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Last Updated on by Noni May
The people who are able to save money effectively are few and far between. Saving is something that is just really hard to do. Giving up buying stuff now to get more in the future is rather abstract to most people.
What’s more, saving requires constant discipline. You can’t be a good saver online on Tuesdays and Thursdays and then not the rest of the week. Saving is something that you have to do every day of the week. One massive spending spree at your favorite online retailer can completely derail your efforts. (Think ASOS).
So with that said, are there any hacks that can help you get around this rather annoying problem. Do you have to be a Trappist monk to save in the 21st century? Or are there shortcuts that make the whole thing a lot easier? Check out the following.
If you want to make money online, I’d recommend you start a blog first. A blog is easy to monetize in a very passive way, so you can easily make some passive income with affiliate marketing or blog sponsors once everything is set up.
Then start promoting your blog with PR & Free Publicity to gain followers. If you already have a blog or if you’re not interested in blogging, I suggest you create an online course for free with Teachable.
The difference with other ideas to make a living online is that with a blog or an online course you can make (quick-ish) five figures, while if you’re doing survey’s for example, it will take forever and it will be a lot more work that’s less fun.
If you’re not a type that creates a lot, I suggest you get into email marketing, everyone can write emails right?
But even if you don’t, there are more ways to earn money online, so read further…
There’s a reason all of us want to save. It might be to buy a new laptop. It could be for a car. It could be so that our children have an education.
Here’s an idea: get a holder for all your credit cards and tape the picture of what you really want to it. Every time you pick up your credit card, you’ll see a picture of that thing you really want. Maybe it’ll help you think twice before blowing $40 on a takeaway on Friday night.
In the old days, people weren’t able to access the money in their “savings accounts.” This was because the banks had already passed that money on to somebody else to use. All the saver had was a promise that the bank would repay them at some point in the future, with interest. They had to wait, often for many years, before they could get hold of their money again.
It was a great system. It forced savers to actually save. Today, of course, that’s all changed. But savings accounts that hold on to your money for a set period of time still do exist. You can learn about the benefits of endowment plans as they’re called here. Once you pay in, you have to wait. At the end of the waiting period, you’ll get paid a fixed sum more than the amount you initially saved. If you want, you can then reinvest that money in another endowment plan.
Why are we all working so hard? Is it because we like it? Or it is because we want cool stuff? For most people, it’s the latter. We want cool stuff: it’s what makes working hard worth it.
The problem is that the modern world is full of things that are just so shiny. Millions of marketers are busting a gut to get us to part with our cash. And they’re succeeding, like never before.
Here’s a tip: set up a waiting rule for all new flashy purchases. If you see a new camera that you really want, don’t just buy it on impulse. Force yourself to wait a couple of weeks. If you still want it, then get it. You’ll find that this technique helps to weed out unnecessary impulse purchases.