How To Be Smart and Start Saving More Now

​To stop overspending, we need to look at why….

There are countless reasons we overspend. Below are a few…

$ We confuse wants and needs.

*Grocery shopping when you are hungry adds 30 percent to your bill

$ We have too many credit cards, which results in access to too much money.

$ Shopping is too easy – 24-hour access to discount stores, as well as online/shopping from home.

$ We resort to “retail therapy,” i.e., shopping when we are stressed, depressed, or anxious.

$ We cannot resist a good sale!

$ We neglect to plan and set financial goals.

$ We lack self-control.

$ We believe “newer is nicer” and “bigger is better.”

$ We do not wait for sales or use coupons.

$ We do not check what we own before we buy.

$ We do not tell ourselves, “No!”

Million Dollar $nack Attack

What convenience/snack foods do you buy on a regular basis? Let’s say that each day you buy….

1 Gourmet Coffee Drink $3.50

1 Muffin or Sweet Roll $1.50

Daily Total $5.00

$5.00 per day is not much, is it? Let’s see how it adds up!

$5/day = $35/week = a pair of jeans, a sweater, shoes?

= $150/month = 2 weeks’ rent, a car payment?

= $1,800/year = 1 semester’s tuition at the community college?

If you invest this money in an IRA (Individual Retirement Account) with an average annual return rate of 10% (average over the last 50 years) you will watch your money grow!

* Sometimes we spend money without thinking about it. For the next few weeks, write down every penny you spend. You may be surprised to see where your money really goes!!

Related: Which Way Did My Money Go?

Saving $marts

The victory of success is half won when one gains the habit of setting goals and achieving them.
Og Mandino, author
  1. Identify a financial goal; give yourself a reason to save. If it will help, post a picture of the item(s) you are saving for on your refrigerator.
  2. Save your loose change. It adds up!
  3. If you pay off a loan, continue to save that amount.
  4. Save any overtime pay or bonuses.
  5. Put cash gifts in savings.
  6. Set up a lean week. (Buy only absolute necessities during this week!)
  7. When you get a raise, save it!
  8. Know the difference between wants and needs.
  9. Stop indulgences!


Solari is an author and a content writer for ifocurs, the most-advanced digital media platform for the most diverse, most online, and most socially engaged audience in modern times. When she is not working, she enjoys travel adventures, photography, and reading literary masterpieces. She is an influencer marketing consultant; a keynote speaker, mom, and writer.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Posts

Sign up for our Newsletter

Stay connected with ifocurs