Experts Say This Is The Best Way To Start Saving Money
What is the best way to start saving money? Many experts agree that the 30-day rule is worth trying out, as it will not only bring you a lot of benefits but also help you learn quite a few important things about budgeting.
So, what is this rule all about?
How Does The 30-Day Rule Work?
Originally, the 30-day rule was created as a solution to curb impulsive purchases. Even small purchases that you have never planned can mess up your budget a lot.
But impulse buying is not only about the money that you spend. It is also about the actual habit and the meaning behind it. If you are not disciplined enough to stop yourself from buying unnecessary items, then how are you going to follow a money-saving strategy that can sometimes last a lifetime?
The best way to start saving money is extremely simple and straightforward – if you see something that you want to buy, wait for 30 days before actually making the purchase.
The great news is that you will get to buy the item in a month…if you still want it.
The Best Way To Start Saving Money: What You Need To Do
Create Shopping Lists
To make sure the 30-day rule starts working its magic, you need to develop a habit of creating shopping lists. Come up with a list every time you go shopping. If you notice something in the store that you have not written down – apply the 30-day rule to the item. The main purpose here is to avoid impulse buying.
Put Money Aside
Let’s say you have spotted a great T-shirt that you potentially want to buy in a month. Don’t wait for the actual day to get the money out of your wallet; put the exact sum aside the day you have discovered the item (ideally, choose an investment account).
You still want the T-shirt in 30 days? Your budget is 100% prepared for the purchase. By the way, the item might already be on sale when you come back to buy it.
What Are You Going To Learn?
Aside from saving you a small fortune, the best way to start saving money that we encourage you to try has a few other important benefits.
Gratification
The best way to start saving money will help you learn delayed gratification. If you decide to buy the item after waiting for 30 days, you will be able to fully appreciate the moment and the actual purchase.
Decision-Making Abilities
Without impulse purchases, you will have a whole month to think about whether you actually need the item or not, weigh up all the ‘pros’ and ‘cons’. You are going to need this skill in many other life spheres as well.
Discipline
Finally, the 30-day rule teaches you discipline that will, ultimately, make your life a lot easier. Unfortunately, even the people who know about the best way to start saving money are not entirely protected against different emergency situations.
What If The Unexpected Happens?
Unexpected important travels, medical bills, house repairs… All these things might make you ditch your saving strategy and spend all the money that you have been putting away. If you don’t want to touch your money-saving account, consider car title loans for your emergency fund.
Missouri Title Loans, Inc., for example, is fully committed to helping you get the cash you need by offering car title loans completely online.
What Is A Title Loan?
A title loan is a short-term type of loan that you can get using the title to your vehicle as collateral. After you pay off the borrowed amount, the title returns to you. All you need is your driver’s license, a lien-free title to your car, and your car itself for an inspection. With vehicle title loans, you can get up to $15,000 depending on the value of your vehicle by means of using your title as collateral.
Things To Know Before Getting Car Title Loans Completely Online
Bear in mind that in order to get a car title loan, you have to be at least 18 years old and have a lien-free title to the vehicle (a car, truck, or van). You can’t get a loan if you have an RV, motorcycle, trailer, or boat.
By the way, you don’t need a checking account to qualify, and Missouri Title Loans, Inc. will be happy to work with you under any credit situation. Moreover, employment is not needed and the whole process might take you as little as 30 minutes from the moment you meet with our agent for the vehicle inspection.
Get Car Title Loans Completely Online Today
What is the best way to start saving money? You should definitely give the 30-day rule a go! If you ever need extra cash to cover emergency expenses, using the money that you have been attempting to save is not your only option. You can get car title loans completely online and extremely fast. Start today by filling out an application form on our website to get up to $15,000 instant cash!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.