I hope to make 2019 my year of spending less money in order to put more of it into my savings account. I want to retire early and do some traveling and in order to do that I'll need to pad my savings accounts to ensure that I can manage it. I will most likely take a part time job or work seasonally until I hit my full retirement, but if I really want to retire early, and I do, I need to be prepared. The best way I know of to save more of my money is to spend less of it.
One of my goals this year is to use up what I already have in order to avoid spending money. Using up or making the things I need from items I already have in the house will do many, many things. It will save me from having to run so many errands. I will save fuel in my car, wear and tear on my automobile and most likely a lot of time from needing to go somewhere to purchase stuff.
I'll be able to create my own gifts and cards for those I love and it will enable me to enjoy a lot of my favorite hobbies in the process. Homemade gifts can be tailored specifically for the person you are giving them to so they are much more personalized. They are also usually much better made and constructed too so the quality of your gifts is higher to what you might buy in a store.
I'll be able to use up things I've already spent my money on so it won't go to waste. It will also allow me to declutter my home in the process because I'll be bringing less stuff into my house while using up what I already have. That is certainly a win-win.
Spending has a tendency to put us into debt, especially if we have an unexpected expense crop up that we aren't prepared for. For a lot of us spending money, especially mindless or impulsive spending, creates stress and anxiety. Perhaps not initially, but if we overspend eventually it catches up to us and no one enjoys feeling like that.
Saving money and building up a nest egg actually has the opposite effect. It creates a sense of calm and wellbeing. And as that total on our balance rises it is empowering. Anxiety and stress is now replaced with joy and excitement.
One of my self-improvement goals I set for 2019 is to live with more intent and purpose. This year I want to make sure I spend my hard earned $$ more purposefully and with intent. I really want to take a moment and put some thought into where I choose to spend my money before I hand it over. And in the meantime I will sit back and enjoy watching my savings account grow.