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How Saving Money Is Still Possible Even If You’re on a Tight Budget

How Saving Money Is Still Possible Even If You’re on a Tight Budget

We have all been there. Checking our bank accounts obsessively, fruitlessly hoping that money will just show up. Maybe you’re in the midst of a job transition, or maybe you don’t have a steady job at all. Whether you make your money through odd-jobs, a steady salary or part time work, there is a way to save money, despite the budget.

It’s scary, right? Trying to make ends meet while not turning into a recluse and always having to make up excuses while you can’t go out. You can start to feel like a bad friend and a lame person. But that’s just not the truth. We’ve all struggled with money, despite our age or profession. It takes time, effort and a whole lot of patience and self-forgiveness before you can figure out the right way to save. But there is hope!

When You Get Money in Your Account, Pay Yourself First

Even if you don’t earn much at the moment, there is no excuse of spending more than you save. Have you ever heard the expression, “Pay yourself first?” Whether you have a salary in which you automatically contribute a percentage of your paycheck to a 401k or your savings account, or even an old-school piggy bank where you store loose change, it’s so important to pay yourself (aka: put some money aside) before you spend on anything else. And if you use the solutions below, it can be easier than you think.

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Saving Money Can Be Easier Than You Think If You Do These 8 Things Regularly

1. Negotiate new rates and fees

This one can be scary for people who aren’t used to asking for things, but it’s so important and it really does work. I hate owning credit cards, but with an upcoming wedding, it’s sort of a necessary evil for me. But I was really sick of the high APR on the card I used often because I had been a long time customer and always paid more than minimum. Once I had paid the card off, I called and told them they would either lower my interest, or I would take my business elsewhere. Guess which one they chose?

You can also do this with utility bills. Call the companies and ask if they can work with you on the fees. If not, threaten to go to their competition. Don’t be hateful, I’m not encouraging you to start fights, but stand your ground and let them know you’re willing to pay someone else.[1]

2. Unplug the unused electronics (It’s not only an environmentally-friendly practice!)

Well, unplug all the electronics in your house. Did you know that if something is plugged in, regardless of whether or not it’s being used, it’s still sucking up energy and increasing your bills? So unplug your phone charger, the blender, the coffee machine, the TV, your computer charger…. you get the point. You’ll be amazed at what you start to save.

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3. Draft a list before you go shopping

Everyone knows to avoid grocery shopping when they’re hungry. It’s a sure way to buy way more than you intended, all because of your growling tummy. But the same thing happens when you don’t have a list/you don’t stick to your list. Plan ahead and stick to your shopping plan. More so, buy in bulk for cheaper prices and download some grocery store rebate apps on your phone!

4. Balance your checkbook

I know, I know, I sound like your parent. But balancing your checkbook is a great way to know how much money you actually have. Financial apps, like the one your bank no doubt offers, are great, but they aren’t always current to the minute. This can lead to hefty overdraft fees if you aren’t paying attention and spend more than you have. Seriously. Do it.[2]

5. Use cash before your card

The budget I created for myself involves reserving envelopes of cash for specific things. For instance, $200 specifically for groceries, $50 for restaurants/coffee shops and $25 for miscellaneous. I would only spend according to those envelopes, and if I ran out of cash, then I’ve spent all I can. Too bad. This is done in hopes of having a certain amount leftover at the end of the month to be put directly into my savings account. While it isn’t always realistic/smart/safe to carry around envelopes of cash, the idea is a good one. Really limit yourself to what you want to spend, and use cash before your card. There’s something about the feeling of handing over paper money that hurts a lot more than swiping some plastic.

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6. Bank on other people’s poor spending habits

You know that one friend you have who is always spending money on the latest trend and winds up with a box of stuff he/she no longer wears? Maybe they donate it as a tax write-off, or maybe they just throw it out. Tell them you want it instead! You’ll have a constantly changing wardrobe and it won’t cost you a dime! If you don’t have a friend like this, then buy used in general. Thrifting used to be taboo, but now second-hand is all the rage. eBay, Poshmark, ThreadUp and more are all great options to get new items for less.[3]

7. Get a programmable thermostat

This is one of those options that requires you to spend some money in order to save it, but for around $40, you can get a basic model and cut your energy bills by 15% ($45 a month!!). Some of these apps even sync to your phone, so you can adjust the temperature from anywhere. That’s a great feature for someone like me who constantly forgets to set it to 78* before leaving in the morning!

8. Pack your lunch

It can be so tempting to go to lunch nearby every day, especially if you work in the city. But have you ever calculated what you spend in a week on lunch or coffee? It’s sickening! If you go out to lunch 5 times a week, pack your lunch three times next week and see how much you save. You’ll be shocked and your bank account will thank you!

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So what do you think? Doable, right? I told you. Have other money-saving tips not mentioned here? Make sure to share!

Reference

More by this author

Heather Poole

Heather shares about everyday lifestyle tips on Lifehack.

The 7 Types of Learners: What Kind of Learner Am I? What If All the Choices You Make Every Day Aren’t What You Need Most? What To Eat (And Not To Eat) When You Are Suffering From Inflammation! Yes Life Can Be Boring Sometimes. But There’re Some Tricks to Make It More Interesting Why Our Personal Values Matter More Than Ever Today

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Last Updated on December 9, 2019

7 Techniques to Stay Focused and Avoid Distractions

7 Techniques to Stay Focused and Avoid Distractions

The world has become a very distracting place, you don’t need me to tell you that. Where once we could walk out of our house or office and disappear into our own world with our own thoughts, we are now connected 24 hours a day to a network that’s sole purpose is to make us available to anyone and everyone at any time they choose to disturb us.

Of course, it is very easy to sit here and say all you have to do is turn off your electronic devices and just allow yourself several hours of quiet solitude; but the reality is far harder than that. There is an expectation that we are available for anyone whenever they want us.

However, if you do want to elevate yourself and perform at your best every day, to produce work of a higher quality than anyone expects and to regain control over what you do and when you will need to regain some control over your time, so you can focus on producing work that matters to you…

The good news: You do not have to become a recluse. All you need are a few simple strategies that will allow you enough flexibility in your day to stay focused to do the work that matters and still allow you to deal with other people’s crises and dramas.

Here are 7 ways you can stay focused and be less distracted.

1. Find out When You Are at Your Most Focused

According to research, brilliantly documented by Daniel Pink in his latest book, When: The Scientific Secrets of Perfect Timing, our brains have a limited capacity to stay focused each day.[1]

From the moment we wake up to the time we turn in for the day, we are using up our brain’s limited energy resources and, depending on the time of day, we will be moving between strong concentration and low concentration.

This means that for most people, their optimum time for sustained concentration and focus will be soon after they wake up. For others, it could be later in the evening—a kind of second wind—but that is rare.

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Once you understand this, you can take time to learn when you are at your best and to protect that time on your calendar as much as possible. If you can, block it off and use that time for the work you need to do that requires the most concentration each day.

2. Get Comfortable Using ‘Do Not Disturb’ Mode

We have the ability to switch our electronic devices to do not disturb mode. Where all notifications are off and your phone or computer will not alert you to a new email or message.

Now after testing this function for a number of years, I can happily report that it does work.

When I sat down to write this article, I put all my electronic devices to do not disturb, closed down my email and began writing. I am safe in the knowledge that until this article is written, and I turn do not disturb off, there will be no interruptions or distractions.

Of course, it is not really about whether do not disturb works or not, it is whether you are willing to turn it on or not.

Most people believe they have to be constantly available for their boss or customers. This is not true at all. What has happened is because of your always available status, you have conditioned these people to turn to you first whenever they have a problem.

You are not actually helping them at all. You are preventing them from having to think for themselves and develop the skill of problem-solving. By not being so readily available, you help them a lot more.

What it comes down to is your boss and customers are going to be far more positive with you, if you deliver your work to the highest quality and on time than you being available 24/7. Trust me on that. I also tested that one.

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3. Schedule Focus Time Every Day

This technique is a lot easier than you may think.

First, you figure out when you are least likely to be disturbed. For me, that is between 6 and 9 am. for a lot of my clients, they find the first 90 minutes in the morning at their workplace is when they are not likely to be disturbed. This is important because you want to be building consistency.

Most people start their day by checking their email and other messages. While they are doing that, they are not going to be bothering you. Now there is no rule about when you should be checking your email. The chances are email is not going to be where you want to spend your most focused time, so you can decide to check your email at say 10:30 am.

Dedicate 30 minutes from 10:30 am to 11:00 am for email processing and use the first 90 minutes of your day for doing your most important work. You will surprise yourself by how much work you get done in that ninety minutes.

4. Plan Your Day the Night Before

One of the inevitabilities of life is there is always a plan for the day. The choice is whether the plan you have is a plan of your own making or not. If you don’t have a plan, then the day will take control of you. Other people’s priorities, urgencies and dramas will fill your day. As the late Jim Rohn said:

“Either you run the day or the day runs you.”

If you take control and make it a habit to plan out what you want to accomplish the next day before you go to bed, you will find yourself staying more focused on your work and be less likely disturbed.

Now when I say plan your day the night before, I do not mean you need to spend an hour or so planning and mapping out every minute of the day. Planning your day should only take you around 10 to 15 minutes and you only need to decide what 10 things you want to complete — 2 “must do” objective tasks and 8 “would like to do” tasks. What I call the 2+8 Prioritisation Technique:

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Do not be tempted to go beyond 10 tasks for the day. When you do that, you do not have enough flexibility in your day to handle crises and other unknown issues that will pop up throughout the day.

When you do not build in flexibility, you will soon stop planning your day. Only plan tasks that will have the biggest positive impact on your work and projects.

5. Learn to Say “No”

I am sure you’ve been told this before. We are wired to please and this results in us wanting to say yes to every opportunity that comes our way. The problem is we cannot do everything and every time you say “yes” to one opportunity, you are saying “no” to another opportunity. You cannot be in two places at the same time.

Jay Shetty shared an inspiring video on JOMO “Joy Of Missing Out”. Here’s the video:

Rather than allowing ourselves to be succumbed by FOMO (the Fear Of Missing Out), we should replace that ‘fear’ with the “joy” of missing out. Because of our need to please, we say yes to things we really don’t want to do; yet when we do that, we miss out on doing things that bring us joy—creating something special, spending time educating ourselves and just having some quiet alone time with ourselves.

Learn to say “no” every time you get a notification to your phone. Ignore it. Learn to say “no” to your colleagues when they want to gossip. Learn to say “no” to volunteering when the thing you are being asked to volunteer for does not excite you. Just learn to say “no”.

By saying “no” to opportunities, distractions and interruptions, you are saying yes to better and more meaningful things. Things you do want to focus your attention on.

6. Create a Distraction-Free Environment for Your Focused Time

This has been possibly the most powerful tip I learned when it comes to focusing on what is important. Have a place where you do only focused, high-concentration work.

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Now this place needs to be clean and only have the tools you need to do your work. If it is writing a report or preparing a presentation, then it needs a table and a computer, nothing more. Files, paper and other detritus that accumulates on and around people’s desks need to go. A clean, cool and well-lit environment is going to do a lot more for your focus and concentration than anything else.

The dining table in our home is where I go for undisturbed, focussed work. I take my laptop or iPad, and only have my writing app open. Everything is closed down and the computer is in “do not disturb” mode. There is nothing else on the dining table just my computer and my water tumbler.

Because that is my designated focus area, I only go there to work when I have something that needs total focus and concentration. I am there right now!

7. Be Intentional

The reality is, if you absolutely need to get something done then you need to be intentional. You have to have the intention of sitting down, focusing and doing the work.

There’s no magic tricks or apps that will miraculously do all your work for you. You need to intentionally set aside time for undisturbed focus work and do it. Without that intention, you can read as many of these articles as you like and you still will not get the work done.

It is only when you intentionally set yourself up to do the work, turn off all notifications and do whatever it takes to avoid distractions will the work get done.

The Bottom Line

The strategies and tips I shared in this post will go a long way to helping you become better at focusing on the important things in your life. No matter what they are, you are in control of your time and what you do with it and where you spend it, never give that control away to anyone else.

Protect it and it will be your servant. Give that control away and it will become your master and that is not a good place to be.

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Featured photo credit: Manny Pantoja via unsplash.com

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