Changing bad habits is hard. The best way to change a bad habit is to have some simple rules you can turn to when faced with a decision.
Rule 1: Invest in yourself. It's usually worth it.
Check out #22 Rule Number One: Invest In Yourself (https://savemoneyretireearly.com/blogs/100-dollars-a-day/22-rule-number-one-invest-in-yourself)
This article will talk about the second rule.
Rule 2: Waste Nothing. Don’t Pay For What You Don’t Use
There are physical limits to consumption. We only have 24 hours in a day. We can only fit "so much" food in our stomachs before we are full. We can only be in one place at a time.
In North America, there is this culture of consumption. However, we often find ourselves not consuming everything we pay for.
We waste food in our fridges and at restaurants.
We waste electricity to light areas of our homes we aren't using and to power devices that we use infrequently.
We waste gas, heating our homes when we are away.
We own more cars and TV's than people in our homes.
Seeing that we have a parking space, we buy a car and insurance to fill that space not because we need it.
If we have four rooms, we get four TV's.
We have more rooms in our homes than we have people to live in them. We have a family room, a living room, a den, a dining room, and a second living room. All of these rooms can serve the same purpose of bringing people in the house together, but actually, they are designed to push us apart since we may not have to even encounter each other on any given day.
We sign up for more gym and yoga memberships than we have time to use.
We buy more magazines, TV channels, and streaming subscriptions than we have time for.
We pay for more data on our phones than we use in any month.
If you are spending $40,000 a year, but wasting 10% or even 20% of the things you pay for, that's $4,000 to $8,000 a year you could be saving.
Take a look at everything you do in your life. How much do you waste?
Save Money Retire Early is written by Jon Lo, a barely 30 something change optimist, and personal finance guy. I believe anyone can be rich or poor, it's what you save that makes the difference.