Stop Wasting Money The Simple Way

cash, counting cash

You need to be more frugal. You’ve got to be. Statistically speaking anyway. Why? Because in a recent report by some hotshot survey team (Bankrate rings a bell), almost 1 in 4 Americans now has more credit card debt than they have savings. That’s not a good place to be. In fact, it’s a terrible place to be. It’s that sort of milestone you never want to hit. And yet, here we are, having to hold up our collective hands and say, “we’re not so good with money”. 

Part of the problem is the education system. It’s completely geared toward getting you the best job you can, from start right through to finish, and yet not one school has a module on money management. It’s nuts. Nonetheless, you can’t use that as an excuse when the internet offers you a free education on this subject. 

Thankfully, all you need to do to become a little more frugal and money smart is make a few teeny-tiny tweaks in your day to day life. Don’t believe us, just read on. You’ll be pleasantly surprised. 

1. Don’t Pay Full Price

Absolutely everything that gets slapped with a price tag will be slapped with a discount tag at some point or another. Clothes, food, plane tickets, hotel rooms, everything. So instead of shooting yourself in the wallet, stop buying things at full price. 

2. Get Rid Of Cable

This is a hard one to swallow. We know that. But what’s the point in paying $99 a month for 3,567 channels you don’t watch when you can get Netflix and Hulu for a combined total of $15 a month? Trust us: no one that has made the leap has ever gone back to cable. No one. 

3. Don’t Shop Hungry

One of the worst things you can do is go grocery shopping when your belly is rumbling. You’ll just end up buying loads of stuff you don’t want or need (and probably see it go to waste too). It’s a much better idea to go shopping after a meal and with a list of things you need. Don’t deviate from the list.

4. Get Some Help

Like we said, there is no lesson on how to be better with your money, so hire someone in the know instead. If you’ve been caught in a car accident, go to and hire a lawyer that will be able to get you the most compensation instead of winging it. If you want to invest some of your money, hire a portfolio manager who knows what the best stocks and shares are. If you want to up your pension, go and chat to a financial manager. Simple. 

 5. Only Carry Cash

Tapping a card on a machine doesn’t feel like you’re spending money. It just doesn’t. What does, however, is getting your weekly spending budget out in cash and only using this to make purchases. Trust us, you won’t be making any willy-nilly, needless transactions if you see your money physically leaving your wallet.

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