We often speak of bad habits, but there are some very good ones as well!
Here’s 7 daily habits we think you should incorporate into your daily life to get rich fast.
We’re not saying you’re going to become a millionaire overnight, but by incorporating these 7 money habits below we can guarantee you will save and make money along the way, and therefore lead a richer life.
- Only pay for what you need
- Learn to haggle
- Keep a spending diary
- Swap skills
- Use point cards
- Make the most of coupons
- Bulk buying
Every day without realising it we are wasting money on little things that if saved could make us some serious cash.
So what’s the solution? It’s simple really… only pay for what you need and you will get rich fast.
Everyday essentials like heating, car insurance and internet are mostly unavoidable but there are areas where we can all do with cutting down on. Try to reduce spending on things you don’t need, or better yet, things you can get for free like free food, free furniture, free haircuts, free cinema tickets and much more.
Little changes in your everyday spending can turn into big savings!
There is nothing embarrassing about haggling over the price of anything. It takes a bit of front but anyone can do it if they know how.
You can save money on anything from clothing to electronics, homeware and sports equipment. Simply asking for a discount can sometimes lead to big savings or discounts, but don’t accept the first offer. Remember shops out there would rather make a lower sale than no at all so whatever they offer push a little more and hopefully you’ll get a good deal.
Whether they say yes or no, stay pleasant and be friendly, particularly if you would like to come back to that shop later. It’s tough for everyone, particularly shop owners, so be nice and you’re likely to get more in the long-run!
MoneyMagpie’s top tip to keep out of debt is to live within your means. Genius huh? The problem is most people have no idea what is going into their bank account each month, and even less about what’s flowing out.
Most people think they know exactly what they spend but a spending diary can really help show you where you are throwing your money away and so how you can make big savings on your day-to-day purchases.
Get into the habit of tracking everything you spend so you can see just how much money slips through your fingers and this will help you manage your money better and of course get rich fast!
You don’t always need money to get what you want. Everyone has something to offer in terms of skills, it could be anything from accountancy to decorating, gardening to dog-walking or child-minding. You might have goods to exchange or even be willing to lend out equipment.
By simply swapping skills with others, you might be able to save £100s. There are a number of organisations out there that cater to whole communities of skill-swappers if you want to widen your horizons.
Remember! It’s not just skills that are swappable – your unwanted stuff is too. There are hundreds of sites around devoted to swapping clothes, DVDs, books… pretty much anything you can think.
Give skill swapping a go! You’d be surprised what you can get.
Most shops these days offer some sort of points or loyalty card. Sign-up for the ones you think you’ll need and every time you shop, you’ll earn reward points which can be used towards your next shop. It’s amazing how many of us collect up points and rewards and never get round to using them.
Tesco, Sainsbury, Superdrug, Boots, The Works, Starbucks, Costa, The Body Shop and even Nandos are just a few high-street shops that offer loyalty cards.
Scour Facebook for couponing pages. You’ll find hundreds of dedicated couponers who post regularly with tips and links to coupons. Follow their pages and keep an eye on their posts.
Also, at MoneyMagpie we’re big fans of the deals on offer at Groupon. If you’re a newsletter subscriber (and if not, why not?! – sign up here) you’ll know that we often feature great Groupon discounts. But, better still, Groupon have now teamed up with a range of National Retailers to create Groupon Coupons, check them out here.
The MoneyMagpies are big advocates of buying in bulk to save money. Everything from food to energy, holidays to nappies could be bought cheaper if you buy a lot in one go and this will make you richer in the long run.
What habits do you you live by for a richer life?
Let us know in the comments below or on Twitter @MoneyMagpie.