A popular New Year’s Resolution people have on their list is spending less to save more. While it’s an admirable resolution to have, it’s one of the most difficult ones to accomplish. Of course, sometimes it can’t be helped. You can find yourself in the shopping mall alone with friends and if you don’t have techniques or strategies to avoid overspending, you might find yourself splurging.
While it might seem like a daunting resolution, being more thrifty this 2022 isn’t as difficult as it sounds. Given the proper techniques and life hacks, you’ll be able to fulfill your New Year’s Resolutions of saving more money this year. Here are a few examples of shopping mall hacks that you can use to help you spend less this year.
Start Proper Budgeting
When it all comes down to it, spending less and saving more comes down to proper budgeting. Start by creating a personal budget of your own and then making sure that you follow it. Basic budgeting starts with you noting your personal income. Jutting this down on paper gives you an idea of how much you are able to work with in terms of spending. You need to list down two kinds of expenses: 1) fixed expenses and 2) variable expenses.
Fixed expenses are your monthly bills, your electricity, your water, your rent and the like. Basically, these are the kinds of expenses you can’t normally cut down on. Variable expenses are those that you have a level of control over how much of your income goes to. Groceries, gas, entertainment and the like are forms of variable expenses.
Budgets are made for the sole purpose of you keeping track of your financial status. So if your goal this year is to spend less and/ or save more, it’s important to lessen expenses or keep your variable expenses to a minimum.
Start Using Shopping Lists
When it comes to shopping in a grocery or a mall, the trick to saving more money is to have a premade list that you can follow. By sticking to this shopping list, you’re not distracted by thoughts of whether you should get a certain item or not. This, thereby, helps you avoid unplanned spending and helps you stick to your intentions of going to the grocery or shopping mall.
Sticking to your shopping list doesn’t only help you save money, it helps save you time as well. Having a defined list of items gives you a sense of direction than not having any will make you go to the mall on a repeated basis. Lastly, having a shopping list helps you stick to your budget. By following your shopping list, you get to spend only the allocated budget you set aside for that certain shopping day.
Stay Updated With Outlet Mall Discounts
Whether it’s through announcements made through advertisements or just posts in social media, keeping yourself updated in outlet mall-wide discounts can help you save more money. It also helps to shop in a place that’s known to have regular promos and sales.
As an example, Paseo Outlets has sales and discount promos for as low as 20% to 80% off on an almost daily basis and depending on the season. Imagine getting the best retail offers on a regular basis and how much money you can potentially save for the entire year.
At the end of the day, being able to fulfill your New Years’ Resolutions is up to you. But given the following strategies, it can be relatively simpler than it should be.