Trying to save money, it sometimes feels so boring and I hated thinking people saw me as tight-fisted. You don’t want to miss out on the fun, you want to have the best in life and you want to keep up with others. Particularly in big cities you see people throwing money around like no-ones business, it’s hard to control yourself. I’m not saying I disagree with any of these excuses, I’ve definitely used them for myself. But I’ve put them here just to show how ridiculous it is for us millennials to excuse ourselves from reaching saving goals whether it be travelling, marriage or a house deposit!
‘But Itsu is just so good’
Yes its good, but how cool would it be to eat sushi in Japan instead of Fleet Street.
‘I don’t scrimp on my hair care rituals’
While your hair looks marginally better, you’re going nowhere.
‘I just love how shopping in Waitrose makes me feel and the food is definitely better.’
Can’t argue with you on this, I love it too. But so does the average Waitrose shopper. Age 65, large pension pot, enjoys drinking coffee from fine china with an overpriced bacon sandwich on a Sunday afternoon reading the paper for a few hours. You may well be there some day, but your time will come and until then if you want to save, don’t go here.
‘I don’t want to look tight.’
Provided you’re buying your fair share of rounds if your out drinking, who cares how people perceive your attitude to money? Your financial goals are long run and theirs are no doubt short run if they are judging you.
‘If I don’t have my gym membership, I’ll be the size of a house.’
No. It makes you feel better having a gym membership, there are plenty of ways to exercise for free. Or easier yet, not binging on the weekends makes this ordeal easier.
‘I’ve had a busy week, I deserve this’
Believing you need to reward yourself for working hard by spending the money you have earned that week is a vicious cycle. It kind of defeats the point of working hard as you aren’t saving the money. It’s a circle of working, spending to recuperate and rewarding yourself from working hard and then working hard some more.
‘But Pret brownies are so good, I’m like addicted.’
No brownie ever tastes better than owning a house surely.
‘I like being generous with my money.’
But if your so generous with your money you then need to look tight-fisted in the final week until pay day, doesn’t it defeat the point?
‘As soon as I’m drunk on a night out, I just need a drink in my hand.’
I hear you, but that drink is no doubt going to be poured down some else’s back or down your front.
‘Having a personal trainer is so worth it.’
PEEEERLEASE, while your trying to save money , no it is not. Even if you aren’t trying to save, you’re still not convincing me on this one.
‘The chantilly carrots in M&S are somehow just better.’
When you’re attempting to save money a carrot is a carrot. Their should not be a name in front of your carrots. You have been sucked into consumer branding, congratulations.
‘I like just going into a Sainsburys and getting snacks and drinks I like, not thinking about money is so nice isn’t it.’
I agree! Lets hope your shopping experience of not thinking about money with your £6.50 of smoothie feels as good as drinking cocktails in Bali or swimming with pigs in the Bahamas hey!
If you are trying to save money take a look at how I save £13,500 in 18 months living in London here.