Home / Lifestyle  / How to Save Money and Gain Independence

How to Save Money and Gain Independence

When you imagine your ideal future self what do you see? Most people dream of stability, comfort, the ability to try new exciting things and general independence from the needs that can hold them back, such as bills, mortgages, and unrewarding jobs. Sometimes it seems like winning the lottery is the only way to achieve these goals. There are more practical, real life methods too, of course, but it can be tricky putting them into action. Here are a few simple ways to increase your chances of finding a path to independence while saving money for the things you really want.

One: Used Instead of New

Whether you believe in deadly sins or not, pride is certainly a bad trait to have if you want to save money. Forget what possessions other people have around you. Comparing yourself to others is unhealthy anyway, but when it starts to affect your available funds you know it’s time to rethink your priorities. Learn to appreciate what you have instead of coveting new objects, for example try buying used cars instead of expensive new ones. In the long run this will save you money to afford the important things later on. Look at your current belongings and remember the excitement you felt when they were new. Once you’ve learned to love objects for their usefulness instead of the passive envy they might elicit from strangers, you’ll be in a better position to gain independence from the need to flash the cash.

Two: Sell Your Stuff

A step further than simply buying used instead of new is to make money from your unwanted possessions. Selling your unused possessions will clear up space in your home for what you truly want and will give you a little bit of extra money to buy it with. There are many ways of making money from your old things, such as yard sales and online marketplaces. Not only will you be able to make room for your new items, you’ll also be making someone else very happy with their purchase. Just because you don’t want it anymore doesn’t mean there isn’t someone out there who would appreciate and value it. Take advantage of this.

Three: Trim the Fat

Similar to the points mentioned above, it is important to streamline aspects of your life if you intend to save money and become more independent. Instead of lamenting the fact that you have yet to achieve your dreams of financial stability, focus on areas that need the most change. Do you have a collection of gadgets that you rarely use? Instead of accumulating expensive objects because they appeal to you in the moment, keep a firm list in your mind of what makes you truly happy. Whenever you spend money, consider this list and make sure that your hard-earned cash is being spent on something you’ll appreciate for years to come. Don’t let yourself be attracted to objects that will only bring you short term happiness. In the end, you’ll be pleased with your determination and discipline.

Writer and news enthusiast. Enjoy the simple things in life. A coffee on a Sunday morning listening to your favorite tracks. Take the time to love the world around you and enjoy life! Then work on something that you're passionate about.

Review overview