How often do you spend money? More importantly, how often do you spend money when you don't need to? Simplify your budget and find out by limiting your spending to two or three days per week.
Photo by Dafne Cholet.
As personal finance blog My Mixed Up Money explains, while it might sound tough, it's fairly easy to limit your spending to just a few days a week, if you plan ahead right. Once you do, your temptation to spend more than you should drops.
This might sound hard, but in reality, it's extremely easy. I keep myself busy with activities and plans during the week that are cost-free or I have already paid for. I leave one weeknight open for gas, grocery, and dining out experiences. Before I had this rule I was always spending for such lacklustre reasons. I was bored, I was hungry (because I was bored), I didn't want to make dinner tonight, and I needed to go see a new movie. Well that's changed. Because I make my breakfast, lunch, and dinner every day, I am saving so much more than the average full-time employee.
Of course, food is one of the biggest sources of impulsive spending, but purchases for things like gadgets or events can probably also wait a few days. As a bonus, if you wait a few days to buy something, and then realise in that time that you don't really care that much about what you're spending money on, you've automatically saved that money.