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]]>How Your Personality Was Shaped
Just like all matters of life, how we conduct ourselves daily is very much influenced by how we were raised. Our personality was shaped and influenced in our formative years, and this actually currently impacts our spending habits—or lack thereof.
Turning the Tide
However, this isn’t intended to provide a dire outlook on your future financial endeavors. In fact, it’s merely meant to keep you aware of why you make certain decisions. It’s your life, and you can do whatever you want with it. But if you’re trying to make a change in your money habits and find it difficult to do so, it can be helpful to know where the problem is coming from.
For instance, if you often have trouble spending all the money you earn and not saving it, perhaps you should dig deeper and ask yourself why you like spending the money you do. This may be beyond your area of expertise—in some cases, a therapist can help—but simply making yourself aware of this fact is the first step towards making a responsible and real change in your financial life.
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]]>The post How to Stop Spending Money on Books You Don’t Read appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.
]]>Avoid Temptations
If you already have too many books at home that you haven’t read, it’s important to avoid temptations. Don’t go to bookstores too often, and unsubscribe from their newsletters so you wouldn’t be tempted to spend money when there are sales and discounts.
Better Choices
The books you haven’t read will keep piling up if you’re buying them for no good reason. Stick to purchasing books that come highly recommended or the ones you really want to read. If you’re a mood reader, avoid buying things “for later” and only stick to books that you want to dive into right away.
Have a Limit
Set boundaries for yourself by limiting the number of books you can buy or the amount of money you can spend on them. In addition to helping you avoid mindless spending, this technique will help you only buy the books that you’re really interested in.
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]]>The post 3 Ways to Feel Expensive Without Spending Extra Money appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.
]]>Clean Your Home
When your home is clean and free from clutter, you’ll instantly feel better and even richer. You know how rich people have someone to keep their home clean at all times? If you don’t want or don’t have money to spend on that, do it yourself and enjoy the result!
Buy Intentionally
Avoid buying a lot of things that only make your home cluttered. Carefully research your purchases and only buy things you know you’ll use and love for a long time. For example, it’s better to have 1 great bag than 10 cheap ones that you don’t really love just for the sake of having a lot of them.
Have a Hobby
You will feel richer if you find time in your day to do something you love. Crashing on the couch after work and watching Netflix for hours is the opposite of what you want! Your hobby doesn’t have to be expensive, but spending time on it will give you so much pleasure.
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]]>The post 50:20:30 is a Simple Money Managing Rule That Will Help You Stick to Your Budget appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.
]]>The principle is simple. 50% of your salary is for all the necessities you need to pay for on a monthly basis. It means that half of your salary should go for rent, bills, food, and transportation.
20% is what you save. It doesn’t matter if you’re saving for a big future investment or for rainy days – nobody can argue about the benefits of having some money saved up.
Finally, use the remaining 30% for personal expenses. Eating out, traveling, buying clothes, or anything else you want but don’t necessarily need falls under this category.
The best thing about the 50:20:30 rule is that it can be applied to any salary. No matter how much you earn, you can use it to improve your finances.
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]]>The post The Best Tips for Smart Shopping appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.
]]>Plan Ahead
Wandering through a shopping mall or mindlessly browsing your favorite online store can be fatal for your financial health. The key is to plan what you need and then look for those very items and avoid impulse purchasing things you don’t actually need.
Focus on Classics
It’s always a good idea to invest in classic pieces that will never go out of style rather than buying the latest trends you will only wear once or twice.
Watch the Sales
A sale can be a good thing if you use it to get the pieces you already wanted, just be careful not to fall into the trap and buy unnecessary things just because they are cheap.
Shop Out of Season
Whenever you can, shop outside of season. Everything is usually cheaper and you can get more value for your money.
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]]>The post If You Don’t Have a Clue How to Create a Budget, This Guide is For You appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.
]]>Tracking
The first step to creating a budget is figuring out how much you make and how much you spend. For 2-4 weeks right down every time you make and spend money and then add everything up at the end of that time period. This will show you where you spend your money and how much money you’re spending and making.
Profit
Once you have these numbers, see how much you’re saving after you spend. If there’s nothing to be saved or you’re in the red, then you obviously should think about cutting back on your spending. But if you’re making a profit and are able to save you can then think about if you want to be saving more or if you’re comfortable where you’re at.
A good thing to try is to cut back on one item from your budget for a week or two and see how that changes your lifestyle.
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]]>The post Save Yourself Some Money at Fast-Casual Mexican Joints with These Tips! appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.
]]>Burrito Bowls
A lot of places offer either taco or burrito bowls, which is essentially just the contents of a burrito or a taco, but in a regular container. This should always be your go-to when it comes to ordering because they give you so much more food than whatever they could stuff into a tortilla! You can even ask for a tortilla on the side or just use one from home.
Don’t Be Bashful
The workers at these fast-casual restaurants are trained to know how many scoops of an ingredient goes into your food, but don’t be afraid to ask for more! Besides for extras like guacamole and queso, they’re not going to charge you more if you ask for an extra scoop or two of beans.
Chips and Salsa
If you’re getting your order to go, never order chips and salsa. The best thing to do to save your money is to just ask for more salsa on the side, which is almost always free and buy a bag of tortilla chips at the grocery store.
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]]>The post Here’s Why You Should Always Carry Cash While Traveling appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.
]]>Shopping Locally
Even if you don’t bring cash with you, chances are you’ll end up using an ATM. Trying street foods and buying souvenirs from local vendors is an essential part of traveling, and you usually can’t pay for these things with card.
Unexpected Emergency
None of us think we’ll end up having our wallet lost or stolen, but these things can happen. That’s why you should take necessary precautions while traveling and always stash some money in a safe place.
Card Issues
Carrying cash doesn’t mean you should ditch your card – it just means you shouldn’t rely on a single method of payment. In case your card ends up being suspended, you’ll have cash to fall back on until the problem is solved.
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]]>The post Are You Ready for the #NoBuyChallenge? appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.
]]>Impulse buying is destroying your wallet and your mental health, especially if you should be saving or putting that money toward something else so you keep giving yourself a hard time whenever you spend something. If you’re constantly on the look for the next thing to purchase, a no buy challenge may be the right thing for you. Here’s how to break it down to doable steps so it doesn’t get overwhelming.
Don’t Wait for Next Month
For starters, most people do a no buy month, but you don’t have to wait for the next month to begin in order to start. Just pick a date and challenge yourself not to buy anything for 30 days.
Browse Your Stuff
If shopping is a habit of yours, you’ll probably feel tempted to shop multiple times during your no-buy month. When you feel that urge, go through the things you already own and you’ll probably find something you forgot about so it will be as if you got something new.
Focus on Long-Term Goals
It would be too easy to spend the money you just saved on something else rather than shopping, such as dinners out, right? Don’t fall into this trap. Stay motivated by setting long-term goals that will be easier to achieve if you stay disciplined.
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]]>The post Spending Too Much? Try Giving Yourself a Shopping Ban appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.
]]>You can try it for a month or, if you feel especially overwhelmed with stuff, go for a full year immediately. Those who have tried it claim that it has helped them switch focus from consumerism and material things to people around them and experiences. Chances are you have enough stuff to go through a year-long shopping ban already, but you may want to take inventory of everything you have first and see where you stand.
Of course, you can modify the shopping ban and make it fit your personal needs. If you have too many clothes, make it “no clothes shopping” for a desired amount of time. The same goes for makeup, gadgets, and many other categories. You can give yourself exceptions and decide what you’re allowed to buy – for example, replacements, underwear, stuff you use up fast.
With regular budgeting, it can get difficult to simply spend less. Once you make one impulse purchase you’re more likely to make another one, and then another one… Shopping ban prevents this and makes you realize how many stuff you already own and can use.
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