“Where did all my savings go?” Many people may have encountered this question, often finding the answer to be that they spent it impulsively without realizing it. This can lead to unfortunate situations. MoneyGuru.co.th understands this problem, so today we have some saving tips for those who tend to spend without thinking. Each method is so effective that it feels like a betrayal to those who love to spend impulsively. Let’s take a look!


1. Open a Bank Account Without an ATM Card


Let’s start by eliminating the convenience of spending. Even if we have separate savings accounts in various banks, having an ATM card means we might still withdraw money impulsively. Therefore, we can tackle this convenience by opening a bank account without an ATM card. Now, withdrawing or spending money becomes difficult; we’ll have to go to a bank branch near our home or workplace. If we forget to bring our passbook, we might end up in a sad situation at the counter. Moreover, most ATM cards nowadays are debit cards that can be used for purchases, so without a card, the ease of spending disappears. We’ll only spend what we have on hand, and if we withdraw too much, it could be risky—whether from losing it or facing other unfortunate events. Considering all this, if we still manage to spend impulsively, that’s quite an effort!


2. Get a Piggy Bank with a Code Lock


Nowadays, piggy banks come with modern features, including ones that can be locked and unlocked with a code. This is a clever trick for saving money because once you deposit money, taking it out becomes quite challenging since you need to remember the code. If you forget it, you’ll surely shed some tears. We can take advantage of this by being the ones to deposit money but not setting the code ourselves; instead, we can have someone we trust, like a parent or partner, set it for us. This way, we won’t impulsively take money out because we’ll need to ask for the code, and we’ll likely face the reminder question: “What do you need the money for?” If we don’t have a valid reason, it will be difficult to spend the money, allowing us to save effectively.


3. Carry Only the Necessary Cash for Each Day


This method is simple as well: calculate your daily expenses and put that amount in a plastic bag, labeling each bag with the corresponding date for the month. Each day, take the bag that matches the date. This limits our spending significantly because if we overspend today and need to take from another day’s bag, we can see which dates we’ve skipped. Those numbers represent the days we need to hold back. This method not only helps us save but also instills discipline in our spending habits, as we must constantly think about how much money we have, how much is left, and how much we can spend. If we forget and overspend, we’ll definitely face consequences.


4. Leave Your Credit Card with Your Parents


Another culprit that destroys savings is the credit card. Its convenience can lead to impulsive spending. We might consider canceling the card or not applying for one, but some may argue they want to keep it for emergencies. This thought isn’t wrong, but it should only be used in true emergencies. Therefore, we should leave it with our parents or someone we trust to prevent ourselves from using it outside of emergencies.


5. Commit to Becoming Financially Disciplined


No method, technique, or tip for saving money is better than having self-discipline in spending. If we have good discipline, we can save money in any way. For those who say they lack self-discipline, it’s time to change that mindset and gradually adjust ourselves. Before long, it will become a habit, and we’ll develop discipline naturally. Saving money will give you more choices in life, whether for investments or for use in old age or emergencies. Therefore, we should practice saving money as a habit so that we won’t struggle in the future.

Thank you for the information from: MoneyGuru.co.th