5 Real People on the Small Lifestyle Shifts They Made to Save Money
Saving money is easier said than done, especially when your savings plan includes cutting out your morning coffee or changing your lifestyle entirely. As with dieting or exercising, you have to be realistic about what you're willing to commit to or give up. For some tried-and-true money-saving tips that real people have actually used (with success), Business Insider Australia turned to the Quora thread about lifestyle habits that save money. Below, read up on the simple and realistic changes five people actually made in order to save money and build wealth.
"Remember that saving 5% on a $10,000 item is not at all like saving 5% on a $10 item. I see people spending lots of time on grocery coupon clipping but never stop to consider whether they could move to a cheaper apartment, [or] drive a cheaper car."
"Never buy on impulse. Sleep on it. Ask yourself, 'Do you think it will make you happy a month from its purchase? A few months? A year? Years?'"
"Cut back on hanging out with lavish friends who do lavish things you don't really enjoy. If you love skiing, go. But you don't have to go to Aspen during Christmas and stay at the St. Regis."
"I eat the same lunch nearly every day. Bulk cooking meals is one of the easiest ways to save money. I avoid the stress associated with deciding what I want to eat, and I avoid wasting time waiting in lines or driving to restaurants."
"Believe me, possession of 'things' is a race no one can win. Learning to want the things you already have will save you an incredible amount of money."
Head over to Quora for more real-world advice, and share your money-saving tips in the comments below!