Spending money on things which aren’t really worth your hard earned cash is something that a lot of people are guilty of. It can easily become a vicious cycle of spending spontaneously followed by feelings of frustration and depression as you realize that you have nothing left to show for all of the money that you spent.
In order to stop these spending habits and start making wise financial decisions which will provide more positive results, try putting the following actions to work.
Stop Going To Bars
It’s important to be social and is a tool to help us recharge from our busy work lives. Meeting up with friends is something which gives us a refreshing break from the day to day hustle.
However, what many people fail to realize is that there are plenty of things to do which don’t involve going to drink alcohol in bars. Many people are so used to this being their form of being social that over time they forget how to do anything else.
Going drinking in bars frequently isn’t just abusing alcohol, but it’s also a big blow on your bank account. With the average drink costing between 7 and 10 dollars, it’s easy to spend hundreds a week if you’re going out on a regular basis.
When you decide to stop going to bars you’ll quickly see what a huge difference it makes on your bank account.
Set a Savings Goal
Setting a goal for how much you would like to save each month will start to force you to take a good look at your spending habits. Having a goal keeps your motivated and requires you to start taking more responsibility for your relationship with money.
Set a realistic goal and try to be as strict as possible. When you are able to do it you’ll be filled with a huge sense of pride which will encourage you to keep going.
Surround Yourself With Good Influences
When you’re attempting to make positive choices which will create the life that you desire, it’s important to surround yourself with like-minded people.
Hanging out with friends who also practice smart spending habits will create an atmosphere of a positive influence.
You’ll find that you’re much less inclined to spend frivolously if your friends are trying to practice the same limits.
Practice Self-Control
Try to practice self-control in every area of your life. You’ll find that when you choose to do things for the sake of it being the right thing to do rather than necessarily what you want to do, it will start to affect every area of your life.
Self-control is like a muscle. Practice every day and you’ll get better and better at it.