Knowing how to handle finances is very important in times of uncertainties. Thankfully, you don’t have to pay for Real Financial advice. Your past self has been through a lot, and each wrong decision or a bad habit you’ve formed can actually teach you a valuable financial lesson.
Here are some tips your past self may want to tell you:
Split the Bill
Whether it’s a date or a casual hangout with friends, skip the false pleasantries and just split the bill. This will help you be accountable for your own spending, and it will also build your confidence in handling your own money. Decide on this before you actually order food so that you will be mindful of what you eat as well. If you can split the huge servings too, absolutely go for it. Going out is all about having fun; your bank account shouldn’t have to suffer for it.
Treat Yourself Now
When you’re strapped for cash, rewards usually come in the form of treats. There’s nothing wrong with treating yourself to well-deserved rewards every once in a while. However, when you deprive yourself so much of even the little things, the urge to splurge becomes stronger. You tell yourself not to buy anything expensive the whole week, but then the weekend comes and you’re splurging on overpriced drinks to treat yourself. Rather than doing that, find more sustainable habits. Invest in K beauty products that you can use for months, buy high-quality shoes your feet won’t hurt in, or even just stay indoors and have a box of pizza delivered. Get yourself these treats whenever you need them so that your self won’t feel deprived and restrained.
Sleep on It
Feeling the urge to purchase something expensive? Sleep on it. Go ahead and add it to your cart, but don’t pay for it just yet. You get the joy of shopping as you click on the items and appreciate their appearance, but you don’t have to make the impulsive purchase. Walking away is a powerful tool to master when it comes to getting a grip on your finances. For every purchase, you make, decide to pay in cash to feel the pinch of the cost, and don’t make the decision in haste. If you really want it, you can still buy it tomorrow after you’ve given it more thought.
Go for a Walk
Some days, you feel lazy and just take a cab to your destination. That’s okay if it happens once in a blue moon or you’re running late. However, if you take a cab every time you feel even the tiniest bit unmotivated, you’re spending money on transportation and it’s not even your own car. Take a look at a month’s worth of cab fare and you might just see the biggest drain on your finances. The best way to change this habit is to turn to something free and will get your muscles pumping. Walking is perfect on weekends or for that short commute to work. This will help wake you up and fill you up with energy for the day–for no additional cost.
Your past self is the best source of financial advice because you already lived through the mistakes and learned how costly they can be. So go ahead, look back, and do better.