If you’re looking for a way to spend less money, focusing on organization is actually one of the best things you can do.
Did you know it’s actually proven that getting organized can help you control your spending impulses? And, that being disorganized actually has a negative effect on your brainpower (and spending impulse control). But, organization doesn’t just help with impulse control. It also helps you save money in other ways.
Check out the list below to learn four other ways organization helps you save money.
1. Organization Reduces Money Mistakes
Getting organized doesn’t mean you’ll never make a money mistake again, but it can help cut back on late fees for bills and lost reimbursements when you can’t find your receipts.
To get organized, you should come up with a system to:
- File your receipts. This will help you better reconcile your bank statements, give you proof of purchase for planned and unplanned returns, and give you proof for tax claims.
- Track and pay your bills. Even if your bills are paid automatically, you should still be monitoring them. If something goes wrong you don’t want to be dinged with late fees.
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2. Organization Stops Duplicate Purchases
Did you know that office workers annually spend about a week’s worth of working hours looking for misplaced items?
I’m willing to bet that people lose a lot of time looking for misplaced items at home too.
Keeping your house organized will make sure you can find what you need when you need it. That means you won’t waste money re-buying items that you already have.
Plus, you won’t have to waste your time searching when you could be working on your side hustles and making money!
3. Organization Helps You Get the Best Deal
When you’re organized, you can plan ahead and that’s an important part of getting the best deals. If you’re super prepared you could save a TON of money.
- Gifts – Instead of buying Christmas gifts on December 23rd, start shopping a year ahead of time. You can buy what you need on Boxing Day and Black Friday and get some great deals, or wait for that perfect gift to go on sale.
- Vacations – Plan vacations far in advance so you can buy flights during seat sales and get a sweet discount. If travel dates and destination are flexible you could be in for even bigger savings.
- Coupons – Getting organized will help you know which coupons you need, and where you can use them. That way, you won’t miss out on deals because you left coupons at home, or shopped at the wrong store
4. Organization Helps You Reduce Waste
Reduce your waste through organization by a) planning for what you need and b) knowing what you have.
When you take the time to plan for your needs you know what and how much to buy. This applies to lots of areas, but it’s especially important for food.
- Plan for what you need – Take my advice and make a meal plan. This is one of the best ways to figure out what food you need each week, and to stop buying extras!
- Know what you have – If you’re like me, you often get home from grocery shopping and realize you already had some of the ingredients you just bought. By taking inventory of your cupboard and fridge, you’ll be able to use what you have instead of buying pricey duplicates and wasting a bunch of food.
Being organized is all about common sense. So take a look at your life and decide where you need to start organizing to make the biggest difference for your budget.
As you chip away at getting all the areas of your life in order, you’ll become an efficient, money saving machine.
And, you’ll have peace of mind knowing your budget is doing better because of your hard work.