Lifestyle inflation refers to a system were you spend all that you have not because you are not prudent but because of a new status. As we wind up the year and begin a new year, I will show you 5 ways to reduce Lifestyle Inflation:
- HAVE A BUDGET: Don't just buy things on impulse, budget your money even before it gets into your account. With a budget,you can track your income and expenses.
- SPEND TIME WITH NATURE: If you love going out,consider going to parks. It's usually not as expensive as some other built up places. I know this depends on whereyou leave sha. Do your research,you would be amazed at fantastic places you could visit for a minimal amount and have lots of fun.
3.) NEGOTIATE: You would be amazed how much money you loose because you don't negotiate.Everything is negotiable,don 't take any merchant at their word. Beat the price down,you will most likely get a fair deal. The extra money could be invested. Practice makes perfect.Start negotiating today.
DON'T JUST BUY A BRAND NAME: Adverts make brands look like they are better than other generic brands in their niche. Brethren don't be deceived. Next time you go shopping take out time to check out other brands in that niche that are not popular you will find out that it is usually the same thing with a different name.
TURN OFF DATA WHEN NOT IN USE: You can reduce the money spent on data with this simple trick. Only put it on,on a need too basis. Telecommunication Companies in Nigeria have very high tarrif and this could increase your expenses. So cut it down by not allowing data waste when you really do not need it.
Thank you for reading, do share with me other ways lifestyle inflation can be reduced.
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