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How to Save Money Without Sacrificing Your Social Life

How to Save Money Without Sacrificing Your Social Life

It is a tale as old as time; we want to grow up, master the art of adulting and have an impressive bank account that we can turn to for everything from the mortgage to a night out without ever fearing it will be empty. But this is never as realistic of a goal as we hope.

I will never forget the first time I told my mom I wanted to move out after college and get my own place. She was incredibly supportive, but she sat me down and told me I needed to come up with my budget. “Write down what you make versus what you will be spending.”

I thought this would be an easy enough project. After all, my friends would be coming over to see my place, instantly saving me money on eating out and going on expensive adventures. But even with the unrealistic expectation of expenditures, writing down rent/mortgage, electricity and utilities, etc. it quickly became clear that I would have absolutely no money whatsoever. So I was going to have to learn to save before I was able to move out. But how was I supposed to do that? I didn’t want to give up my social life, but I also didn’t want to give up my wallet!

Don’t Panic! Here’s How You Can Keep Your Money and Your Friends.

1. Don’t order an entrée

I always wind up with leftovers when I go out, so this tip helped me save money and stop wasting food! When you go out with friends, choose appetizers or desserts as meals to cut 20-50% off the cost of your outing. This can also be fun if you’re friends do it, too. It makes eating anywhere feel like a tapas restaurant![1]

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Just be aware of the kind of restaurant you’re visiting. While most establishments are happy to take your money, some do have a minimum spending amount and even charge fees for sharing. This info can always be found on a menu or in advance via their website.

2. Drink your own booze

If you plan on going to a bar, drink at home before heading out. If you still want a drink when you get to your destination, opt for only one since bars always up the prices of alcohol. But please don’t drink and drive. This one does take some time to get used to though, as you have to practice a lot of self control. You will be tempted to order more than one drink, especially if you’re at a specialty bar. But remember what your financial goals are when that temptation strikes.

3. Break the Rules

Listen, I’m not trying to get you kicked out of your local movie theatre, but have you seen the prices on popcorn and candy?! Bring your own snacks and buy tickets online from discount sites like Swaybacks or Gift Card Granny. Additionally, some theaters offer reward programs which can add up to discounted tickets.

If you don’t want to get caught bringing in food, opt for a DIY movie night at home with your friends.

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4. Attend a concert for free (as a volunteer)

Almost any event you want to go to will need additional help. Instead of hopping online to their website for a ticket, navigate to the “Volunteers” section of the site or submit a query via the “Contact Us” option. If you need help convincing your friends, remind them that there’s a good chance of meeting the band if you’re helping set up for their show. Sure, you will have to do some manual labor and you’ll probably leave pretty sweaty, but you would’ve been anyway if you were jumping up and down with the band!

5. Shop Secondhand

While this used to be a taboo idea, it’s become a fabulous option in recent years. With stores like ThredUp and Plato’s Closet, you can get cash for your own clothes and then buy other people’s consigned pieces. I’ve found it’s a great way to trade in your out-of-season pieces for trendier options without spending big. Plus it means you have an ever-changing closet which can give the illusion of constant shopping sprees!

Keep in mind that you won’t want to use this option for designer items you have strong feelings for. While it’s a great way to get a little extra spending money, you won’t get what you “think” they’re worth.

6. Keep your closet basic

If you fill your closet with basic pieces (think layering tops and well-tailored jeans), you can have endless outfit options just by switching accessories. If you get caught up with your friends shopping plans, opt for jewelry pieces you want to invest in rather than wardrobe upgrades.

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Recently I went through my closet and separated all of my pieces into outfits. If a couple things could work in numerous ways, I sectioned those items together. This has made shopping easier and cheaper since I don’t inadvertently duplicate items I have, and it’s also helped me speed up my getting-ready-routine in the mornings. Bonus!

7. Stick to a palette

This tip goes hand-in-hand with number 6. If you keep a consistent color palette, you can rest assured knowing all of your items (even new purchases) will coordinate. For instance, pick a color range like black, white and grey and know that you’ll easily pair outfits. Don’t think this means you need to have a cartoon character wardrobe in which you have 7 of the same pants, but just keep it neutral enough that you won’t wind up with that really expensive blouse that requires entirely new pants and shoes.

8. Give thoughtful gifts, not expensive ones

While thoughtful and expensive can sometimes go hand-in-hand, it’s important to stick to gifts your loved ones will cherish rather than fancy gifts they will use once and be done with. I have started shopping for holiday gifts year-round to balance out my budget. This way if I do want to get a couple bigger ticket items, it’s less overwhelming when the holidays arrive.

I like to use this rule of thumb when shopping for others: is it clutter and will they find use for it? I was once gifted a gorgeous crystal picture frame. It was very expensive and lovely, but I had no use for such a nice piece. It became clutter and I ultimately donated it.

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9. Use (discounted) gift cards!

If you plan your outings in advance, often times you can get discounted gift cards that work just like cash from Gift Card Granny or Plastic Jungle. And hey, your friends don’t even have to know you gave the gift card to yourself! Pro-tip: you can also use this as a gift idea for your friends!

10. Create your own social events

If you have a certain skill that your friends always say they’re jealous of, like cooking or decorating, use it to your advantage. Host a day of teaching your friends how to be great at that thing and you won’t have spent a dime! It’s a free way to have a busy social calendar and also be known as the helpful friend.

Like anything in life, saving money is easiest when done with support. Let your friends know what your goals are and ask them to encourage you when you want to make poor spending choices. Looking out for your financial health is nothing to be embarrassed about!

Reference

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Heather Poole

Heather shares about everyday lifestyle tips on Lifehack.

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Last Updated on September 24, 2020

17 Ways Learn New Skills Faster and Enjoy the Process

17 Ways Learn New Skills Faster and Enjoy the Process

In the movie The Matrix, everyone was intrigued with the ability that Neo and his friends possessed to learn new skills in a matter of seconds. With the incredible rise in technology today, the rapid learning in the movie is becoming much more of a reality than you realize.

The current generation has access to more knowledge and information than any before it. Through the internet, we are able to access all sorts of knowledge to answer almost every conceivable question. To become smarter, it’s more about the ability to learn faster, rather than being a natural born genius.

Here are 17 ways to kickstart your Matrix-style learning experience in a short amount of time.

1. Deconstruct and Reverse Engineer

Break down the skill that you want to learn into little pieces and learn techniques to master an isolated portion. The small pieces will come together to make up the whole skill.

For example, when you’re learning to play the guitar, learn how to press down a chord pattern with your fingers first without even trying to strum the chord. Once you are able to change between a couple of chord patterns, then add the strumming.

2. Use the Pareto Principle

Use the Pareto Principle, which is also known as the 80 20 rule. Identify the 20% of the work that will give you 80% of the results. Find out more about the 80 20 rule here: What Is the 80 20 Rule (And How to Use It to Boost Productivity)

Take learning a new language for example. It does not take long to realize that some words pop up over and over again as you’re learning. You can do a quick search for “most commonly used French words,” for example, and begin to learn them first before adding on the rest.

3. Make Stakes

Establish some sort of punishment for not learning the skill that you are seeking. There are sites available that allow you to make a donation toward a charity you absolutely hate if you do not meet your goals. Or you can place a bet with a friend to light that fire under you.

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However, keep in mind that several studies have shown that rewards tend to be more motivating than punishment[1].

4. Record Yourself

Seeing yourself on video is a great way to learn from your mistakes and identify areas that you need to improve. This is very effective for any musicians, actors, speakers, performers, and dancers.

5. Join a Group

There are huge benefits to learning in a group. Not only are you able to learn from others but you’ll be encouraged to make progress together. Whether it’s a chess club, a mastermind group, or an online meet-up group, get connected with other like-minded individuals.

6. Time Travel

Visit the library. Although everything is moving more and more online, there are still such things called libraries.

Whether it’s a municipal library or your university library, you will be amazed at some of the books available there that are not accessible online. Specifically, look for the hidden treasures and wisdom contained in the really old books.

7. Be a Chameleon

When you want to learn new skills, imitate your biggest idol. Watch a video and learn from seeing someone else do it. Participate in mimicry and copy what you see.

Studies have shown that, apart from learning,[2]

“Mimicry is an effective tool not only to create ties and social relationships, but also for maintaining them.”

Visual learning is a great way to speed up the learning process. YouTube has thousands of videos on almost every topic available.

8. Focus

Follow one course until success! It’s easy to get distracted, to throw in the towel, or to become interested in the next great thing and ditch what you initially set out to do.

Ditch the whole idea of multitasking, as it has been shown to be detrimental and unproductive Simply focus on the one new skill at hand until you get it done.

9. Visualize

The mind has great difficulty distinguishing between what is real and what is imagined. That is why athletes practice mentally seeing their success before attempting the real thing[3].

Visualize yourself achieving your new skill and each step that you need to make to see results. This is an important skill to help when you’re learning the basics or breaking a bad habit.

Take a look at this article to learn how to do so: How to Become a Person Who Can Visualize Results

10. Find a Mentor

Success leaves clues. The best short cut to become an expert is to find an expert and not have to make the mistakes that they have made.

Finding out what NOT to do from the expert will fast-track your learning when you want to learn new skills. It is a huge win to have them personally walk you through what needs to be done. Reach out and send an email to them.

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If you need help learning how to find a mentor, check out this article.

11. Sleep on It

Practice your new skill within four hours of going to sleep.

Josh Kaufman, author of The Personal MBA, is a noted rapid learning expert. He says that any practice done within this time frame causes your brain to embed the learning more rapidly into its neural pathways. Your memory and motor-mechanics are ingrained at a quicker level.

12. Use the 20-Hour Rule

Along with that tip, Kaufman also suggests 20 as the magic number of hours to dedicate to learning the new skill.

His reasoning is that everyone will hit a wall early on in the rapid learning stage and that “pre-committing” to 20 hours is a sure-fire way to push through that wall and acquire your new skill.[4]

Check out his video to find out more:

13. Learn by Doing

It’s easy to get caught up in reading and gathering information on how to learn new skills and never actually get around to doing those skills. The best way to learn is to do.

Regardless of how unprepared you feel, make sure you are physically engaged continuously. Keep alternating between research and practice.

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14. Complete Short Sprints

Rather than to force yourself into enduring hours upon hours of dedication, work in short sprints of about 20-30 minutes, then get up and stretch or take a short walk. Your brain’s attention span works best with short breaks, so be sure to give it the little rest it needs.

One study found that, between two groups of students, the students who took two short breaks when studying actually performed better than those who didn’t take breaks[5].

15. Ditch the Distractions

Make sure the environment you are in is perfect for your rapid-learning progress. That means ditching any social media, and the temptation to check any email. As the saying goes, “Out of sight, out of mind.”

Before you sit down to learn new skills, make sure that potential distractions are far from sight.

16. Use Nootropics

Otherwise known as brain enhancers, these cognitive boosters are available in natural herbal forms and in supplements.

Many students will swear by the increased focus that nootropics will provide[6], particularly as they get set for some serious cramming. Natural herbal nootropics have been used for thousands of years in Ayurvedic traditions to improve the mind and learning.

Find out more about brain supplements in this article.

17. Celebrate

For every single small win that you experience during the learning process, be sure to celebrate. Your brain will release endorphins and serotonin as you raise your hands in victory and pump your fits. Have a piece of chocolate and give yourself a pat on the back. This positive reinforcement will help you keep pushing forward as you learn new skills.

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The Bottom Line

Learning a new skill should be exciting and fun. Whether you use online courses, real world experience, YouTube videos, or free online resources, take time to learn in the long term. Keep picturing the joy of reaching the end goal and being a better version of yourself as continual motivation.

More Tips on How to Learn New Skills

Featured photo credit: Elijah M. Henderson via unsplash.com

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