Ask Away Blog: The Art Of Spending Money To Save Money

The Art Of Spending Money To Save Money

Tuesday, July 9, 2019


Is there a more confusing premise? You save money by spending it, but how? The simple fact is that splashing out on specific products and services cuts costs by reducing the need to pay more in the future. Often, thrifty people are drawn in by a price tag and don't think about the quality or the necessity, and they get stung down the line.
Once you learn the art of speculating to accumulate, you can increase your budget and stick to it religiously. Below are the basics for your information. Hopefully, you'll be able to use them to your advantage.

Spend More When You Are Impulsive
Again, this tip doesn't seem to make any sense. If you're impulsive, you're likely to spend more and splashing out is going to spiral out of control, right? No, not necessarily because paying a little extra for a service can keep you out of harm's way. Think about your groceries for a moment – do you go to the store and buy them? If the answer is yes, using the home delivery option with your supermarket of choice should save you a lot of money. Getting them to pick up the things you need limits your time in the shop and stops your impulsiveness from ruining your budget.

Indulge If You're Inefficient
Some household staples are impossible to get around. Sorry, but everybody has to clean to maintain a clutter and dirt-free home. Well, there is another option and it's to hire a cleaner. While it seems like an indulgent move, learning how to find a housekeeper might cut costs if you're bad at dusting. The reason is simple, and it's because you waste time and money on supplies and labor compared to a professional. Quality cleaners are flexible and only work certain hours so you can limit the costs depending on your requirements.

Move When Your Neighborhood Isn't Nice
Not everyone gets the opportunity to live in a nice neighborhood. For most homeowners, it's as simple as finding the best house that fits the budget and you might be the same. However, spending more on a home in a better neighborhood has its advantages from a financial standpoint. The main cost affected is your overheads. Things such as home, contents and car insurance are lower in safer areas. Plus, there is usually less crime and therefore no need to fork out for repairs. Also, nicer regions are closer to good schools and business headquarters so you might save on your commute.

Fork Out For Good Quality Stuff
As a rule, it's wiser to splash out on high-quality items when you expect to use them for a long time. Why? It's because they are made with finer craftsmanship and are less likely to break down. Over time, you'll spend less on replacements and can use the extra cash to buy necessities. Of course, you win when you can snag a brand name at a low price so always be on the lookout for sales and promotions.

And that's how you spend money to make money.

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2 comments:

  1. I could sure use some extra money, that's for certain!! I'm still trying to cut down my monthly bills....tried to sign up for a new internet service today and do away with DISH and my current USELESS internet....but alas, it's not up my road yet! Wahhhh!! Hope you're having a nice summer, Ellen!

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