Budgeting your money is never fun, especially if you feel like you are missing out on fun in the here and now to reach a long-term goal. When you are saving for your retirement or a child’s college fund, it can feel like there is no end in sight and your commitment to budgeting your money may wane as the years go by. But if you are budgeting your money for a specific event or purchase, sticking to the plan is much easier.
In this modern age, many of us have grown accustomed to instant gratification because nearly everything in our lives now happens at speeds that were unimaginable just a few decades ago. That is why the saying, “good things come to those who wait” has never been more true. With just a little patience and dedication, just about anything in life attainable - all you need to do is steadfastly work toward your goal.
If your goal is to save money for an exciting Memorial Day weekend and you don’t want to fund your fun by searching for a “title pawn near me” you better start budgeting your money now. The official kickoff to summer will be here before you know it, so here are some great ways to start saving:
It is far too easy to overspend when you are pulling out the plastic to make a purchase. We tend to be more mindful of our money when we know we only have a certain amount of cash in our wallet to spend. Because of this, you should avoid using any bank debit cards or credit cards while operating on a budget. This will not only help you to accomplish your short-term goals of saving money, but this is a practical habit that can help you reach your long-term goals as well.
Another way to use the cash-only saving method to your advantage is with the envelope system. This popular budgeting system is smart, simple and easy to implement. You simply break your expenses into separate categories, like utilities, rent or mortgage, food and entertainment. The idea is, when the money is gone from an envelope, you either stop spending or reallocate funds from another envelope. It may take a few months to get the totals right, but in fairly short oder you will see the savings and the logic behind the envelope system.
We are usually very aware of what our bad habits are, and if overspending on things you don’t need or can’t afford is one of your bad habits, now is the time to stop. For example, if you are a smoker, quit. Considering the cost of smoking these days combined with the toll it takes on your health, it’s hard to image why anyone lights up anymore. By saving the money you would have spent each day on a pack of cigarettes, you are saving not only your life, but the money you need to celebrate Memorial Day weekend.
Are you buying lunch every day at work or stopping at the coffee shop for a morning pick me up? That is anywhere from $50 to $300 you could be adding to your holiday fund. Do yourself a favor and take a thermos full of coffee to work each day, along with a healthy and affordable lunch. You’ll save cash, lose weight and feel a whole lot better about the way you are budgeting your money.
You would be surprised how much you can save when you are counting your pennies. If you simply empty your pockets at the end of the day and put the coins you have in a piggy bank or jar, the money will quickly accumulate. If you are looking to save more at a faster rate, then try putting aside the $1 or $5 bills you have from breaking a twenty. In no time at all you will have a sizable stash of spending money for the long holiday weekend.
How much can you really save by clipping coupons? According to some people, plenty. Did you ever see the huge amount the extreme coupon clippers save on a $300 shopping bill? Often times, they pay with a handful of change, or even get money back. That means that they basically get the food, paper products, and other items for nothing. If you want to learn how you can save with coupons, take a page out of their book.
When all else fails, and you still need some extra cash to fund a Memorial Day weekend getaway or even pay off an expense before you can cut loose and enjoy yourself, there are some alternative ways to get that extra cash. If you own a vehicle, a title pawn could work in your favor. Simply search online for title pawns near me to get the details you need.