How to save money using the "ZERO SPENDING MONTH"and the 24-hour rule method
Channel: Global Banking & Finance Review
Date: 2019-07-15

How to save money fast is the topmost concern for individuals of almost all the age groups in the present era of increased standard of living and spending habits. so lets have a look at the two tricks that help us to save up. 
zero spending month
A zero spending month implies that you do not indulge in wasteful or luxurious shopping for a period of one month and only spend on necessities such as food and bills. Trying this for 21 days will convert it into an easy habit that can be carried on in the future times as well. This will greatly decrease the monthly expenses and will eventually help in creating a huge bank balance.  
One can even cut down on the unnecessary daily outflow of cash by eating simple home prepared meals, taking the cheaper commute to work, buying non-perishable food items in bulk, shopping at thrift stores and recycling and reusing stuff as much as possible. Do DIY projects at home rather than buying everything at the stores. This will reduce the spending and even give you a chance to apply your creativity to make something new.
24-hour rule
Applying the 24-hour rule implies that you give yourself a minimum timeframe of twenty-four hours to make a buying decision. Impulsive shoppers who are researching on how to save money fast should keep the things they want to buy on an online store on the wish list for at least a day. It has been seen that about 70% of the buyers do not buy the stuff kept in the wish list, returning after a few days. So give yourself some time to decide whether you really want and need to buy a particular thing or was it just an impulsive buying decision.
Would you try these methods? Let us know in the comment section below.
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