30 years old is a great age, Western psychologists call 30-year-olds young adult (young adult). But why does someone at 30 boast a car, an apartment and stable work, while someone sits aground by the end of the month? It is all about bad financial habits that are not contraindicated for an adult – they are dragged to the bottom and do not allow to achieve well-being.
Happy Worthy Life carefully studied the opinions of financial experts and today will tell you about what habits you need to give up in order to become a successful person by the 30th anniversary.
1. Communicate by intercity
If you often make long distance telephone calls, then most likely this has become a pretty significant expense for you, because it’s not always possible to talk within the “native” network. Pay attention to internet connection programs. Moreover, this does not have to be Skype: there are many other applications, modern and convenient, for making video calls.
The most popular alternative is, perhaps, WhatsApp. A simple and affordable application, but has a significant drawback – a large amount of spam, including from scammers. Try Talky, WeChat, or Google Hangouts. These programs are intuitive, ad-free and free.
2. Do not follow the rates
Cellular and mobile Internet are sometimes really expensive. And inattention to tariffs can cost a pretty penny. Keep track of the tariff plans to which your mobile devices are connected, perhaps some of your funds are wasted. In extreme cases, you can change the operator. At the same time, there is a chance that the old operator will offer you more favorable payment terms as soon as he realizes that you are going to leave it.
3. Buy things to cheer yourself up
Shopping to cheer up is a really bad financial habit. How often do you please yourself with unplanned purchases? According to Slickdeals polls, American consumers make at least 3 unplanned purchases per week and this seriously affects their budget.
Financial experts explained why it’s harmful to cheer up shopping. Firstly, you risk buying a lot of unnecessary things. And even if they were relatively cheap, by the end of the year you will spend an impressive amount. Secondly, a thoughtless desire for shopping may indicate that you are trying to solve your internal psychological problems through shopping. For example, low self-esteem and authoritarian upbringing in childhood can provoke a craving for excess purchases.
Pleasures can be completely free – a walk with friends, a picnic with your family or playing sports in the fresh air will cheer you up no worse than shopping. And it’s safer for the wallet.
4. Treat your credit card as if it were your money
A credit card is not a source of income, which many people forget. If you treat your credit card as if it was your personal money, it may be worth completely abandoning it. Often, a decent amount on a credit account creates the illusion that you have extra money that you can spend. Card debts must be repaid every month so as not to face interest payments for using the account.
5. Do not plan a vacation in advance
An unplanned vacation can hit you hard, because the prices of tickets and hotel rooms are much higher during the season due to high demand. But not only the time of the year affects the price of a flight, the day of the week is also important – Tuesday and Wednesday turned out to be the most profitable days for traveling. The most unlucky day in this regard – Sunday in July and December – ticket prices skyrocket.
Travel bloggers recommend booking accommodation that includes breakfast and lunch, as well as exploring offers on couchsurfing sites (free exchange accommodation) in advance and taking a closer look at campsites.
6. Use paid subscriptions
Paid music and movie subscriptions are expensive. And often the owner of the device does not even realize that he is subscribed to a paid service – they are connected automatically. If you notice that the same amount is regularly debited from your card, this is an occasion to check it for subscriptions. But what if you want to watch movies and listen to music? Make a choice in favor of legal online cinemas and music aggregators – these services are absolutely free, and they earn money by showing ads to viewers.
7. Do not make bulk purchases
You still think that only hunks and ancient old women make purchases for the future, and are embarrassed to buy groceries and household goods in large quantities? Do not do like this. There is nothing wrong with buying a large number of discounted goods, especially if these goods are not perishable and can be stored for a long time.
Home supplies of necessary things (cereals, toilet paper, shampoos and detergents) will save you from the temptation to buy something extra, because there is already a vital stock in the pantry. However, even when buying for future use, you need to evaluate the need for goods – often stores sell things of not the best quality.
8. Do not use loyalty programs
Many companies provide regular customers with discounts and bonuses. And it is very short-sighted not to use loyalty programs, because these are not only bonus cards on which points are accumulated for subsequent discounts. For example, airlines allow you to earn miles to pay for tickets.
In order not to get confused in dozens of bonus cards, you can install an application for a smartphone or tablet, which allows you to keep them in one place.
9. Have not learned to bargain
In the countries of the East there is a great tradition for those who like to shop – sellers and buyers just love to bargain. This is a real art and a great skill for people who are not averse to saving. You can bargain not only at the market – when buying real estate, furniture and appliances there is always a chance to get a discount if you can negotiate with the seller. Do not miss the opportunity to save money, sometimes it’s enough to just ask for discount programs to pay less for the product you like.
10. Do not consult before large purchases
The family is not only close people who will support in difficult times. No one will tell you about your mistakes and shortcomings as honestly as your parents or spouse. This is worth using if you are planning a major purchase that you doubt. In any incomprehensible situation, discuss your plans with your family, perhaps the wise advice of the older generation will keep you from rash spending.
11. Spend money on cigarettes and alcohol
Smoking, alcohol and fast food are harmful not only to health, but also to the wallet. Financial experts estimate that tobacco addiction costs nearly $ 5,000 annually for US residents. Fast food, of course, helps to save time, but it harms health, and is even more expensive than seasonal fruits and vegetables.
12. Buy clothes that are not compatible with other items of clothing
Bright shoes that you put on just a couple of times, or a trendy bag that gathers dust in a closet, will sooner or later ruin your budget. Especially if buying clothes that do not fit into your wardrobe has become commonplace. It is worth soberly assessing your financial capabilities and composing your wardrobe so that there is always the opportunity to make up various sets of clothes.
Do not neglect used goods sites. There it is profitable not only to buy. Arrange a sale of unnecessary clothes – so you free up space in the apartment and get a nice bonus in the form of additional earnings.
13. Every morning you buy coffee in glasses
British scientists estimate that the average office worker spends £ 393 a year on coffee (about $ 34,000). Of course, the price of a cup of coffee in the world can vary greatly depending on the region, but one thing is certain: a lot of money is spent on coffee. It is much more prudent to buy a thermo mug, drink delicious home-made coffee on the way to work, and save money.
14. By the end of the month stay aground
If you still have a week to pay, and you already cook buckwheat in order to somehow live this time, we have bad news: you are spending money incorrectly. With the correct distribution of expenses such non-cash days simply should not be. It is worth revising the budget and excluding items of expenses that drag you into the abyss.
Dear friends, tell us about your budget savings in the comments.