Below are some purchases that will make you feel rich but are surprisingly affordable — as well as other ways to use your money wisely to feel like you’re living rich without the added costs .
“Go for a foot massage rather than a full body massage, which will cost a fraction of the price but still give you that pampering feeling to relax and unwind,” she said.
When you’re at the salon, Woroch recommended opting for a basic manicure or pedicure rather than adding all the extras and pricier gel style polish.
“This will shave about $20 to $50 off your service while still giving you some pampering,” she noted.
Do Your Research Before Dining Out
“Enjoy a meal out for less by looking for happy hour or early-bird dining deals rather than going out to eat during prime time,” Woroch advised. “Or grab a discount restaurant certificate from Groupon.”
Budget for a Splurge
“There’s nothing wrong with buying something that you really don’t need, but just make sure you budget for it so you aren’t going into debt and paying interest for it,” said Woroch. “And so it doesn’t get in the way of other bigger, important goals you’re working toward.”
She said this means listing out all your necessary expenses and making some room each money to put some money away into a fund that you maybe call “fun money” which you can use as you please on fashion, dining out, skincare purchases, etc.
“However, this should be spent after you pay your bills, put money towards your savings goals or debt payments,” Woroch added.
Put Your Savings to Work
Every time you dodge an impulse purchase, Woroch advised putting the money you would’ve spent into a separate savings account.
“Preferably, opening a high-yield online savings account so it’s out of sight and out of mind, and so you can make money on your savings thanks to high interest rates,” she said. “For instance, Bread Savings offers a 4.83% annual percentage yield right now so your money will make money for you.”
She said this passive income can help you afford more without spending your hard earned dollars.
Shop Savvy and Figure Out How To Spend the Least Possible
No matter how much you cut back on spending, Woroch said there will be things you need to buy for yourself and your family, so shop savvy to stretch your dollars in times of economic uncertainty.
“Before you buy anything brand new, think about other buying options. For instance, sign up for buy-nothing groups on Facebook and trade kid’s clothing at Swoondle Society,” she suggested.
Woroch also recommended always looking for gently used or refurbished options. You can find gently used clothing for up to 80% off at fashion resale sites like Tradesy, used sporting goods at Swap me Sports and save 60% off refurbished gadgets from Best Buy or eBay that offer warranties.
Leverage Free Rewards for Splurges
“Get a robust cash back card that rewards your daily purchases and other monthly bills,” said Woroch.
She added that you can find cash back cards at sites like CardRates.com.
“You can also earn cash back through deal sites like CouponCabin.com on everything, from clothing and home goods purchases to online grocery and takeout orders to travel bookings,” according to Woroch.
She continued, “Or earn free gift cards by taking pictures of your receipts using the free Fetch app. You can then use this ‘FREE MONEY’ to put towards those occasional splurges, Starbucks Lattes or pricey dinners out with friends or concert tickets.”
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