Skip to main content

Use Sarthak's Solution to Save Money

I will actually skip the shameless self promotion. In any case it is best to get to the topic asap. I will tell you how to save money. I will walk you down the entire process and make sure there are enough examples along the route. If you need any clarifications, the comment section is all yours :D

 
Save money by tricking yourself!

The Sarthak's Solution To Save Money


Before I begin there are a few variables we will use. It's best you keep a piece of paper and a pencil ready. yes, a pen will do.

We will work on a weekly basis - starting from Monday to Sunday. On each day we will naturally have some urge to buy something. Now here's the trick. Instead of buying them, we will just note it down. You can fool yourself to think that you are just keeping a note for convenience. But what not to mention in the note, or rather what qualifies? Write only big purchases, things that cost a substantial amount. let me give you some examples.

i. A Coke, pizza, magazines - Cool - go ahead and enjoy.
ii. iPhone 5 - Note it down.

Of course, what goes and does not go on your list depends on your income. Decide carefully what is a trivial purchase for you(Coke) and what is not(iPhone). This is subjective. Bill Gates sure does not need to note an iPhone down. An island in the Pacific? May be.

Now in a day you may have multiple things you want to buy. Don't buy then. Write them all down. At the end of the day you will have a list. Repeat this for the rest of the week. Try to keep things unique. But then you can allow if you find some new reason to buy something you wrote on a previous day. For example if you liked iPad for a Retina Display on Tuesday, you can't write iPad for the same reason on Thursday. But you can include it on Friday for build quality may be! New reason.

At the end of the week, that is on Sunday, you have 7 pieces of paper with all you want to buy. Now check honestly how many items are repeated. Pick top three things that are most repeated, sorted in ascending order. Write down the price of each item and add it up.

Now ask yourself this question -
You survived well enough without them for a week. Can you survive for another?
If the answer is yes, go ahead - don't buy and check if you need it. If the answer is no, think hard why you can't. If the answer does not come to you in a flash, give yourself some time - may be not a week and check. If you get an answer that you believe is genuine, go ahead and give a tick on it.

Say you have two items on your list -
1. Batmobile
2. Harry Potter's wand

Now check the total amount of money you saved in a week by not giving in to your urge to spend. Now think again if it is worth it to buy any of these. Say you feel that you can do without the wand, then scratch it. You are left with the Batmobile. If your finances are good, this is a time you can buy it - provided you really require a Batmobile to go to work or maybe kidnap somebody. If you are on a tighter budget you can either feel good about saving the money you added up on the list or extend the weekly check to a monthly one.

I am currently giving it a try on a monthly basis for a stress test. Will keep you posted here for updates and a cool flowchart for the same. Good luck.

Comments

Popular posts from this blog

My love affair with ThinkPads

I had never used a ThinkPad in my life till 2018. To be honest, I did not really see the benefit of using them anyway. Consumer series laptops (with plastic bodies) were the ones that I had always used before. Then I was introduced to the rugged looks of the T60 and T61 original IBM ThinkPad designs that came out way back in 2004 or so. And I loved it. Finding a ThinkPad that old did not appeal to me. I was impressed with the smaller compact X series laptops and decided to have either an X230 or an X220. Both of these are fairly similar and were launched about 8 years back. But they still sport good processors, plenty of memory upgradability, provision to add a maximum of three hard disks and a decent battery backup to boot. My reasons to get this were simpler -  They are rugged, I like to use my laptops well Memory is not soldered. There are plenty of options to upgrade. The keyboards are probably the best in the world. Why not get the latest ThinkPad? Again, simple.  They come with a

How To: Change Fonts On The 5800, 5233 etc

The font that comes with Nokia is nice. But after six months you are bound to crave for a new look to your phone. Now changing fonts on a phone is usually not an easy task, I mean that was how you must have thought. But you know what you can use custom fonts, yes any font of your choice on your Nokia phone without any software. All you need to do is copy and paste a bunch of files. No replacing of system resources necessary! First to increase your greed, I will post some screenshots, Screenshot Gallery o   Font Style Download o Another Font Style Now let me tell you how I did it. Procedure to apply new Fonts Connect the phone in the ‘Mass Storage’ profile to the computer. Alternatively, you can use the memory card reader. Goto the Memory Card, it shows up as a Removable Disk. Navigate to the ‘resource’ folder and open it. Copy the ‘Fonts’ folder into in. Eject the device and restart. You should see the new fonts applied. Procedure to apply your Fonts Ma

Reaching the peaks of my own stupidity or not

 I have never considered myself to be particularly intelligent. Though I have not had myself clinically diagnosed, anecdotal evidence and day to day activities amply demonstrate how stupid I am. Now wait. This does not mean I am indulging in self pity.  No. Far from it. I have had successes in life. I continue to do well in things that I love to do. I have no complaints there. It is just that I do feel my intelligence lacking. My success is, therefore, despite my stupidity and I take some pride in it. Of course defending the statement - 'I am stupid' is difficult. Especially without a test that ascertains the fact for certain. I will make a more nuanced statement as a result. I have less intelligence than the average person around me. That is a more defensible stance and there are tests (even other than IQ) to confirm it. Aptitude tests are a good example. I do horrible in them.  Okay, there is an exception - I got into IITB. But that was me trying for a third time. In any case