RE: Saturday Savers Club - Savers of the Week (ending 5th of April) - Anniversary post with EDSMMs to giveaway !
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Ooo that's very nice to see everyone's saving tips, great idea to bundle them in a post.
My top saving tips are:
Automation - even the most disciplined of us have moments of tiredness, low motivation, time restrictions and what not. If the savings are automated it takes action to not save and makes saving the norm even when you don't think about it. Setup monthly transfers just after the money comes in and you're golden.
24hr cooldown on new buys - whenever you think of buying something don't immediately do so but wait for 24 hours, many people buy stupid useless shit they don't need or later regret because they act on impulses instantly (in part because of marketing tactics). By forcing yourself to have a 24hr cooldown the likelihood of a bad buy decreases which saves you money and space in your home.
Increased income=increased savings - whenever your income increases make sure to decide on a portion of this extra income to add to your savings. Depending on your cost and standard of living this can be a large chunk of the increase or a more modest part if getting by was hard to begin with. For many at some point it's just adding luxury on luxury and hardly makes life more enjoyable in which case increasing savings is a no-brainer. Vice versa if getting by is rough the more important to keep building the savings and create more freedom that way!