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32 Hacks for Sticking to Your Budget

32 Hacks for Sticking to Your Budget

In January, we asked you for your tips about living within your means and keeping to your budget, with the chance to win a db clay wallet. You gave us 144 responses in total – some of which had excellent advice.

Here’s our round-up of the best tips and tricks for budgeting:

1. Don’t spend more money than you have.

2. Stick to your grocery lists – compile them based on an itemized overview of your household needs and never stray too far from it.

3. In a similar vein, never go grocery shopping hungry!

4. Keep your receipts, or write your own – at the end of each day, list your expenditures. At the end of the month, group those expenditures to create a simple overview of where you’re spending too much or even too little.

5. Pack a brown bag lunch each day. Save hundreds, or even thousands, of dollars each year.

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6. Develop a distaste for Starbucks.

7. Talk yourself out of purchases. Ask yourself, do I need this? Think of various ways you can avoid a purchase that seems necessary through innovative MacGyvering.

8. You don’t need the $100 shirt from the pricey store when there’s a $10 equivalent at the thrift store. You don’t need a room-sized plasma TV when your old CRT still works.

9. Remind yourself frequently of your financial goals, especially when you’re at the mall: paying off a big debt, retiring early, the Macbook Air. Remind yourself that by living frugally, you’re at least in some small way helping the environment.

10. Use cash. Take money out of your account and use real cash from a real wallet to pay for your daily expenses. When you run out of bills, you run out of money to spend.

11. Use credit. Run your finances on credit cards so that you don’t lose big money over the course of the year in spare change spent on coke and McDonalds. Always repay within 48 hours.

12. Never watch commercials. Get a PVR.

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13. Sleep on your purchases. Give yourself a night to consider and rationalize before buying a new toy, and if you rationally decide you need it, you can go back and get it. Mac users may need to take longer – much longer.

14. Review your budget and spreadsheets regularly. Keep your financial situation constantly fresh in your mind. This helps to curb your desire to spend, spend, spend, ensures you know how much you actually have to spend if you need to, and motivates you to pay off debt and save more.

15. Use spreadsheets instead of expensive apps like Quicken – use Google Docs for spreadsheets and you can even save on overpriced office software.

16. Use every last scrap of every last thing you purchase. Don’t waste anything. Don’t leave taps running, don’t throw out the quarter of a plate of dinner you didn’t eat.

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    17. Become a power Nazi. Switch off lights and appliances at every opportunity, and tweak your computer’s power settings to give you the optimum balance between power savings and practicality.

    18. Think about money philosophically – consider your spending behavior as a reflection of who you are. If you would not like to be defined by your purchases of cigarettes, hard liquor and pork rinds, reconsider and make better purchases that reflect the person you’d like to be.

    19. Respect money like you do your family heirloom; that which you respect, can’t be hastily thrown away. It’s not about how much you make, but how much you save.

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    20. Exercise in the great outdoors, or use your own body weight – forget expensive gym memberships and personal trainers.

    21. Diligently organize rebates and send them in on time, every time.

    22. Do extensive research before all purchases, especially impulse purchases. Find the best price online or off, even if it’s “almost new” from eBay.

    23. Do extensive research not only on price, but on durability and quality; buying everything from Crazy Clark’s is a bad decision as far as your long term savings go.

    24. Don’t fall for the vicious technology upgrade cycle. Your laptop is still fine until there’s something actually wrong with it; performance is all in the software you run. Do you need to be running Vista or Leopard or the latest version of Photoshop? For most people, probably not. Wishing for more drains what you have.

    25. If you come under your budget, save the excess. There is no legal obligation to spend it!

    26. Pay yourself first. Take 10% or so off the top of your income and save it before you even start paying bills.

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    27. Base your meals on cheap, but nutritious, food sources instead of fresh produce that goes off quickly all the time. They might be a better food source, but if you want to pinch pennies go to grains, lentils, legumes and beans.

    28. Preventing an impulse purchase with this motivation hack: simply think about how many hours it took you to earn that amount.

    29. When keeping track of credit card purchases, put them into your checkbook as soon as the transaction occurs. That way the checkbook will always have as much money as you actually have, letting you freely pay off your credit card when the time comes.

    30. Don’t keep credit cards in your wallet, or near any of your computers with an Internet connection.

    31. Water is cheap (for the time being) and can easily replace most other beverages, such as soda – just not coffee.

    32. Borrow books from your library, don’t purchase them. This puts an imperative on you to actually read your books (how often do the ones your purchase just sit on the bookshelf?) and saves huge amounts of money if you read a decent amount.

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    Last Updated on November 28, 2018

    Why Do I Have Bad Luck? 2 Simple Things to Change Your Destiny

    Why Do I Have Bad Luck? 2 Simple Things to Change Your Destiny

    Are you one of those people who are always suffering setbacks? Does little ever seem to go right for you? Do you sometimes feel that the universe is out to get you? Do you wonder:

    Why do I have bad luck? Is bad luck real?

    A couple of months ago, I met up with an old friend of mine who I hadn’t seen since last year. Over lunch, we talked about all kinds of things, including our careers, relationships and hobbies.

    My friend told me his job had become dull and uninteresting to him, and despite applying for promotion – he’d been turned down. His personal life wasn’t great either, as he told me that he’d recently separated from his long-term girlfriend.

    When I asked him why things had seemingly gone wrong at home and work, he paused for a moment, and then replied:

    “I’m having a run of bad luck.”

    I was surprised by his response as I’d never thought of him as someone who thought that luck controlled his life. He always appeared to be someone who knew what he wanted – and went after it with gusto.

    He told me he did believe in bad luck because of everything happened to me.

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    It was at this point, that I shared my opinion on luck and destiny:

    While chance events certainly occur, they are purely random in nature. In other words, good luck and bad luck don’t exist in the way that people believe. And more importantly, even if random negative events do come along, our perspective and reaction can turn them into positive things.

    Your luck is no worse—and no better—than anyone else’s. It just feels that way. Better still, there are two simple things you can do which will reverse your feelings of being unlucky and change your luck.

    1. Stop believing that what happens in life is out of your control.

    Stop believing that what happens in your life is down to the vagaries of luck, destiny, supernatural forces, malevolent other people, or anything else outside yourself.

    Psychologists call this “external locus of control.” It’s a kind of fatalism, where people believe that they can do little or nothing personally to change their lives.

    Because of this, they either merely hope for the best, focus on trying to change their luck by various kinds of superstition, or submit passively to whatever comes—while complaining that it doesn’t match their hopes.

    Most successful people take the opposite view. They have “internal locus of control.” They believe that what happens in their life is nearly all down to them; and that even when chance events occur, what is important is not the event itself, but how you respond to it.

    This makes them pro-active, engaged, ready to try new things, and keen to find the means to change whatever in their lives they don’t like.

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    They aren’t fatalistic and they don’t blame bad luck for what isn’t right in their world. They look for a way to make things better.

    Are they luckier than the others? Of course not.

    Luck is random—that’s what chance means—so they are just as likely to suffer setbacks as anyone else.

    What’s different is their response. When things go wrong, they quickly look for ways to put them right. They don’t whine, pity themselves, or complain about “bad luck.” They try to learn from what happened to avoid or correct it next time and get on with living their life as best they can. They have this Motivation Engine, which most people lack, to keep them going.

    No one is habitually luckier or unluckier than anyone else. It may seem so, over the short term (Random events often come in groups, just as random numbers often lie close together for several instances—which is why gamblers tend to see patterns where none exist).

    When you take a longer perspective, random chance is just . . . random. Yet those who feel that they are less lucky, typically pay far more attention to short-term instances of bad luck, convincing themselves of the correctness of their belief.

    Your locus of control isn’t genetic. You learned it somehow. If it isn’t working for you, change it.

    2. Remember that whatever you pay attention to grows in your mind.

    If you focus on what’s going wrong in your life—especially if you see it as “bad luck” you can do nothing about—it will seem blacker and more malevolent.

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    In a short time, you’ll become so convinced that everything is against you that you’ll notice more and more instances where this appears to be true. As a result, you will drown yourself in negative energy and almost certainly stop trying, convinced that nothing you can do will improve your prospects.

    Not long ago, a reader (I’ll call her Kelly) has shared with me about how frustrated she felt and how unlucky she was. Kelly’s an aspiring entrepreneur. She had been trying to find investors to invest in her project. It hadn’t been going well as she was always rejected by the potential investors. And at her most stressful time, her boyfriend broke up with her. And the day after her breakup, she missed an important opportunity to meet an interested investor. She was about to give up because she felt that she’d not be lucky enough to build her business successfully.

    It definitely wasn’t an easy time for her. She was stressful and tired. But it wasn’t bad luck that was playing the role.

    Fatalism feeds on itself until people become passive “victims” of life’s blows. The “losers” in life are those who are convinced they will fail before they start anything; sure that their “bad luck” will ruin any prospects of success.

    They rarely notice that the true reasons for their failure are ignorance, laziness, lack of skill, lack of forethought, or just plain foolishness—all of which they could do something to correct, if only they would stop blaming other people or “bad luck” for their personal deficiencies.

    Your attention is under your control. Send it where you want it to go. Starve the negative thoughts until they die.

    I explained to Kelly that to improve her fortune and have “good luck”, first decide that what happens is nearly always down to her; then try to focus on what works and what turns out well, not the bad stuff.

    Then Kelly tried to review her current situation objectively. She realized that she only needed a short break for herself — from work and her just broken-up relationship. She really needed some time to clear up her mind before moving on with her work and life. When she got her emotions settled down from her heartbreak, she started to work on improving her business’ selling points and looked for new investors that are more suitable.

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    A few months later, she told me that she finally found two investors who were really interested in her project and would like to work with her to grow the business. I was really glad that she could take back control of her destiny and achieved what she wanted.

    Your “fate” really does depend on the choices that you make. When random events happen, as they always will, do you choose to try to turn them to your advantage or just complain about them?

    What’s Next?

    Now that you’ve learned the 2 simple things you can do to take control of your fate and create your own luck. But this isn’t it! These simple techniques you’ve learned here are just part of the essential 7 Cornerstone Skills — a skillset that will give you the power to create permanent solutions to big problems in life — any problem in any area of your life!

    If you think you’re “suffering from bad luck”, you can really change things up and start life over with these 7 Cornerstone Skills. It may even be a lot easier than you thought:

    How to Start Over and Reboot Your Life When It Seems Too Late

    Thomas Jefferson is said to have used these words:

    “I’m a great believer in luck and I find the harder I work, the more I have of it.”

    Your luck, in the end, is pretty much what you choose it to be.

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    Featured photo credit: LoboStudio Hamburg via unsplash.com

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