How to Save Big Money In Big City
Big cities can be really expensive. So, if you are trying to save money while living in them, brace yourself for facing a lot of roadblocks. But does this mean you can’t save any money at all in big and expensive cities? No, that is most certainly not the case. In this article, we are going to discuss how you can save big money in a big city. Let’s get started.
1. Categorize Your Spending Habits
If you want to be able to save up more money in a big city, you have to learn how to categorize or breakdown your spending habits. A good way of doing this is by splitting your expenses into two major categories- essentials and extras. After you do this, you will be able to clearly see where you need to stop splurging blindly. This could be areas such as impulse shopping, getting yourself one too many Starbucks coffee every day, and so on.
2. Do Not Be Tempted To Spend On Entertainment
One of the best things about living in a big city is having so much to entertain yourself with 24/7. Starting from concerts, happy hours, dinners, drinks to weekend trips with your friends. While these are things one can feel very tempted to indulge in, don’t. Especially if you are someone who is running low on cash every end of the month or if you cannot seem to save up enough money, you shouldn’t be tempted to spend your hard-earned money on any form of expensive entertainment at all.
3. Learn To Cook At Home
Everyone seems to be always busy in big cities and we get it if you feel the same. Your workplace could be very far or you might be needing to put in extra hours almost every single day. That is very much understandable. However, just because of being busy does not simply resort to eating from outside or ordering takeaways. This is a habit which can be very expensive and you should let go of it in the long run. Learn to cook for yourself in your home. It might take you some time to do so. But it is definitely worth it and you will save up a lot of money for sure.
4. Get Yourself A Side Gig Or A Part-Time Job
If you want to seriously save up big time while you are living in an expensive and big city, then you need to step up your game! Go out there and get yourself a side gig or a part-time job. This will help you bring in some extra money besides your primary source of income. You can also decide to dedicate your entire income from the side gig or part-time job to savings.
5. Have A Concrete Saving Goal
Lastly, without having a concrete saving goal in your mind it is pretty much impossible to save up money. Therefore, make sure you have one and constantly keep reminding yourself of the goal whenever you are tempted to splurge your hard-earned money on something expensive.
This brings us to the end of our discussion on how you can save big money in a big city. Now, you let us know what are some of your personal strategies for doing the same.