In March, I’m going to save money. Like big time saving! And I’m now looking how to achieve this.
A few months ago I started implementing this strategy whereby I save a big chunk of money AT THE BEGINNING of each month. Which makes for a good plan and for months to look like they are going by waaaaaayyyyy slower than before (I’m actually broke by the 25th, and I’m checking my account balance every hour in hopes of some surprise transfer suddenly made to me while at the same time looking at my saved amount singing “you can’t touch this”).
So, I have the means (deducting money right at the beginning of the month), but I was completely lacking the motivation. Why would I need to save money? I’m still 30 (yeah, yeah, 30 is super young, don’t you know that already?), I’ve no family obligations, no intention of buying a house or a car, and I’m not spending THAT much anyway. I struggled with this question for a little while, and I still am sometimes – why would I stress myself at the end of every month? The amount I decided to save was totally arbitrarily set by me for me and noone really pushed me for that. I shouldn’t feel I’m failing if at the end of every month I need to take a couple of hundred euros out of my savings (assuming I’ve saved more than a couple of hundred euros…)
And I actually came to this conclusion: I save to be able to do crazy things whenever I feel like it. Book a trip to Mexico. Buy a Chanel bag. Surprise your boyfriend with a weekend away. Take you mum to her favourite restaurant.
Coming from a financially challenged country (to say the least) as I do (I’m Greek 🙂 ), you could also add “potentially save your family from total disaster – but hopefully nobody will have to do that and we can also spend our money on chocolate.
I have a few advantages for saving money right at the beginning of the month:
- After paying your rent, bills and usual debts, you
think you knowknow exactly how much money you have left until the end of the month.
- Which helps really planning your activities and eliminate stress. You can better manage your budget and buy your tickets to concerts, plan your dinners out with friends, buy a book or two and renew your perfume that is close to running out. Also keep a little on the side to donate if possible.
- Saving and budgeting has actually also helped me think of more fun stuff to do (in a weird way…I really don’t know how this has worked). If I find 30 euros that don’t really need to be attributed to anything, I can consider spending them on this 1-day seminar on mindfulness or buy a knitting kit and spend my Saturday on YouTube rocking at knitting that scarf.
- With whatever money you have left at the end of the month, you can buy yourself/a loved one a little something (even if you can only afford 3 pairs of parrot socks from Primark). Or donate again – even better!
So, there you have it! All-grown-up me saving like a pro. Hopefully, this will turn into a good habit that I can continue mastering during more stressful periods of my life – e.g. children coming along, planning a wedding, taking a loan, losing my job or booking last minute tickets to Hawaii. Because money can’t make you happy, but the things you can do with money certainly can #thewisestthingyouveheardalldayImsure
Below I have a small selection of the things I wouldn’t mind spending my savings on – let me know yours 🙂