- Publish Date
- Tuesday, 31 October 2017, 1:40PM
Saving money each month can feel like an impossible task.
But sometimes the hardest part is just getting started.
It's amazing how just making a few small changes in your life can fatten your savings.
One Kiwi's genius tip is using the "cash-only" strategy.
The thought-process behind it is that, by only carrying a strict amount of cash each week, you're more likely to resist impulse purchases.
Yep, that means you'll focus on what you actually "need" rather than what you "want".
Plus, physically seeing the cash leave your wallet will change your perception and make you more thrifty.
So why not follow this little life hack to keep your cash where it belongs - in your pocket!
How to do a "cash-only" diet:
1. Establish how much money you need a week for daily expenses.
2. Withdraw the cash at the beginning of the week and budget for each day.
3. Don't allow yourself any wriggle room.
4. For some extra motivation, decide what to do with any change you've got left at the end of the week.