💰New Money Habit 2💰Decluttering

Decluttering has been a buzzword for the past few years now. Even if you don’t feel like joining the whole fad of Minimalism Movement, you should give decluttering a try because it does relate to money management.

First and foremost, decluttering reduces our desire to purchase. Anyone who read KonMari’s book and follow her teachings will agree that decluttering is an exhausting, at times excruciating task! By simply clearing out the clutter in a space as small as the bathroom is enough to be shown how much stuff (in other words, money spent) one actually owns.

Some of the stuff we own are stored in places that are bound to be forgotten. It is only through decluttering that they come to light. We may think we need the latest product shown on commercials but once we see with our very own eyes and touch with our very own hands the stuff we actually own, we will see how bountiful our possessions are all along.

Apart from curbing our desire to shop, confronting with our clutters can resolve our potential to be an achiever to earn more money. Once a space is decluttered and the resources are lay neatly in front of us, there are less distractions and we will have clearer goals and work more efficiently.

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💰New Money Habit 1💰Budgeting

Budgeting is a surefire way to save money — if we follow it strictly.

When we have a budget, the first thing we do when we receive our salary is to immediately transfer our targeted saving amount of money to a separate bank account before we spend the rest. Meanwhile, no cheating with the credit card.

With the prevalence of financial tips, it is impossible not to know the amazing outcome of budgeting. But in reality, not many people actually practicing it since it takes a high degree of self discipline. And perhaps it’s the exact same reason why only a tiny percentage of the population is financially independent.

Yes, budgeting is a tedious task but it’s a one-off job. Once it’s done, you will be good for the rest of the month. There is a Chinese saying, “If you don’t show up to manage your money, money won’t show up to you.” (你不理財,財不理你) Can’t you spare a movie show’s time to sit with a spreadsheet and a pen if you genuinely want to be less poor, if not richer?

Of course there are those geniuses who don’t need to plan ahead and can still save a lot, but it requires so much willpower that most of us don’t possess.

There are always, ALWAYS, temptations (commercials, sales, groupon offers, pop-up stores…) that make you feel like you lack something and need to make new purchases. Without a budget plan, we will easily give in and spend more than we should. Not to mention the precious time we wasted on contemplating over which product to buy!

So my recommendation is this, like it or not, budget first, even if you can foresee a failure in the first month. You can always make adjustment. Just try to have a taste of living with a spending limit.

3 Ways to Maximise The Value of Your Possessions

1: Make Good Use of The Space

When I enjoy my gourmet coffee at the cafe, I don’t just sit there and scroll up and down on my phone. I read the magazines and use the WiFi service provided there. I also do things that only this particular atmosphere gives me the mood to do, like brain-storming, making writing plans or doing yearly review. (I spent my New Year Eve at the Pacific Coffee!)

Sometimes if I really crave for a nice cup of coffee but I am near my spending budget, I will invite someone whom I need to meet in a more decent place to catch up with to enjoy it with me. That way, I am less guilty of being too extravagant because I am not spending the money solely to please my taste buds, but also attending to my social life.

2: Learn Something From The Retailers

Smart buyers don’t just hand in the cash, grab the shopping bag and turn around then leave the shop. They observe and learn from the retailers. If I ever dine out, I look closely at how the food is arranged, the theme of the decor and how the waiters are trained to behave. When I am having a facial or a body massage, I try to stay awake and memorise their procedures and ask the beauticians questions on beauty maintenance if they don’t mind.

3: Use It Elegantly

While I find it too much of an excuse to say in some self-help books that buying a Chanel bag can motivate its owner to uphold better etiquette, I do agree that using something mindfully is a golden rule for money saving. To say the least, if we pay more attention as we walk on the concrete road, our sneakers don’t have to be replaced as often. Anything white is worth being cautious of. One time I wanted to take a sip of my takeaway coffee and the lid wasn’t placed evenly so I spilled one third of it on my white top — a double loss. Be elegant and don’t let what you bought go to waste.

👛How To Spend Less?👛(10) Have a Strong Purpose

Being frugal has become much less easier for me since the establishment of my long-term goal: to live in my own space. Once I think of the kind of life that I want to live, (wearing sexy home wear, using the kitchen whenever I want to, having a bubble bath every night…) accessories, costly meals and beauty products are no longer temptations.

Life coaches/motivators/therapists agree on how determining a strong reason is on the rate of successfully reaching a goal. That’s why successful weight loss cases after heart wrenching breakups are more prominent than people who repeat the same Facebook status “I gotta lose some weights” because the anticipation of their ex-partners’ jaws dropping is a powerful driving force.

Years of collecting fancy home decor photos didn’t really contribute much to my action-taking. I need a more personal reason. For a change, I keep reminding myself the pain inflicted by my failure of saving enough money by asking: How much longer do I want to put up with all things unsightly living with my parents in a house with no fixed place for slippers and shoes, hair pin on the den, and nail polish next to the fish tank? (Sometimes my mum even work squatting on the floor.)

Though having my own room (in which I can exercise a certain degree of aesthetic  rights) is considered a privilege in Hong Kong, there are still a lot more I am deprived of while living with my parents. I can’t prepare my own meals at my convenience. I can’t guarantee silence when I need to concentrate. These two are the critical input and output in my life and I want to guard them with all my will.

“Live your life to the fullest” is just a slogan until someone removes what limits her.

❤✨斷捨離心得❤✨ 做個長情的物主

英文有一個比”valuable”更昂貴的詞語,叫invaluable。

說一件東西無價,不是指它沒有價值,而是市場上甚少同類產品,因此無法給它設一個建議售價。

我男朋友的背包、錢包、衣服等身外物,都用了很多年,破破舊舊的,但在我看來,卻很有味道,比起商店陳列的新產品都要有吸引力。

你越懂得欣賞自己的「味道」,越能變成無敵的省錢達人,因為,你根本不想換掉那個好不容易才累積一定歲月,帶著你尊屬味道的用品,自然不會亂掏腰包。

現代人太習慣換新產品了,宏觀來說是在浪費地球資源,微觀來說會造成個人的財政困難。

做個長情的物主,你就會有錢。

跟我一起,訓練自己長時間用同一批東西吧!

👛How To Spend Less?👛(9) Cultivate Your Scent

There is a word in the English vocabulary that refers to a higher status of preciousness than “valuable” — “invaluable”.

Calling something invaluable doesn’t mean it carries no value. Since its counterparts in the market are so rare, it doesn’t have a retail price.

Everything my boyfriend owns has long history: his backpack, his wallet, his T-shirts… he uses them every day so they are quite old, but to me, his possessions are much more attractive than the New Arrivals at the mall.

The more you appreciate your very own scent left on your belongings, the more likely you will become a saving guru. You won’t want to give up a piece of scarf that takes so long to have fully absorbed your fragrant or those jeans with folds carved by your body line. With that in mind, you won’t want to replace them with something new.

People these days are so used to buying new products. On the macro level, it’s too depleting on the planet’s resources; on the micro level, it puts so much strain on a personal budget.

Be a master who develops long lasting relationships with your possessions and you’ll be rich.

Let’s give it a try living with the same stuff until they choose to leave us.

👛How To Spend Less?👛(8) Savour Your Current Possessions

Remember how excited we got when the first walkman (or the first MP3 player/iPod for those who were born after the millennium) was released? Now that everyone can listen to music with a smart phone, the technology of playing our favourite songs whenever and wherever we like has lost its glam.

Human desire is notorious for its growing appetite. The more it takes, the more it can take. It never knows when is enough.

The truth is, people in developed countries have a lot already, we really don’t need to purchase anymore. All we need to do is review our inventory and make good use of our possessions by adding value to them. If you have a bulky scanner stored at the bottom of your wardrobe, make good use of it by digitalising your paperwork.

We only need a certain amount of stuff to sustain your life. Anything extra will be counter-efficient to work hard for.

要學會反芻過往的消費帶來的愉悅。