My Dad used to (actually, he still does) say that the millennial is awful with money. So, every month-end that would see me staring woefully at all the missing zeroes in my bank account, I would make a promise to myself that I would be a lot more planned with my moolah. That one month when I was down to my last few hundred rupees, made me realize that I needed to change my ways. When you’re in college, being broke is the worst thing ever, and I forced myself to get my ish together.
Enter Sooch 2.0, the smart, savvy (an exaggeration), wise as ever – with money – version of me.
• I didn’t really do a LOT, just made a few minor changes. For example, I am a teetolater and I realized that when I did go to clubs, I ended up being the grandma and trust me, when you are the ONLY sober person, you don’t need to be going to clubs in the first place. Getting rid of these friends of mine helped drastically. No money was wasted on Uber, or on other people’s liquor, and I got to spend my Sunday nights sleeping in. Unless of course, I had a night shift.
• The second thing I did was cut back completely on ordering in. And I would cook myself healthy meals that momma would approve. Which is something I do till date.
Not only does this save you money, home-cooked meals are almost always so much easier on your heart and your waistline.
• Investments are your best friend. Read up on mutual funds, and property investments and make smart choices. You’ll get returns and you will feel like a sorted person. Get someone to help you out, if you’re getting stuck somewhere. There’s zero shame in asking for guidance.
• I did a lot of debating, and finally made a giant change in my shopping habits. I don’t buy stuff I won’t ever wear. Which means I don’t have clothes that are lying around collecting dust, and I have a closet that gives me breathing space. I’ve also cut back on my makeup shopping addiction by putting myself on ‘low-buys’ and ‘no-buys’, throughout the year, which means sometimes I go without buying makeup for MONTHS at a stretch. I’ve also unfollowed accounts like Trendmood1 on Instagram, because she is an enabler who makes you feel like you are compelled to buy every new launch that every other brand under the sun comes out with.
• I eighty-sixed my credit card. That saved me a lot of headache and hassle and I don’t have humongous bills to pay at the end of every month. If you’re a compulsive and an IMPULSIVE shopper too, don’t get a credit card in the first place.
What are some of the ways you save money?