I’ve discovered that sometimes I just have to play mind games with myself to achieve my financial goals faster. For instance, we don’t live paycheck to paycheck, since we don’t need our next paycheck in order to be able to pay our bills.
But usually I act like we do.
I tend to keep only what we need to pay the current bills in our checking account. I tuck as much as possible away into savings accounts, and we don’t touch that money unless we really need to (such for our bathroom remodel earlier this year). It does mean that sometimes I find myself passing up stockpiling opportunities (that would save us money in the long run) because I’ve been spending on other things and even though the money for stockpiling is there, I don’t feel like it is.
Sometimes I think I go overboard with this sort of thing, and stress myself out over “not” having money when that’s really not the case. But it works for me, because it helps me keep our spending down, and that keeps our savings up.
Do you have any tricks for spending less?