buy insurance".
- 30-Day List: Courtesy: Get Rich Slowly. If you see something you want put it on a 30 day list and review after 30 days to see if you still want it
- 2-for-1: Courtesy: Get Rich Slowly. For every item you buy you have to sell or donate 2. This doesn't always work but it is a good incentive to get the clutter down. I use this one now too!
- Sell Stuff First: Similar to above. If their is an item I want I make myself sell something to get the money to buy it. I do eBay often and use my paypal account to keep track of how much I have to go toward that item purchase.
- Going out: Find a coupon, discount, or groupon-like option. I force myself to never pay full price at a restaurant. Saves big!
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