Munif Ali

3 Simple Steps to Enjoy Life While Saving Money

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Saving Money

It can seem impossible to spoil yourself and enjoy the fruit of your labor when you prioritize how to save smarter. However, breaking free from your old ways is the key to modifying your money-friendly lifestyle. How do you save in 3 simple steps? Find out the answer in this article to save smarter and still have fun.

What Makes Saving Hard

Savings are often difficult to maintain due to high living costs. In fact, 59% of Americans are uncomfortable with their savings, with 27% not having any emergency savings at all. With little resources left to allocate to wants and savings, it puts you in a tough situation where you might think it is better off saved than spent. To save in little ways while still enjoying life, here are easy measures you can take to minimize your expenses and still give yourself credit for your hard work.

1. Using deals and discounts

Deals and discounts are undeniably everywhere, sometimes even going unnoticed. Research and pay attention to advertisements from a variety of options to understand pricing differences. Always be on the lookout for deals and discounts, and take advantage of limited opportunities to reduce your expenses and save smarter.

How do you save by using deals and discounts? You can discover free admissions, giveaways, or promo codes to save smarter while enjoying products or services.

2. Planning future events

Planning future events to save smarter is also helpful, whether it is a short trip, family bonding, or a friend hangout. Planning a future date to make a significant expense makes you less likely to make impulsive expenses daily. Planning future events that make you anticipate, like receiving a reward, helps to withhold the urge to spend.

3. Tracking every penny

Unplanned expenses to enjoy life, such as buying snacks or items on sale, can go under the radar if you cannot view the impact of these spending habits over time. Making an effort to track every single thing you spend money on shows you that impact.

How do you save by tracking every penny? Once you have everything down, you are much better at seeing where the problem lies and where discipline must be applied. Watch our video on “Simple Ways To Save Every Day and Stop Wasting Money” to learn more specific expenses you can modify to save money.

Key Takeaways

  • Saving money is statistically difficult because of high living costs, along with paying for emergency funds.
  • It is still viable to save while spending on your wants if you take action to minimize the costs.
  • Take advantage of regular deals and discounts on any product or service you want.
  • Planning future events helps you control spending urges, making expenditure on wants more satisfying.
  • By tracking your expenses, you can save smarter, as you can see where you spend the most money and understand its worth.

Anderson, N. L. (2020, December 15). How to balance enjoying life with saving for your goals. Forbes. Retrieved September 2, 2024.

FutureLearn. (2020, June 30). How to budget, save money, and still have fun. Retrieved September 2, 2024.

Gillespie, L. (2024, June 20). Bankrate’s 2024 annual emergency savings report. Bankrate. Retrieved September 4, 2024.

Kelly, J. (2023, October 6). How to balance enjoying your best life and saving for the future. Forbes. Retrieved September 2, 2024.

PNC Insights. (2023, June 22). Having fun while still saving money. PNC Financial Services Group, Inc. Retrieved September 2, 2024.

Williams, G. (2023, May 2). All I do is save money and never enjoy myself, is this normal? MoneyGeek. Retrieved September 2, 2024.

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