Weekends are meant for unwinding from the daily grind and relaxing. Many of you love to splurge money on an expensive weekend plan. This might be your way to spend the time that you can call a “break from work”.
Different people expect different things to do during the weekend. However, cutting weekend expenses is mandatory if you are ambitious about saving money by leading a frugal life. You must treat them as luxuries and set them apart from your life for the time being.
They make your weekend special, but you can replace them with any other inexpensive habit as well. By doing this, you can make yourself immune from occasional financial hiccups. Attaining a better financial position is going to be easy.
Above all, you can think of getting better rates by applying for unsecured personal loans. Why? This is because the loan provider will be convinced of your financial stability and have no problem keeping the rates low.
You do not even have to agree to pledge collateral because of your trivial requirement. Since you have already cut back on non-essential payouts, your necessity will only be for a small amount of money. As a whole, your financial status will be steady, and you do not have to face a heavy funding gap.
However, the biggest challenge is to pursue this regime. You can get rid of this indulgence by going through this blog.
Ways to Slash your Weekend Expenditure
First, you must understand the ultimate goal that can be your motivation for this purpose. Starting without it is easy, but staying on track is very difficult. The different types of reasons you can have in the back of your mind are:
- Saving for an upcoming vacation plan
- Buy an expensive gift for your friend’s wedding
- Paying off an unexpected bill
- Taking debts on your control
- Completing a pending renovation work of the home
- Finishing last-minute Christmas party arrangements, etc.
You can see how this smart move can save you from depending on loans. This way, you can prevent the formation of future debts for insignificant reasons. Ultimately, you can untie your finances from the grip of debts to utilise them to achieve your primary financial goals.
Wondering how can you go about the process? Get some ideas from the below points.
1. Ditch travelling in a vehicle
Be it your car or a private taxi, you have to shell out money for this purpose. Do not ignore the fuel expense that you will have to bear in the case of your personal transport system. It might not appear like a direct outgoing, but you will eventually see a dent in your monthly earnings.
If it is a nearby place, you can quickly ditch your car for a nice stroll. Whether you ride your vehicle or book a private transport, it does not matter; any shorter distance will cost you more than anything else. Moreover, if you are planning to visit a far-off place, pick public transport as that will be super economical for you.
2. Skip going to the gym
If you calculate, you know the amount you have to pay for gym membership. Do you really feel the need to work out by paying a heavy price? You can do it yourself by watching free online videos as well.
The main idea is to be serious about exercising regularly, which does not require you to spend extra money. Motivate yourself with a goal and save your weekend spending on the gym. Besides, you will be able to save the additional money you shell out on the transport.
3. Explore a new hobby like gardening
It can be incredibly therapeutic as you will get to spend time in nature. You do not necessarily have to have a huge garden to experience this hobby. You can create your small garden in your abode.
You can collect saplings from your neighbourhood. It is a good idea to start with low-maintenance plants when you are an amateur gardener. Besides, if you already love this hobby but do not find time to cherish it, the weekend can be the best time.
Instead of going out with friends or dining outside with family, take time out for this hobby. You will not regret to see your plant babies growing healthy.
4. Pay a visit to a library
Do not leave the library in your vicinity unexplored! They are not at all boring and only for book lovers. In fact, anyone can go and spend some quality time among books. Encourage your kids to accompany you.
Visiting a library from a tender age will help your child to build a strong relationship with reading. The best part is that you do not have to pay any fees for that. You can even consider joining some book clubs for free.
5. Skip going shopping without any reason
Oftentimes, you plan for a random shopping venture without finalising any purpose. This is disastrous for your finances as you end up spending extra money on things you might not require. Do not consider shopping as a way to unwind during the weekend.
Restrict yourself from doing this if you want to stash extra money for some other purposes. For this reason, you must occupy yourself with other tasks, as mentioned in this blog. In addition, you must stop yourself from shopping online as this will have the same impact.
Instead, you must indulge yourself in some kind of hobby like painting or learning a new skill. Every time, keep the necessary item in the cart before buying.
The bottom line
When you do not try to make weekend savings, you might experience a pressing financial problem now and then. The situation might get worse with time, and you need to opt for loans with low credit scores to plug the finding gap.
You can reach out for loans once, but doing this over and over again is not correct. This is because borrowing will work against your credit rapport. If you fail to pay debts back on time, you cannot prevent a deadly financial scenario. Thus, saving money by eliminating weekend expenses is a far more convenient choice.
