In order to save money, build a deep pantry, get debt-free or just build a savings you have to have the right mindset.
Mindset is EVERYTHING If you don’t have the right mindset you will fail. If you feel like you are depriving yourself all the time you will fail. If you feel resentful of others who have more money or who may not have the money but spend like they do you will fail. If you don’t have your why figured out you will fail.
I know it is hard to have a good attitude about having to live on a tight budget when you see everyone around you spending and buying all the newest and latest shiny things, things that you would also like to have, going on elaborate vacations, having the newest vehicle. Believe me, I understand been there done that. In fact I still every now and again wish I could buy the latest greatest. But I do a good talking to myself and talk myself off the ledge haha. And If I really think I need it I give it a couple of days to think on it. By then I either realize I don’t really need it, I find a way to make it myself, find a cheaper alternative, or put it on my Christmas/Birthday list. But I am not going to lie every once in a while I cave. But if I do cave and buy it I make sure I can pay cash ( no credit) and it isn’t going to mess up my budget.
So how do you have a good attitude and the right mindset especially when your friends are spending like they have tons of money giving no thought to tomorrow, next week, or next year?
Well like I said it is mindset. Here are a few things that I did to get in the right frame of mind so I didn’t feel like I was totally depriving myself all the time.
I started to make a game of it. I challenged myself to see how little I could spend and still get everything we needed. You can get pretty creative and it is fun to try and figure out how to do some things. Hence the 200 a month challenge.
I learned how to make a lot of my own stuff. I figured if I could get it in the store that someone somewhere had to make it so why couldn’t I just make it myself. I took it a step further though I was making everything even sunscreen. Do you know how much fun it is to be able to share with family and friends that you made such and such since so many have no idea how many things you can make yourself? I loved the shock factor haha. Although now when I tell my family that I made that, they are like “of course you did”.
The biggest thing though is how good you are going to feel when you are debt free, when you can buy what you want/need without worry when you know you have a cushion in the bank for an emergency large or small.
You have to look at it positively and keep in mind your why. And know in the long run you are going to be so much better off than the ones who are throwing money away on all the latest greatest things without a thought to what tomorrow may bring. We are headed into some very interesting times and you have to be ready for them. Making the sacrifices now will help for a better tomorrow.
When you get ready to make a purchase such as a Starbucks, maybe a quick drive-thru meal just think what you are spending it may only be a few dollars but if you spend 3 dollars 4 times a week that is 12 dollars a week 48 a month money that could be used to pay a utility bill or put towards Christmas. By buying something like that it just puts you further from your goals.