Four Science-Proven Tactics To Save Money With Ease

For the majority, money is an essential resource that you need to work hard for. With that in mind, you surely would not want to waste the fruits of your labor with careless spending. Proper cash management is essential to securing your future. Aside from the material benefits that money can provide, researchers from Texas Tech University proved in a study that increasing savings or assets significantly contributes to one’s life satisfaction or happiness. In spite of this, saving money is easier said than done. The temptation to splurge and spend follows you wherever you go. With the money-saving strategies presented below, you can watch your finances grow in no time.

Prioritize savings.

If you wait until you are done paying bills and buying necessities before setting aside money to save, you may end up with zero left over to store. You can avoid this mistake by using the “pay yourself first” tactic. Prioritize growing your savings by deducting the money for saving right after receiving your salary.  This is easier to do today as banks and companies often team up to offer an automatic savings option. An experimental study revealed automatic payroll deductions is a highly effective way to increase savings may convince you to try this method.

Hide your credit cards.

Credit cards can provide a convenient way to shop, but cashless transactions make it easier for you to overspend. To spare yourself the trouble of high credit card bills and charges, get into the habit of paying in cash. Cash may be your last option when your credit card is available, so you may want to leave your plastic at home. If you are not carrying your cards around, you can think twice before purchasing an item or only use it during times when it is really necessary. This claim is proven by Dun & Bradstreet, a consulting company with a study showing that people tend to spend up to 18% more when using credit cards. Just think of how much you can save by paying with physical vs. plastic money.

Procrastinate on spending.

Procrastination is a bad habit that kills productivity. Surprisingly, the practice of choosing to do things later can be a great tactic to help you save for the rainy days. You can do this by opting not to immediately buy items that you want. Instead, give yourself a day or two to think about whether you really want to purchase that item. Chances are, your desire to purchase something might have dwindle. If you are lucky, those items might already be on sale when you do come back to finally buy it. This strategy is proven to work, according to a research from Paris Dauphine University, saying that by delaying purchases  you can kick the habit of impulse purchases and save your precious dollars.

Visualize the future.

If you really want something and you have the cash for it, stopping yourself from buying it can be extremely difficult. To avoid overspending on unnecessary items, try imagining the negative consequences of giving in to your wants. Think about the rewards that you will reap by sticking to your resolve to save money. If you spend without regard about its effects on your future financial status, saving money is much harder. This theory is proven by a study from the Journal of Consumer Research. In order to grow your savings with ease, it will help to visualize the positive and negative effects of your spending habits.

Money management takes hard work and discipline. It may be hard to save up cash to ensure a comfortable future but it will surely be worth it. If you do not want money to be a major concern someday, you have to exert real effort to build up your savings. If you save religiously and invest wisely, you can soon enjoy  financial freedom.

Ty and Venessa CrandellFour Science-Proven Tactics To Save Money With Ease
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Three Vital Reasons To Aim For Financial Freedom

Financial freedom results from earning, or saving, enough money to be comfortable, no matter what unforeseen circumstance occurs. If you’ve established passive income from multiple revenue streams, or have a job that covers your expenses, you are in the perfect position to let your money work for you. Having the liberty to make decisions based on choice, rather than the pursuit of income, is a key element of life satisfaction. This type of happiness adds value to your existence. Here’s how:

You Can Live a Healthier Life

Monetary flexibility is good for your health. Extra capital in your savings account can go toward an emergency health fund. Even with a decent insurance plan, unexpected illnesses or accidents can become a huge expense. If you are not prepared to cover such a cost, you may be forced to choose between: incurring debt and settling for the medical care you can afford. On the contrary, if you’ve budgeted for such a scenario, you can pay for the medical attention you need without creating a financial crisis. Having the peace of mind that comes with being prepared reduces stress levels. Most people fear the unknown because they haven’t been able to adequately plan for it. Fear causes stress. This panic can be minimized with financial freedom. To top it off, creating an emergency fund not only decreases stress, but also betters your mental health. Worrying about money is draining. It can consume your every thought and action, but it doesn’t have to. You deserve the freedom of serenity, the freedom of prioritizing quality over cost, and the freedom of mental health. While money doesn’t buy happiness, it does indeed afford you better options for your health, and we can all benefit from that.

You Can Be a Blessing to Others

Most people have the desire to give, but lack the means. Some choose to set aside their budgets to assist others, but may face financial consequences down the line. This scenario is not ideal. Financial freedom affords you a unique opportunity to help others, sans fiscal compromise. Once you have more than enough money to support yourself, it’s much easier to give freely without sacrificing funds that were budgeted for other needs.

Financial freedom also creates flexibility of time. Charity doesn’t always mean money. Sometimes, time is the best gift you can give. People who must work a certain number of weekly hours in order to pay their bills probably don’t have many opportunities to take time off for service projects. However, people who have the flexibility of time, can and do.

You Can Take Control Again

When you are living paycheck to paycheck, you don’t have full control. Your financial needs dictate your time, decisions, and behavior. You may not be able to be spontaneous, take risks, or boldly stand up for your beliefs. When another person controls your ability to pay for your basic needs, you have to be careful not to agitate that source. Not being fully in control is limiting. Without financial freedom, it’s difficult to feel uninhibited. You may yearn to follow your dreams, pursue your passions, or express yourself without worry, but the consequences feel steep. Just remember, you don’t have to live that way. Set your goals on becoming financially unrestricted and watch how your options widen. Stop missing out on experiences that may interfere with your paycheck. Stop running from your dreams. Make freedom of choice a reality.

Financial freedom unlocks liberation in many other areas of life. You can’t afford to let money control you. Your health, passion, and life of charity are waiting for you. Create a path to economic independence, and start living the life you deserve.

Ty and Venessa CrandellThree Vital Reasons To Aim For Financial Freedom
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The Importance of Becoming the Dreamer and the Doer

Sarah Ban Breathnach, a celebrated author and public speaker, once claimed that “the world needs dreamers and the world needs doers. But above all, the world needs dreamers who do.” And in those two sentences, Ban Breathnach captures the entire sentiments of the mentality we all need to adopt in order to live a productive and fulfilling life. Too often, people feel the need to define themselves as one or the other––as a dreamer or a doer, a romantic or a realist, a play-it-safer or a go-getter. But progress doesn’t function in dichotomies. Progress is a result of everyone becoming their best selves and not conforming to definitions, boundaries, or labels.

In the pursuit of whatever it is that you want to get out of life, you must work on and improve both aspects of your character. You must become both the dreamer and the doer. You must embrace your inner dreamer and allow yourself to live a lifestyle that promotes and encourages creativity and imagination. Live in a way that allows you the freedom to chase inspiration wherever and whenever you may find it. In doing so, your life will fuel your passions and reignite your spirit, again and again, every day. The world needs dreamers to think outside of the box, imagine the possibilities, and challenge the standard because that is exactly how progress is made.

Additionally, in order to match your creative imagination and make your ideas and dreams constructive and fulfilling, you have to become a go-getter and take action. The world needs people who realize their dreams and act on them. More than anything, the world needs people who have come alive. There’s a difference between people who dream of their goals and the people who make them a reality. And in order for this world to advance and change, we need people to be proactive in pursuit of whatever it is that makes them come alive. So wake up every morning determined to do one thing each day that sets your dream in motion.

Essentially, Sarah Ban Breathnach got it right when she said we have to become a hybrid of both a dreamer and a doer because that is just what you need to make something meaningful out of your life.

Ty and Venessa CrandellThe Importance of Becoming the Dreamer and the Doer
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Why Traveling the World is Actually an Investment in Yourself

One of the main reasons that people don’t just take off from work to travel the world is that they feel that it’s an expensive luxury. They operate under the assumption that travel is for the rich. While it’s true that it takes money and time to be able to travel, it’s anything but a luxury. Traveling the world is actually an investment in yourself. So, this year, make time to broaden your horizon and better yourself by traveling to new places and experiencing other parts of the world.

Traveling the World Puts Your Problems in Perspective

If you’ve ever felt like the weight of the world was on your shoulders, there’s nothing like traveling to a country where others are far less fortunate to alleviate that pressure. When you see how the vast majority of the world lives, it’s almost impossible to feel resentful of your own circumstances.

Hopefully, having your own problems put in perspective will inspire you to give back in a sustainable way to the communities you visit.

Even if you happen to visit corners of the world where people have similar privileges, those experiences still have the ability to impact your perspective. After all, humanity is humanity, and we all have issues we need to work through. When you travel the world, you get a front-row seat to see how everyone else lives, and you start to realize that we all need to work with one another to make the world a better place.

Traveling the World Eliminates Fear of Other Cultures

Again, when you get that front-row seat to the way everyone else lives, you begin to develop a greater sense of empathy. You realize that everyone is a person; everyone deserves love and compassion.

It’s so easy to classify people who don’t look or sound like you as “other,” but the truth is that we’re all human, and there’s no reason to fear one another. The first step to eliminating that fear is to foray into understanding. When you travel the world, you take that leap into understanding and being a part of someone else’s rich and colorful life.

Traveling the World Inspires You to Achieve Greatness

Finally, traveling the world is an investment in yourself in that it inspires you to achieve greatness. Opening yourself up to new perspectives and seeing the world through different lenses allows you to see greater potential in yourself and in others.

Traveling is one of the most inspirational things you can do, so what are you waiting for? Achieve greatness, broaden your horizons, and learn to love the world!

Ty and Venessa CrandellWhy Traveling the World is Actually an Investment in Yourself
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