How to Save Money Fast, Without a Budget: A 4-Step Process презентация

1) Automate Make Some of Your Savings Automatic

1) Automate

2) Wait Add a little breathing space between seeing something you want and actually making the purchase. This will help cut down on large impulse buys that can wreck your finances.

2) Wait Obviously, this is a common tactic when making life’s biggest purchases, like a new car or home. But to really help you save money, start using it when you think of purchasing any single item over $50. This is where the real savings will start to kick in as you make fewer and fewer impulse buys. If, after waiting a week or two, you still want to purchase the item, go ahead and do it.

3) Regulate

3) Regulate The Cash-Only Option Before heading to the store, take out a specific amount of money for purchasing what your family needs, say $100. Do not allow yourself to go above this number. This will force you to prioritize what’s most necessary, and make you far more conscious of where your money is going.

4) Meditate This might sound like an odd last step, but it might be the most important one. As you’ll see, anecdotal and scientific evidence supports the fact that meditating can not only make you spend less, but it will help you find contentment as well.

4) Meditate Mental Health Dr. Emma Seppala of Stanford University has assembled a great infograph on the mental health benefits of meditation. Among them: Increases in positive emotion and life satisfaction. Decreases in pain, inflammation, depression, anxiety, and stress. Improved decision making skills, regulation of emotions, and introspection.

The Payoff That’s it: Automate Wait Regulate Meditate You might be surprised at how quickly these four steps can not only help you save money fast, but improve your quality of life as well!