Even if you don’t keep a budget you should still be able to reduce the things that waste your money, thus saving yourself anywhere from a few thousands to tens of thousands or even hundreds of thousands of Naira a month (depending on your disposable income).

So what are the immediate ways you can save more money right away than you thought possible?

1. Bank Fees/Charges
Do you do so many transactions in a month through your bank account online eg airtime/data topup, money transfers (via USSD or bank app), bill payments etc?

Does your bank charge you high monthly maintenance fees, SMS charges for even the most frivolous messages they send you, and any other hidden charges you can only see in your monthly account statements?

Well you will find that most people overlook the monies they lose to their bank in form of charges and fees.

If you want to know how much you are losing to bank fees/charges simply request for your statement of accounts. You can do these through your bank app yourself depending on your bank. You can log into your bank app, find the Account Statement or Inquiry tab and select the time range you want. 1, 3, 6 or 12 month account statements are fine.

2. Buying Items on Sales That You Don’t Really Need
How many times in the past couple of years have you bought an item simply because you see it’s on sale. You are saving some money by buying stuff on sale right?

Wrong. Sales promos are psychological triggers to get people to spend more. On stuff they don’t really need.

Let’s say you have enough hairs and wigs already. Then you are browsing on Instagram and come across one of the hair vendors you admire. Voila! you notice they are having a massive sale – 25% off or even 40% off!. You start to get enticed and debate within yourself whether to splurge N60,000 to buy the hair (which normally goes for N100,000). Remember you do not need a new hair plus you did not budget or plan to spend on hair that month.

However, because you saw what you believe is a deal, a massive sales discount, you are willing to take out money you planned to save. To buy the hair. That’s how sales discounts get us to spend more money than we should.

3. The Wrong Set of Friends
Peer pressure is real.

If you are have friends who spend unwisely and tend to buy things to impress strangers you may just find yourself spending more than you should.

If you have a group of friends or a friend that always call you to

show you yet another piece of costly shoes or clothes to buy
discuss going on another Friday night partying and spending spree etc
instead of discussions that will improve your networth, maybe it’s time you changed or expanded your friend circle.

4. Subscriptions You Don’t Use
Have you been in the situation where every month you get several debits and receipts from subscriptions to one service or the other? And you wonder, heck! when did I subscribe to this?

In today’s digital world subscriptions are fast becoming a normal part of our spending life. Netflix, Apple music, Spotify, phone services, gaming, dating apps, cloud storage, online book/library services, home security, magazines/newspapers etc are some of the common things people pay subscriptions on every month.

More: https://nairabrains.com/6-clever-ways-to-save-money-things-we-can-stop-now-to-spend-less/