Money is such a sensitive subject that people hardly want to talk about it unless they don’t have a choice.
Usually, by the time people want to talk about their money, they are in some financial trouble. But then, the fear of losing your car or electricity doesn’t have to beat you into submission before you address one of the most important things in your life.
One of the reasons why people don’t really like talking about money is that it’s often never enough. No matter how hard we try, we always seem to run out of money. However, you know, talking about money can actually help you get a better handle on it. There are counterintuitive tips that can help you save lots of money in the long run. Check them out, and see how you can use them to get a leg up on your money matters.
Spend, spend, spend
This is the most counterintuitive thing on this list, and that’s why it’s first. Ask anybody—your financial advisor, a savvy investor, your grandmother. They’ll tell you that spending money is the opposite of what you need to be doing. The goal is to keep as much money as you can, so why would you spend it?
There’s no purpose in keeping your money if you’re going to be unhappy all day long. When most people live frugally, trying to spend less, they end up being miserable. They want things they can’t have because they don’t want to buy it. This tip helps you get ahead of that.
The key here, however, is to spend wisely. Don’t go blowing your savings on things you don’t need because you want to ‘get it out of your system.’ Save your money and meet your financial obligations like you normally would. Just don’t forget to leave yourself something after it’s all said and done.
Know where your money is going before you get it
“You should never spend money you don’t have yet” is excellent advice for the traditional way of saving. But then, as we’ve already mentioned, this isn’t the traditional method of saving. Not only should you know where your money is going, but you should also do everything in your power to research the thing in detail, especially if it’s an investment. You can visit sites like reviewnerds that tell you the honest truth about some investments to get started.
Buy old school stuff
These days, everyone wants the latest. We want the latest fashion accessories, the latest cars, the most modern houses, etc. However, the sad truth is that many of these new things still need time to settle in the market and get developed. When new products are launched, they’re usually still experimental, and it takes a few iterations to get them right.
Old school items, on the other hand, are incredibly durable. That, and they never go out of style. Either you’re a fashionista looking to make a statement or a young couple looking to purchase a new home, you should think about spending your money on things that will last long. That way, it doesn’t matter which way the trends swing. You’ll always be on top of everything.