Tired of the generic tips and pieces of advice from people who tell you to save money? Like yes, I can put aside some money each month. Yes, I know what I don’t need and don’t want. I can create a budget and follow it. But I keep losing motivation and end up ditching the plan!

And I know just the trick to a problem like that. You need to change your mindset and the way you look at your spending. No, I don’t mean look at it at another place, I mean looking at it at a different angle! Not sure what I mean? Then read on to find out the top 5 advices that I’ve received in my life that REALLY works!

1. Visualise your spending annually

Every time you purchase or is about to purchase something. Don’t think about how much money you have or how much you can afford to spend on it. Visualise that cost annually in your mind and see how much you can actually save/spend if you plan on buying it.

For example, let’s say John is obsessed with gum and he buys one every day for $5. $5 doesn’t seem like much does it? BUT let’s see this annually. 5 times 365 is $1825. He can save $1825 a year if he doesn’t buy gum every single day!

How does this apply to you? Do you order takeaway often? Buys lunch outside when you go to school or work? Imagine how much money you can save if you wake up an hour early to prepare for a home-made lunch! You’ll definitely save a lot from it.

2. 24 hours rule

This is a tip for you the impulse shoppers out there, especially those who shop online as well! Have you ever went online and see this really nice item that you wanted to buy? Whether it’s a cute top, a nice pair of boots or a fancy chair? Now here’s the tip, put it in your cart and leave it there for 24 hours.

Go walk the dog, do some work, have some food and hang out with your family.

One eternity later

*24 hours later*

Okay, have you thought about it? Can you function without it? Did you sleep well and eat well without it? If you’ve temporarily forgotten about it until you went online and realise there’s something in your cart, you probably don’t need it.

During the 24 hours break, you don’t have to force yourself to forget about it. Keep asking yourself if you really need/want it. Why do you need/want it and whether you can do without it. This is a really helpful trick as I’ve personally forgotten about something over 24 hours and find myself not needing it.

What you thought at that moment isn’t always the same thoughts you’re thinking now.

3. Calculate purchases by work hours

This is one of my favourites and is something that my parents had taught me. Whenever you buy something, think of it as the cost of working hours instead of the actual price. Confusing right? Let me use an example to clear things up.

John works 7 hours a day and receives $10 per hour. He went shopping one day for a pair of new shoes and came across this REALLY nice pair of shoes for $50! It was on sale and it’s a new item too. So instead of thinking ‘I’ve got $200 in my bank, I can buy it!’ think of it this way.

In order to get $50, John has to work 5 HOURS at his fast food restaurant. It’s a nice pair of shoes that he’ll probably only wear to show it off, so is it really worth 5 hours of his time to get it? Now it’s your turn. Remember, every time you buy something, calculate it by work hours. It’s a huge turn off for me and it works!

part time job
Photo by Valeria Boltneva from Pexels
This is not John.

4. Save whenever you can

Many people seem to overlook this and think that their loose change won’t make much of a difference. But they can actually make a huge difference if you save EVERYTHING whenever you can! No matter how small they can be, just save it for later.

Did you set yourself a budget and managed to have $10 left over? Don’t spend it, save it. Did you do your groceries and came home with 50 cent change? Save it. If you have $10 left over every month, you’ll save $120 a year! If you get grocery every week, you’ll save $26 a year.

It doesn’t seem like much? Pop them into emergency funds and you’ll realise how important it is when the time comes. Imagine 5 years from then, your car broke down and you need $2000 to repair it. You check your emergency funds and find yourself with exactly $2010.5!

If you didn’t put those $10 leftovers or those 50 cents in, you would’ve been short of $730! Of course, this is just a scenario that I made up, but you get the point. Every change counts!

save coins

5. Aim for short term goals

This is a method that proved to be easier to achieve than seeing things in long term. If you think about wanting to buy a car 5 years from now. It won’t do anything. You’re just thinking about it. Unless you have the funds immediately, it won’t help you save money.

Instead, you can see it in short terms. So here’s an example. John wants a car in 5 years. He decided to stop ordering takeaway food for one day a week? Each take-away costs him $20. He would then save $1040 a year and $5200 in 5 years! Just from 1 day of no take-away!

It’s much easier for John to put $20 away for a week rather than seeing things in long-term and thinking of ways to buy that $10,000 car that he wanted. Start small and start now. It’ll make a huge difference in the end.

monthly calendar for short term goals


I hope you’ve enjoyed reading this. These were the top 5 advices for changing my mindset when it comes to saving money from various people in my life. Sometimes, it’s the one closest to you that have some of the best advices.

I hope this was helpful and that I’ve convinced you to try some of these out! Let me know what you think, any advices that you have or if you’ve tried them out! Well then, bye for now!


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