7 ways to spend money to help you live richer

Invest in yourself

Most of us have fixed monthly expenses, but don't forget to save a certain amount of money to invest in yourself. Anything that is useful in your work is worth investing in. In the future, it can help you earn more money or overcome unexpected adversities.

Remember the 3-8 rule

Divide 24 hours in a day into 3 equal parts, 8 hours for work, 8 hours for rest and the remaining 8 hours are the time you can use freely. Although this is a rough division, it will help you organize the whole thing. In terms of time concept, don't use all 8 free hours to watch movies, you should use more to expand relationships, improve knowledge and skills.

Help others within limits

Sometimes friends and family may need some money urgently and ask you to lend them. Of course, they are people we care about. At this point, we need to evaluate our bottom line, including how much we can lend and how long it will take to pay it back. Never borrow money to lend to others.

Shop after 24 hours

Online shopping is more popular, convenient and easier than ever. You browse it, find it interesting and click to buy without considering the value of use. Next time you encounter this situation, please wait 24 hours before placing an order. In most cases, when you go to the shopping cart, you will find that it is no longer really important.

Impulse purchases are emotional and often unnecessary. Avoid watching livestreams without the intention of buying. You will be drawn into the live sessions, competing with others to close deals, and end up receiving products you don’t really need.

Take 1 minute to review your daily transactions

Get into the habit of sorting through your bills every day, then taking a minute to review how much you spent. This will help you get a sense of how much you spend each day. On days when you spend a lot, you will notice that something is not right today, and you will be more conscious of your spending.

Don't go shopping with friends

When you go shopping with friends, the number of stores you visit will increase unconsciously and after heated discussions, the cost will often increase. If you really want to buy a particular product, it is better to go alone to control the cost.

If you struggle with impulse buying, you can ask yourself these questions before each purchase “Do I need this or do I want it?”, “What if I don’t buy it?”. Most of the time you will realize that you are just craving the item for a short-term event and not having it will not have much of an impact.

Not spending money is also making money

The less you spend, the more you have, this is an obvious conclusion. Have days when you don't spend a penny.

If you want to get out of a job that you don’t like, cutting expenses and increasing savings is the first step. Only by saving will you have more freedom and flexibility. Even during the time you are out of work, you will not have financial difficulties.