The question in the title of this article might seem a little contradictory, but being sensible with your money and having fun with your money doesn’t have to be two mutually exclusive things. It’s possible to be a smart, frugal person and, as a result, have enough funds to allow yourself a little fun now and then. It all comes down to good planning and a level head. Here are some tips on being a frugal shopaholic.
Monitor your spending.
This is where so many people go wrong. They fall into debt because they end up spending beyond their means and have to borrow money the following month simply to make ends meet with regards to rent or mortgage payments and basic necessities such as food. Of course, borrowing money to fund poor spending habits becomes a dangerous spiral very quickly, as you may already know if you’re a bit of a shopaholic. The key is to start monitoring your spending. Keep track of your earnings and your bills each month. Once you’ve figured out how much money you need to set aside for the necessities, you’ll know how much money you have left for the luxuries.
Firstly, you’ll need to focus on meeting any debt repayments or other lingering bills you face. If you practice self-discipline then this should be easy. Of course, if your financial situation is simpler than that then you can start to enjoy your disposable income more (because you’ll actually have a disposable income). It’s just about making sure you spend less than earn. That’s all it takes. If you want to treat yourself to a meal then look at your budget and see if you can afford it this month. If you want to try out casino online games from sites like Unibet
then set aside some funds and make sure it falls within your budget. The key is simply to plan and monitor your spending every month. Don’t ignore your bank account until the warning letters come through the post.
Vouchers are your friend.
If you want to buy that fancy new kitchen appliance or piece of technology then, once again, practice self-discipline. Do your research. You might be able to find a deal elsewhere on the same appliance or a very similar one; vouchers, coupons
, and other deals are all waiting for you online if you’re just savvy enough to search for them. Also, the 30-day rule is a great way to test yourself to see if you truly want a certain item. If you still want it in a month then it’s not just a passing desire. Remember, buying luxuries is fine if you’re smart about doing so.
Finally, the best way to fund your shopping trips is to save up more money for them in the first place. If you’re disappointed by the amount of disposable income you have each month then think about the ways in which you can increase those available funds. Cut down your waste at home and save money on your utility bills. For example, don’t use excessive amounts of water in the bathroom (and make sure the rest of your family doesn’t). And think of ways in which you can conserve energy. Insulating your home to trap heat is a smart idea but turning off technological devices or lights when you’re not using them is even simpler.