Let's be honest, most of us would like more money. However much you earn or seem to spend, there's usually never enough. According to one expert, the key lies in adopting a mindset.
It's about making wise choices and not frivolous spur-of-the-moment decisions. Jason Higgs, senior deals strategist at Bountii and an expert on saving money, says there are five things you should never spend money on if you want to be rich. Essentially it revolves around having some discipline and often thinking twice about making a purchase, whatever it may be.
If you want more money, think about these changes Impulse buying Impulse buying is a surefire way to drain your bank account. While it's tempting to think a little treat here and there won't make a difference, think again. Jason said: “Resist the urge to buy things you don't need and stick to a well-planned budget.
” Expensive subscriptions From various streaming services to premium gym memberships, subscriptions can quickly add up. Jason said that one study found the average value of unused paid subscriptions per month was around £32.84 in 2024, an increase from £25.
34 the previous year. Jason said: “Evaluate which ones you truly need and cancel the rest.” Branded products While brand loyalty can be tempting, generic or store-brand alternatives often offer the same quality at a fraction of the cost.
Switching to generic products can save you up to 30% on your grocery bill, according to Consumer Reports. If you’re a family spend.