8 Ways to Spend Money Wisely

8 Ways to Spend Money Wisely

An empty purse is as unsightly as a scarred face. If you belong to that community of women who love to indulge and splurge and finally get to bury your head when your pockets go empty, then this article is for you to read. There are ample ways to spend money wisely. For starters, hook onto one and gradually weave other tips into your spending spree.

1. Create a daily budget

Writing down your income and expenses gives a very graphic description when things go awfully wrong. Interestingly, when you have the funds and you are out shopping; there is absolutely no clue where the money is flowing. But document them at the end of the day and you will be in for a shock. A tiny bit of the shock treatment will make you trim your expenses the next day. But create a budget every single day without fail for best results.

2. Saying no to impulse buying

More often than not; women end up buying a lot of stuff that they may not really need in the first place. While it is difficult to fight the temptation of buying a gorgeous pashmina or lovely china, ask yourself a few essential questions. Do not buy things just because you are attracted to the display. Bring them home and there are chances that there is an alternative at home. So think before you shell out money or swipe that card.

3. Watch out for deals and discounts

Get out and shop only during sale seasons and times when your favorite place of shopping announces deals. There is a lot more you can buy during these times than buying the same things for a higher price otherwise. But you need to wait patiently. Great things come to people who wait.

4. A little research can save money

Most times, a product that you choose to buy is available in more than one destination. Picking it up from the first place you visit may not really be a great option without knowing about its deals elsewhere. This holds good especially when you have to make large purchases. Compare brands, prices and quality before zeroing in on one. This does not even cost you time, travel or money because the internet can bring things to your fingertips.

Pages :
1
2
    
Photo Courtesy : Yuri_Arcurs ©crestock.com
TAGS: daily budget, emergency fund, financially secure, More