As Coco Chanel once said, "The best things in life are free and the second best things are very, very expensive." If you simply don't have the money, then you need to have the discipline to manage your finances. Here are few tips you can try.
Set A Monthly Budget
The first step is to determine the amount of your basic monthly bills; this includes rent, cellular phone charges, utilities, food, personal grooming and medicine, among others. Next is to determine the amount of your basic indulges and see which ones you can cut off. For example, you don't need to order a macchiato everyday if you can get your caffeine fix at home or in your office's pantry. This is where you have to be honest with yourself in determining which of your purchases are unnecessary.
When this month's payroll comes, withdraw the amount that you need to cover the basic monthly bills and a reasonable amount of personal allowances for your wants. This way, you'll limit yourself to a certain amount to spend rather than taking frequent trips to the ATM or swiping your credit card aimlessly.
Always Have A Margin Of Safety
When you're still young and single, it's easy to justify frivolous purchases because you'll reason out that payday is on its way. So it's totally acceptable to drain your savings account to pay for that shiny, new bag. The words 'You deserve it' and 'Treat yourself' are whispering in your ears, pushing you to buy the thing that you've always wanted. While it's okay to indulge in treats from time to time as a personal reward for your hard work, it's a different thing to give in to impulse. This will cause you to sacrifice your savings or worse, fall into the habit of not saving at all.
Savings are important because they provide you with a margin of safety just in case any situation comes up. Let's face it, we never really know what the future will bring. You may be living your best life now, but you'll never know when the tables will turn. There are so many things that are out of our control but money shouldn't be one of it. A good way to treat yourself is pre-set a reward once you reached a goal, not deciding on the reward after. For example, if you finish this project, you'll treat yourself to a new lipstick. This will motivate you in reaching your goal, and the added benefit is that it's a premeditated reward, something that you really want and something that you really earned.