Mind Over Money

Save Money By Planning Ahead

Forgetting to plan ahead can really add up. When you buy a bottle of water at the gas station and headache medicine at the airport, you pay a premium for convenience. This means that you are spending quite a bit more than you would need to if you took the time to plan ahead. Of course, even with the best planning, little things will come up, but you can save quite a bit of money by simply thinking about what you might need later that day.

Convenience

When you head out, you know that you will get thirsty later. This is a simple fact of life. Forgetting to take water along is just foolish. You can buy a multipack of water bottles at the store for about $4 or you can pay $2 per bottle at the gas station. Which is a better deal? If you really want to save, money and the planet, buy a reusable bottle and refill it yourself. Plain and simple, when you go out, think about what you will need and take it along. The savings can really add up. Headache medicines, lip balm, beverages and snacks are perfect examples of what you need to take along when you leave the house.

Waiting to the last minute

Planning ahead doesn’t only include taking things along when you go out. It can also mean thinking about purchases in advance. If you use your last check paying the rent, you might need to pay extra for a money order or cashiers check while you wait for your new checks to come in. This is a waste of money. Instead, monitor your checkbooks and make sure you order before you run out. The same goes for paying bills, why pay extra because you forgot to make a payment on time? Plan ahead and never miss a payment again.

Patience is a virtue

Online shopping is another great example. When making purchases online it is so tempting to pay a few extra dollars to get your item faster. While this may be worth the investment in some cases, generally you are better off waiting. How often have you paid to rush something in only to leave it in the box for a few extra days because you are busy? Save the money and choose the slower shipping.

A few dollars here and a few dollars there can really add up. Planning ahead is a great way to cut expenses without having to sacrifice anything.

Are you good at planning ahead?

 

Comments (6)

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  • Save Money By Planning Ahead…

    Forgetting to plan ahead can really add up. When you buy a bottle of water at the gas station and headache medicine at the airport, you pay a premium for convenience. This means that you are spending quite a bit more than you would need to if…….

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  • I don’t know if I’m the best planner out there, but I am probably more of a planner than most people. I don’t like procrastination and one of the quotes I constantly say is “don’t wait until tomorrow to do what you can today.” That helps me plan ahead for just about anything.

    Good post Kevin

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  • Great post! This is a good reminder to plan ahead in order to save money. If you are going to be gone for most of the day doing errands and shopping, bring something to drink and a snack so that you do not buy lunch while you are out. I am sure this gets more complicated when you have kids, but the amount of money you will save will increase even more if you bring juice boxes and snacks for your kids while you are out.

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  • I find planning ahead to be so much less stressful when it comes to money. When I know what bills are due when, then I’m relaxed when the day comes and know how much money should be going to a certain thing. I couldn’t imagine doing it any other way.

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  • I’ve found that one of the best ways to plan ahead for the future is to invest in life insurance.

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