Save Money For Yourself, Not For The Future

Being money-smart in these trying times might not be easy for everyone, and rightfully so, because it just isn’t easy. Life isn’t as simple as back then when your parents were in their youth and the average person could buy a house with a regular wage for not absolutely ridiculous amounts of money. Sadly, as we all know, things have only gotten worse in the past decade or so, with bigger cities starting to reach ridiculous levels of housing prices, leaving most people only with the option to share flats in cities like London. Having your own place means you either have no money to spend on food for the month, or you are already in a position where you could be saving up for a house. But that’s enough of rambling about houses, because that is not the only thing that’s gotten expensive. With even Freddos reaching a 99p price tag, we have more than enough reason to be outraged, so if you hope to be able to buy a Twix in the next few years, then keep reading because we are going to briefly look at some ways in which you could be a bit smarter with your money. After all, how’s one supposed to live without some chocolate in the long run?

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Don’t get too big for your boots

If you aren’t earning 20 or more thousand a year, keep in mind that if you hope to have any sorts of savings at the end of the year then you shouldn’t really buy a large frappuccino and cookies at Costa every day. It might sound harsh, but realistically speaking coffee spendings adds up over a week, and is definitely a visible dent in your paycheck by the end of the month. Add that up with a few times you go out with friends and buy pizza, and you’re back at square one. Sure everyone wants to live it up a little, but sometimes we have to come to terms with reality and try to be a bit more responsible, as unappealing as the option often is.

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Be responsible, not for the sake of it, but for yourself.

We often hear “save money” and then when confronted with the

obvious question of “Why?”, we usually receive some half-effort response in the type of “for the future”. While that isn’t wrong and is actually completely reasonable, it’s not always something which can get us through the month of our tedious nine to five for the month. We need the carrot at the end of the stick to be a bit closer in order to be properly motivated, because as it happens, we just aren’t very smart for the most part. Even if it may initially seem like it, we just aren’t built to be automatically responsible, so if you’re in the vast majority of people who would rather live their life then save for life in 10 years, you are not alone.

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Image source: Pexels

Think of it this way, if you do not manage to save any money, you might get yourself into some serious financial trouble somewhere down the line. Unexpected expenses happen more than we would like then to, and if we do not have something to fall back on at those moments, we may find ourselves in rather unfavourable situations. Even if you do not have anything at that moment, you can rely on things as peer to peer lending even when your credit rating is terrible, and you’ve lost just about everything. Of course, the best course of action would be not to have to fall back on something at all, but life is life, and nobody is perfect. So rather than thinking of saving “for an eventual time when I’ll be able to sit back at the beach”, think about saving for the now. For the unfortunate possibility of some untimely fees like medical bills, down payments for your flat, the sudden need to move, maybe even sudden need for travel. We never really know what life has in stock for us, so at the end of the day, you’re just better safe than sorry.

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1 Comment

  1. January 31, 2018 / 8:48 pm

    This post is spot on. I always struggle with saving money (I am one of those people who buy Costa at least once a week) and yet I’d love to be able to save it for better things in the future… Which is hard to envision at the present moment! Like you said, I should just save because I want to and not because of something that might happen in future.

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