5 Lifestyle Changes To Adopt If You Want To Save Money


There are no shortcuts to becoming rich. But every rich man starts out spending less and saving more. By adopting these five lifestyle changes, you’ll start to see your savings grow rather quickly. You’ll also get a good idea of your spending habits and will learn to track your expenditure, which will help you save even more.


This is a golden rule that you should follow if you want to save money.

Allocate 50% of your monthly income to your fixed costs such as rent/mortgage payments, mobile bills, internet, and utilities. 20% of your income should be set aside for savings and investments for the future, and the remaining 30% should be used flexibly for leisure and miscellaneous expenses. You’ll be surprised by just how much you’ll end up saving by sticking to this ratio.

No Spending Days

Select one day and don’t spend anything on that particular day of every week. You might not realize it straight away, but you are spending money on subscriptions and other things even when you don’t actively make a purchase. Keep that in mind and decide on that one particular day of the week on which you will not spend a single buck.

Pay More Than Minimum Due

Credit cards typically charge anywhere from 1% to 3% of the total due to the minimum due amount. It might seem very appealing to just pay the minimum due if you’re on a tighter budget, but doing this will cost you a fortune over time. Try to pay a little more than the minimum due to prevent the interest from adding up.

Prefer Paying By Cash

When you’re paying for your daily expenses using your cards, you don’t really have a good idea of how much you’re actually spending. By using cash for your everyday expenditure, you’ll have a better idea of how much you’re spending and thus will be able to judge if you’re spending too much.

Cook Your Own Food

It can be very enticing to go out for a meal because of how convenient it is. But eating outside on a regular basis can burn a hole in your wallet pretty quickly. By cooking at home, you’ll be able to save a good amount of money while at the same time doing wonders for your health. Even if it’s just fast food, eating out a lot will add up to a rather expensive bill that you could do without simply by cooking the food you consume.


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