Saving money might be the most daunting task in the world, especially when you’re saving up for a major goal such as owning a home. It could tie you to a few years of obligation and cheating with your budget can be almost unavoidable in such a long period. These are some of the tips that you could use so you can prevent getting bored with saving.
Have you ever been on a diet routine and thought that it’s alright to cheat for a few slices of cakes and just resume with your normal diet the next day? What do you feel afterwards? You feel guilty right? Although the negative effects are not immediately evident, you will feel frustrated right after satisfying your craving, telling yourself that all your previous efforts are wasted. It’s not saying never to eat the foods that you love ever again, but make sure you allocate a reasonable portion and the right moment for it, rather than just suddenly cheating on a two-week diet plan because you got distracted.
It’s the same with budgeting. It’s okay to have fun every once in a while, but make sure it’s included in the plan and not a spur-of-the-moment decision you just made, or else you’ll go around reprimanding yourself for not being able to resist temptation.
Have a Separate Rewards Fund
Instead of cheating, save up money for a special fund that you will use to reward yourself after a job well done. Perhaps you want to buy a new designer bag, gadget, or go on a vacation. Whatever it is, set a goal which includes the amount you need to earn and how long you are likely to save up for it. It will give you something to look forward to and can help motivate you on cutting back on other expenses. For example, rather than being bitter for having to miss a few movies and late night parties, console yourself with the idea that you’ll soon be able to buy that dress you’ve been eyeing for a long time.
Only you can know what makes you happy, and based on this knowledge, you can plan other activities that would be cheap but equally entertaining. If you enjoy the movies, you can rent instead of hitting the cinemas. If you like to bond with friends, you can host a potluck event so you can be with them without straining your pocket. If you want a new décor for your bedroom, read some do-it-yourself articles so you can have a new one without breaking the bank.
Be on the Lookout for Free Fun
Having fun doesn’t always have to be expensive. There’s always something which you can do for fun that doesn’t cost at all. You can enjoy a picnic at the park, a visit at an art museum, a bicycle ride around town, etc. You can still socialize as well by doing volunteer work, participating in team sports or coaching kids to play. These are worthwhile activities that let you enjoy your hobbies without putting a dent on your finances.