How To Stop Spending Money | The 5 Most Effective Tricks (That Work)

No matter what we do, sometimes, we just can’t stop spending. A regular grocery run can end up costing hundreds of dollars, and it can seem like your money flows away. So you might be thinking about how to stop spending money, so you can save for larger goals in your life and become financially stable.

That’s why this article will feature the five most effective tips and tricks on how to stop spending money. Each strategy is carefully chosen to help you control your spending and make it easier for you to make a saving, rather than spending, a lasting habit.

How To Stop Spending Money

1. Put your savings where you can’t reach them.
That’s right – you might look at your account at the end of the month and wonder where all your money went. Sometimes, it’s easier to operate with less rather than more. So, once you’ve paid all of your bills and taken care of rent, choose an amount you want to save. Then, put it away in another bank account, and stow the debit card away. Don’t even look at the account balance. This way, you won’t be able to access your savings for any impulse purchases. Out of sight, out of mind, right? Plus, you’ll be able to build a consistent saving habit and watch your savings grow.

2. Budget, budget, budget!
Budgets are your friend, not your enemy. Making a monthly, or even weekly, budget is a great way to track your spending and be disciplined with your money. Food? No more than a set amount every month. Eating out with friends? Sure, once in a while, but just don’t make it a habit. Online subscriptions? Whoa, that’s a lot of money! Budgeting apps such as YNAB and Mint can even link to your bank account and help you see where all of your money is going.

3. Delay gratification.
If you’re looking through your social media and thinking about all the cool gadgets, clothes, or hobby items you can buy, it can be hard to resist spending $20 or $30 here and there on something that makes you happy. But remember, those purchases add up, and you’ll always be looking for the next thing to buy. The best thing to do is to think about whether you need something before you buy it. This way, you’re delaying the decision until later; you may not even want it that badly the next morning.

4. Stop spending money eating out.
This is one of the easiest ways to save tons of money. You might want to kick back on the couch after a hard day’s work and order takeout because you’re too tired to cook. But those $20 orders can add up to hundreds of dollars a month fast! Imagine how quickly you could pay off your debts with that kind of money.
Cooking at home is easier than it might seem, and a little bit of planning and preparation can help make the process easier. We’re not saying you should stop having a life and going out with friends, but budgeting for it and not doing it every day can work wonders.

5. Use cash as much as you can.
Try paying in cash, and your behavior might surprise you. You might have noticed that when you’re paying with a card, you end up spending more than you would. Research suggests that the physical sensation of cash allows you to have a better “grasp” of exactly how much money you have, which increases your awareness and may lead to better self-control. Handing over a wad of cash may even make you think twice about a purchase, compared to swiping or tapping a card.


At Advantage Financial LLC, we know how urgent it can be when you need quick cash. That’s why we’re ready to work with you for your car title loan. We’re a registered Credit Service Organization (CSO) with the Secretary of State of Texas. We also have the appropriate licensing and credentials with the Office of Consumer Credit Commissioner (OCCC). Plus, we have 13 years of experience serving the communities of Houston and the surrounding areas. Give us a call at (281) 410-5337, and we look forward to working with you.

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