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4 Things Worth Spending On For A Happier, Healthier Life

4 Things Worth Spending On For A Happier, Healthier Life

While most of the people explore ways to save some money, there are things in our life that are worth spending a bit of your cash. There are things that do not cost much, but can really make you or people around you, happier and healthier.

Here is a list of  the Top-4 things you really shouldn’t cut money on, in everyday life.

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1. New experiences that enrich your life

You deserve to treat yourself. All human beings are selfish by their nature, and there is nothing wrong in being a bit selfish. You should not sacrifice your whole life to other people or animals. And the first way to spend your money effectively is new experience. It is rather a service than material goods. Under new experiences, people usually think education or job. But that’s not what I mean. Right now, we’re talking about active leisure, sports, and tourism. These things may not be that cheap, but they enrich your life for ages ahead. Besides, if you know all the tricks, you can avoid wasting too much money on your trip to the neighboring country.

You can learn more about how to save money on your trip. The researchers at Cornell University observed that material items are not as expensive as our mental values. We would buy a recently released smart phone and get tired of it in a few months, when a more fashionable model appears. However, we would never forget that amazing vacation on the seaside, snowy trip to the mountains or the exciting safari with rare animal species. It should not be just about going abroad or travelling to the Miami Beach, this point involves attending art exhibits, music gigs, doing outdoor activities, or simply learning a new skill. You might have never tried playing mini-golf or parasailing. Well, it’s never too late. Perhaps, you will discover that you truly enjoy this new experience. These activities usually cost up to $20-25, but your experience will cost much more.

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2. Home Accessories & Decoration

You may wonder, but your health condition and mood greatly depends on the place where you live or work. Your apartment’s energy has a great impact on your guests as well. After all, it’s an impression you leave. That is why it’s crucial not to ignore the role of overall tidiness, general repairs, and, of course, small accessories that make the atmosphere snug. Nothing in the world works better than fast flower delivery when you’re expecting someone to arrive.

Other than the wonderful smell and positive visual effect, these living creatures also add a punch of color and good mood to the rest of your day. Consult local florists and select your type of flowers: chrysanthemums, sunflowers, roses, or Peruvian lilies.

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3. Beauty and Grooming

This hack implies taking care of your hair, body, and clothing. Appearance always matters. You may be a great professional, but you’ll create a negative impression if you look unkempt. I should warn you that this section involves the greatest spending. You may decide to purchase cheap cosmetics or hair-care goods, but you risk making the situation even worse. Nowadays, it is recommended to pay more for bio-cosmetics instead of destroying your hair or nail structure with $1-3 shampoo or nail polish.

Remember: you’ll never get high quality for low price. That’s all myths people tell to sell. Call your friend, bring sushi with a bottle of good wine, and enjoy at-home hair dye. Home procedures may save you some money only in case you know people who are experts in this area. Don’t allow just anyone to color your hair or do some make-up. It is better to get your hair professionally dyed. After all, it will be very difficult to repair the damage done by cheap products.

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4. Healthcare and Medicine

Perhaps, this is the most critical of all the points given here. People often ignore doctors, until the day something goes wrong. It is advisable to pay for extra examinations, even when you believe you’re absolutely healthy. We may not feel many of the health disorders, in their initial stages of development. It is crucial to take medical tests periodically. It is easier and much cheaper to get rid of a disease at an early stage than to fight with a serious one later. In addition, don’t hesitate to spend your cash on vitamins and minerals to keep fit.

Being close-fisted in these circumstances may ruin your life. Fitness gyms, travels, house decorum, hospitals, and beauty salons are things that are really worth your attention. You will never feel pity for investing a particular sum of money in your health or your child’s future. So, stop buying just every new tablet or shoes on the market – it’s time to think about more responsible aspects of our life, that will make you happier in the long run.

Featured photo credit: storiesofworld.com via storiesofworld.com

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Melissa Burns

Entrepreneur

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Published on November 20, 2018

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

Why Your Past Prevents You from Saving Money

Are you constantly thinking about your financial mistakes?

If so, these thoughts are holding you back from saving.

I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

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How to Effortlessly Track Your Spending

Stop manually tracking your spending.

Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

The Truth on Why You Keep Failing

Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

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Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

  1. Save more than 50% of your available money (after expenses)
  2. Only buy nice things after saving
  3. Automate your savings with automatic bank transfers

These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

How to Foolproof Yourself out of Debt

Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

So how can you separate yourself from the 60%?

By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

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Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

A Proven Formula to Skyrocket Your Savings

Having proven systems in place to help you save more is important, but they’re not the best way to save money.

You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

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Transform Yourself into a Saving Money Machine

Saving money isn’t complicated but it’s one of the hardest things you’ll do.

By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

What are you waiting for? Go and start saving money, the sky is your limit.

Featured photo credit: rawpixel via unsplash.com

Reference

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