Choosing Sides: Some Choices Keep You Honest In Quest To Save Money

How many times has someone told you they could get you rich?

Call it a get rich quick scheme or sound advice, everyone has an opinion on what it takes to make money, save money and be financially secure for the foreseeable future.

But the idea of being able to be rich right off the bat is a pipe dream, mainly because if you believe that having a plethora of cash on hand is something that can be done without hard work, you’ll be sorely mistaken.

The truth of the matter is a choice is what defines the smart and savvy when it comes to money versus those who are part of the standard. That “standard” is the average amount of money that the average person keeps in a savings (not checking) account: around a grand.

Ironically, not so grand at all.

What is it about “choice” that you can look at and get specific about when it comes to saving money?

It boils down to having a budget that works for you, but one that is predicated on making good money decisions. What we tend to do, however, is focus on choices that lend themselves to what they feel is a better life, better things and choosing to value a $40,000 car over one half the price when that would easily suffice.

And those choices aren’t only the big things, either. It’s the idea that you can save thousands of dollars per year when you simply cut out coffee out every day or starting planning meals so that you don’t spend thousands on lunch or dinner out at a restaurant a few times a week.

Imagine cutting out a sandwich and replacing it with money saved. As much as that sounds like an underestimation of what saving money is all about, it’s not. What it suggests is that those who save well and consistently know that it’s the small and large scale propositions about putting money aside that make that job easier for them than most.

In addition, choosing how you pay your bills, and budget out not only your expenses but aspects of money such as paying on time make a world of difference for not only saving money (due to a lower than usual interest rate for your pristine credit score) but also making sure when you have to finance, you’ll be on the higher end of the prosperity chain as far as lenders go.

Making the right decisions, the right choices about money makes the most financial sense.

Literally.

By doing so, you can still have all the things you want and need but on the terms that won’t leave you scraping and scrimping for cash.