Time and money are equally valuable. Some say that there’s nothing more costly than spending time and money. It’s either you’re spending your money on something, or if it doesn’t cost anything it’s probably taking up your time. Given that both entities are valuable, it is ideal to save them as much as possible.
How do you save your time while also saving money in the process?
1. Make a list and stick to it
Have you found yourself in a scenario where you take a trip to the mall to buy a specific product, and arrive back home hours later with a bunch of extra things in your shopping bags? Making spontaneous purchases can really add up. This will cause you to go over your budget and spend cash on things that might be unnecessary. Furthermore, going to different stores on a whim will extend your shopping trip, so you’ll take longer to get back. This is okay if you have a bunch of free time, but most business owners don’t have that luxury. Avoid doing this — especially when you have other plans. It might cause you to be sidetracked and lose any chance of accomplishing a productive workday.
The solution is to create a list and stick to it. If you’re going to the grocery store, only buy the items on your list. Go in and out of the store as quickly as possible. Keep in mind your set budget — this will enable you to save money.
2. Plan ahead
You can do this by setting an appointment reminder. If you have to go to a birthday party and need to buy gifts, set a reminder for when you intend to buy the presents. This will ensure that you don’t do it at the last minute. Being able to do things in a specified time frame will give leeway for unexpected chores or activities. Imagine a stressful situation where you don’t plan ahead. You remember to buy the gifts the day of the birthday celebration and you have work all day! Your last resort is to grab a quick generic gift with little thought put into it, which can come across as insincere.
By planning ahead, you’ll be able to keep some cash in your purse or wallet, as you’ll have the time to scour sites and stores for the perfect gift that is in your price range. By rushing a purchase, you may end up spending more than you should have.
3. Take advantage of online shopping
Nowadays, online stores have fantastic deals and sometimes better offers than physical stores. On top of the financial savings, you’ll get your shopping done with just a few clicks, and can expect the product on your doorstep within a few days. Skip the hassle of fighting for a parking spot, sitting in traffic, and waiting in line.
These tips will hopefully help you in saving precious time and capital.
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