{"id":48241,"date":"2020-10-18T00:00:49","date_gmt":"2020-10-18T00:00:49","guid":{"rendered":"https:\/\/www.lovehappensmag.com\/blog\/?p=48241"},"modified":"2023-04-26T16:07:40","modified_gmt":"2023-04-26T16:07:40","slug":"10-tips-for-saving-money-in-the-middle-of-a-pandemic","status":"publish","type":"post","link":"https:\/\/www.lovehappensmag.com\/blog\/2020\/10\/18\/10-tips-for-saving-money-in-the-middle-of-a-pandemic\/","title":{"rendered":"10 Tips for Saving Money in the Middle of a Pandemic"},"content":{"rendered":"\n\n\n<p class=\"wp-block-paragraph\">Due to the current pandemic in the world, we were forced to stop doing many of our normal activities. Once our freedom came under attack, we had to get used to the new normal. The truth is that with confinement we no longer go out like we used to. Dinners out, if at all, are much less frequent. The cinema, concerts, museums, and plays are scarce, if not completely out of the question. And those shopping mall excursions definitely don&#8217;t happen like they used to. All this change came to make us think we were going to save more money, but this is not quite what happened!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Regardless of your circumstances, the coronavirus&nbsp;serves as a reminder of the essentials of money management. And a reminder that setting aside a percentage of your income for an emergency is more important than ever. For that reason, read on for tips for saving money in the middle of a pandemic!<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\" id=\"h-10-tips-for-saving-money\"><strong><em>10 Tips for Saving Money<\/em><\/strong><\/h2>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-take-back-control\"><strong>1. Take back control<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">One way to control the money we spend is to know exactly the money we have. Make lists of real short-term and long-term goals and exactly how much money we need or have to save. Another way is to establish an automatic monthly withdrawal from your checking to a savings account. In other words, <a href=\"https:\/\/www.thestockdork.com\/fast-fortune-club-review\/\" target=\"_blank\" rel=\"noreferrer noopener\">educate<\/a> yourself and get organized!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-build-a-positive-relationship-with-money\"><strong>2. Build a positive relationship with money<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The way we spend money often comes from how we learn to spend it. So, much of the standards we have come from how we saw our parents, family, or even friends spending money. The most important thing is to understand the relationship we have with money.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-3-start-saving\"><strong>3. Start saving<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Starting to save early is very important. However, this process is not always easy, especially when unexpected expenses arise such as a flat car tire. The best thing to do is to go to your bank and find out which\u00a0<a href=\"https:\/\/joywallet.com\/article\/types-savings-accounts\" target=\"_blank\" rel=\"noreferrer noopener\">type of savings account<\/a>\u00a0plan is best for you in the long run and set a goal. Perhaps one of the harder tips for saving money for some, but you can do it!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-4-say-no-to-seduction\"><strong>4. Say no to seduction<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">We are often seduced to buy things that we actually don&#8217;t even need just because we are using our consumerism power. Just as if we go to the supermarket hungry, we will end up buying things that actually weren&#8217;t even on our shopping list. Start by taking advantage of what you have and making lists of things you really need to buy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-5-build-an-emergency-fund-and-work-up-toward-investing\"><strong>5. Build an emergency fund and work up toward investing<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Now more than ever, due to the pandemic that has overtaken the whole world, we realize that having an emergency fund is a good idea. Defining our short-term goals can mean that after all your paid bills there is money to put aside. Just as setting long-term goals can also make you start investing money in something that can bring you great returns.<\/p>\n\n\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"http:\/\/www.bykoket.com\/guilty-pleasures\/casegoods\/obssedia-dining-table.php?utm_source=LH_Blog_Article&amp;utm_medium=banner&amp;utm_campaign=Banner_Article&amp;utm_content=obssedia_dining_table\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.lovehappensmag.com\/blog\/wp-content\/uploads\/ext-campaign\/article\/kk-obssedia-dining-table-750.jpg\" alt=\"\"\/><\/a><\/figure>\n<\/div>\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-6-make-extra-money-by-clearing-your-wardrobe\"><strong>6. Make extra money by clearing your wardrobe<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Nowadays there are countless Instagram pages selling vintage or second-hand items, and even sites like collective Vestiare. Clean your closet and put on sale everything that may be in good condition and you can recover some of the money you spent!<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/www.lovehappensmag.com\/blog\/wp-content\/uploads\/2020\/10\/ysl-chanel_laura-chouette-osi6B-hEs1I-unsplash.jpg\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"710\" height=\"710\" src=\"https:\/\/www.lovehappensmag.com\/blog\/wp-content\/uploads\/2020\/10\/ysl-chanel_laura-chouette-osi6B-hEs1I-unsplash.jpg\" alt=\"red ysl purse, chanel make up and jewelry photo by laura chouette\" class=\"wp-image-48296\" srcset=\"https:\/\/www.lovehappensmag.com\/blog\/wp-content\/uploads\/2020\/10\/ysl-chanel_laura-chouette-osi6B-hEs1I-unsplash.jpg 710w, https:\/\/www.lovehappensmag.com\/blog\/wp-content\/uploads\/2020\/10\/ysl-chanel_laura-chouette-osi6B-hEs1I-unsplash-150x150.jpg 150w, https:\/\/www.lovehappensmag.com\/blog\/wp-content\/uploads\/2020\/10\/ysl-chanel_laura-chouette-osi6B-hEs1I-unsplash-300x300.jpg 300w\" sizes=\"auto, (max-width: 710px) 100vw, 710px\" \/><\/a><figcaption class=\"wp-element-caption\">Photo by <a rel=\"noreferrer noopener\" href=\"https:\/\/unsplash.com\/photos\/Y1Yjp0zY8ss\" target=\"_blank\">Laura Chouette<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><a href=\"https:\/\/www.lovehappensmag.com\/blog\/2020\/09\/29\/top-places-to-shop-for-authentic-pre-loved-vintage-fashion-online\/\"> Top Places to Shop for Authentic Pre-loved &amp; Vintage Fashion Online<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-7-spring-clean-your-subscriptions\"><strong>7. Spring clean your subscriptions<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Subscriptions are extremely important. How many times have you paid for the gym you haven&#8217;t been to for more than two months? Or that meditation application that we pay monthly that we don&#8217;t even use? This is a problem! Combat it by asking the bank for your monthly statement and cancel everything that no longer makes sense to pay! You may be amazed how much this, of all tips, will help when it comes to saving money over time.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-8-switch-energy-and-mobile-phone-suppliers\"><strong>8. Switch energy and mobile phone suppliers<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Most of the time when we buy something we don&#8217;t do a pre-defined study on what we are going to buy. This means that most of the time we pay more for something that another store sells cheaper. Before buying something, always go to a price comparison site and you will always pay less!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-9-tackle-your-debts\"><strong>9. Tackle your debts<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The problem with credit cards is that we always end up spending more money because we have a large ceiling available. Sometimes this can lead to deception and that is why we should always buy only what we can afford. Otherwise, we can start to incur <a href=\"https:\/\/www.creditglory.com\/collections\/american-credit-bureau\" target=\"_blank\" rel=\"noreferrer noopener\">large debts that we cannot pay<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-10-practice-gratitude-and-giving\"><strong>10. Practice gratitude and giving<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Always give thanks for everything you have. If you can spend some of your money to help others, do it! More than ever, the spirit of helping others and the sense of community is important.<\/p>\n\n\n\n\n\n<p class=\"wp-block-paragraph\">We hope these tips for saving money help you fill your bank account and get all the things you dream of!<\/p>\n\n\n\n\n\n<p class=\"wp-block-paragraph\"><em>Words by In\u00eas<\/em> <em>Vidal<\/em><\/p>\n\n\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><a rel=\"noreferrer noopener\" aria-label=\"Empowering Women to Take Control of Their Finances &amp; Own Their Worth (opens in a new tab)\" href=\"https:\/\/www.lovehappensmag.com\/blog\/2019\/08\/12\/alli-mccartney-ubs-alignment-partners\/\" target=\"_blank\">Ladies, Take Control of Your Finances &amp; Own Your Worth<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Due to the current pandemic in the world, we were forced to stop doing many of our normal activities. Once&#8230;<\/p>\n","protected":false},"author":9,"featured_media":48295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[31],"tags":[6479,6775],"class_list":["post-48241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","tag-finances","tag-financial-power"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>10 Tips for Saving Money in the Middle of a Pandemic - Lh Mag<\/title>\n<meta name=\"description\" content=\"Regardless of your circumstances, the coronavirus reminded us all of the essentials of money management. 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