{"id":1009,"date":"2017-03-23T13:25:49","date_gmt":"2017-03-23T12:25:49","guid":{"rendered":"https:\/\/cowrywise.com\/blog\/?p=1009"},"modified":"2023-08-23T11:10:41","modified_gmt":"2023-08-23T10:10:41","slug":"ways-to-save-money-lifestyle","status":"publish","type":"post","link":"https:\/\/cowrywise.com\/blog\/ways-to-save-money-lifestyle\/","title":{"rendered":"7 Ways To Save Money By Changing Your Lifestyle"},"content":{"rendered":"\n<p>For many of us, the issue is not that we do not have money but how we spend it. From fine dining to weekend &#8216;turnups&#8217;, we find ourselves spending money largely &#8211; both the amount we have and the one we don&#8217;t. Here are 7 ways to <a title=\"save money\" href=\"https:\/\/my.cowrywise.com\/create-regular-plan?utm_source=blog&amp;utm_medium=in_article&amp;utm_campaign=regular_savings_organic\">save money<\/a> with these lifestyle hacks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Eat out less<\/h3>\n\n\n\n<p>If you work in a bustling city, you are spoilt for choice when it comes to eating out. When hungry, it\u2019s easy for us to stop at the nearest The Place, Mama Cass, TFC or Jevinik. While fast and convenient, eating out could be hurting your financial wellbeing. On average, a meal could cost you as much as \u20a62,000 per plate. By the end of the month, you\u2019re poorer by \u20a640,000. Have you considered taking homemade meals to work? Have you considered taking time out to find alternatives, rather than settling for the available? There are quite a few good eateries around Lagos where you can spend as low as just \u20a6500 per meal. You just need to find them. This could save you as much as \u20a630,000 in a month or \u20a6360,000 a year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. Consolidate your entertainment &#8211; Ways to save money<\/h3>\n\n\n\n<p>Do you pay for DSTV, Netflix, internet subscription and Iroko TV and also go out to watch movies? How many of these do you actually have time to watch? Besides, for the most part of the day, you\u2019re at work. You could save money by focusing on a consolidated entertainment channel. These days, good internet access is all you need for entertainment, be it for movies, games or news. Why pay for more?<\/p>\n\n\n<div class=\"shortcode-block\">    <div class=\"inhype-postline-block-wrapper\">\n      <div class=\"container\">\n        <div class=\"row\">\n          <div class=\"inhype-postline-block inhype-postline-block-815282 inhype-block clearfix\">\n            <div class=\"owl-carousel\">\n            \n                  <div class=\"inhype-post\">\n                    <div class=\"inhype-postline-block-content\">\n\n                      <div class=\"inhype-postline-details\">\n                        <div class=\"post-categories\"><a href=\"https:\/\/cowrywise.com\/blog\/money-guides-and-tips\/\"><span class=\"cat-dot\" data-style=\"background-color: #000000;\"><\/span><span class=\"cat-title\">Guides<\/span><\/a><a href=\"https:\/\/cowrywise.com\/blog\/money-tips\/\"><span class=\"cat-dot\" data-style=\"background-color: #000000;\"><\/span><span class=\"cat-title\">Money Tips<\/span><\/a><a href=\"https:\/\/cowrywise.com\/blog\/saving-tips\/\"><span class=\"cat-dot\" data-style=\"background-color: #000000;\"><\/span><span class=\"cat-title\">Savings<\/span><\/a><\/div>\n                        <h3 class=\"post-title\"><a href=\"https:\/\/cowrywise.com\/blog\/plan-for-wedding\/\">How to Financially Plan for a Wedding without Incurring Debt<\/a><\/h3>\n                                                <div class=\"post-date\"><time class=\"entry-date published updated\" datetime=\"2021-08-19T10:11:55+01:00\">August 19, 2021<\/time><\/div>\n                                              <\/div>\n\n                                            <a href=\"https:\/\/cowrywise.com\/blog\/plan-for-wedding\/\" class=\"inhype-post-image-link\">\n                        <div class=\"inhype-post-image\" data-style=\"background-image: url(https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2021\/08\/Couples-go-broke-wedding-ring-03.jpg);\"><\/div>\n                      <\/a>\n                                          <\/div>\n                  <\/div>\n            \n                  <div class=\"inhype-post\">\n                    <div class=\"inhype-postline-block-content\">\n\n                      <div class=\"inhype-postline-details\">\n                        <div class=\"post-categories\"><a href=\"https:\/\/cowrywise.com\/blog\/money-tips\/\"><span class=\"cat-dot\" data-style=\"background-color: #000000;\"><\/span><span class=\"cat-title\">Money Tips<\/span><\/a><a href=\"https:\/\/cowrywise.com\/blog\/saving-tips\/\"><span class=\"cat-dot\" data-style=\"background-color: #000000;\"><\/span><span class=\"cat-title\">Savings<\/span><\/a><\/div>\n                        <h3 class=\"post-title\"><a href=\"https:\/\/cowrywise.com\/blog\/save-for-holiday-travel\/\">Travelling for The Holidays? Save Money with These 5 Tips<\/a><\/h3>\n                                                <div class=\"post-date\"><time class=\"entry-date published updated\" datetime=\"2021-11-30T16:21:35+01:00\">November 30, 2021<\/time><\/div>\n                                              <\/div>\n\n                                            <a href=\"https:\/\/cowrywise.com\/blog\/save-for-holiday-travel\/\" class=\"inhype-post-image-link\">\n                        <div class=\"inhype-post-image\" data-style=\"background-image: url(https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2018\/06\/7.-How-to-Travel-in-Africa.png);\"><\/div>\n                      <\/a>\n                                          <\/div>\n                  <\/div>\n                        <\/div>\n          <\/div>\n        <\/div>\n      <\/div>\n    <\/div>\n    <\/div>\n\n\n\n<h3 class=\"wp-block-heading\">3. Stop trying to look rich<\/h3>\n\n\n\n<p>Sigh! We\u2019ve all been there. We want everybody to know we are doing great. To paraphrase Tyler Durden, \u201cwe buy the things we don\u2019t need with the money we don\u2019t have to impress people that probably don\u2019t care\u201d. For instance, why buy a \u20a65M car when a \u20a62.5M car will serve you just fine? Why pay for things that hurt your finances just because you can? Wealthy people live well below their means, why shouldn\u2019t you? After all, \u201cThe art of living easily is to pitch your scale of living one degree below your means\u201d.<\/p>\n\n\n\n<p>Apart from helping you reduce your expenses, you will be able to maintain a lifestyle that will enable you to save more which in turn will allow you to achieve financial freedom faster. You should read our earlier piece <a href=\"https:\/\/cowrywise.com\/blog\/money-guides-and-tips\/much-my-income-should-save\/\">How Much of My Income Should I Save?<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. Don\u2019t spend what you are yet to earn<\/h3>\n\n\n\n<p>Most times we are driven by expectations. Expectations of: salaries being paid by month-end, a windfall hitting our bank account in 2 weeks&#8217; time, a promised cash from a friend or a share of profit from a side gig.<\/p>\n\n\n\n<p>We are often tempted to base our current buying decisions on these expectations by spending down our current cash above the normal limit with the expectation that some megabucks are hitting our bank account soon. When these expectations don\u2019t pan out as planned, not only have we overspent our current cash but also we might have ended up buying what we \u201cwant\u201d with cash with are yet to earn, instead of focusing on our \u201cneeds\u201d.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"http:\/\/cwry.se\/blog_signup\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"222\" src=\"https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2019\/01\/Money-management-breakers-03-1024x222.png\" alt=\"\" class=\"wp-image-4211\" srcset=\"https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2019\/01\/Money-management-breakers-03-1024x222.png 1024w, https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2019\/01\/Money-management-breakers-03-300x65.png 300w, https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2019\/01\/Money-management-breakers-03-768x167.png 768w, https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2019\/01\/Money-management-breakers-03-1536x333.png 1536w, https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2019\/01\/Money-management-breakers-03-2048x444.png 2048w, https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2019\/01\/Money-management-breakers-03-360x78.png 360w, https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2019\/01\/Money-management-breakers-03-150x33.png 150w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">5. So you want to club?<\/h3>\n\n\n\n<p>TGIF (Thank God it\u2019s Friday) is a great time to hang out with friends. One of the most popular activities is to hang out at the club. Clubbing isn\u2019t bad as it helps you unwind, loosen up and think of something else outside work.<br>What is bad is spending your hard-earned money on overpriced drinks and chops! It\u2019s a fact that you pay not less than 400% more for things you buy in the clubhouses. If you\u2019re splitting the bills with a few friends, that\u2019s fair. However, if you are driven by point 3 above, that is a red flag.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">6. Why keep huge cash in the bank?<\/h3>\n\n\n\n<p>Banks help us keep our money safe. With high inflation and low-interest rate on savings, however, your money doesn\u2019t serve you much enough in the banks\u2019 vault. Your money should always be working for you. Have you considered moving your money into high-interest rate savings where your money will be put to work, more efficiently? Have you considered finding a small business you can <a title=\"invest money\" href=\"https:\/\/my.cowrywise.com\/mutual-funds?utm_source=blog&amp;utm_medium=in_article&amp;utm_campaign=mutual_funds_organic\">invest the money in?<\/a> Bottom line: idleness does not earn you a dime; the same applies to idle cash.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">7. Automate your savings<\/h3>\n\n\n\n<p>Being humans, we tend to fall for the temptation of spending to buy \u201cwants\u201d, especially when the cash to do so is very accessible to us with our ATM cards, USSD payment channels or banks&#8217; mobile apps. Every now and then, we are faced with seemingly unavoidable needs to make spending choices.<\/p>\n\n\n\n<p>A perfect way to rise above this temptation is to set up automated savings. An <a href=\"https:\/\/cowrywise.com\/?utm_source=blog&amp;utm_medium=in_article&amp;utm_campaign=landing_page\">automated savings and investment platform like Cowrywise<\/a>, allows you to set an amount to be saved on your behalf automatically at any given date. It is a free, simple and tech-driven platform that allows you to save automatically while you also earn a return that is 2.5x what an average bank gives on a savings account. Try it out!<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Start saving on Cowrywise ??????<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/cowrywise.com\/save\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"221\" src=\"https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2022\/11\/automated-savings-CTA-card-1024x221.png\" alt=\"Gain access to secure savings plans\" class=\"wp-image-10331\" srcset=\"https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2022\/11\/automated-savings-CTA-card-1024x221.png 1024w, https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2022\/11\/automated-savings-CTA-card-300x65.png 300w, https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2022\/11\/automated-savings-CTA-card-768x166.png 768w, https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2022\/11\/automated-savings-CTA-card-1536x332.png 1536w, https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2022\/11\/automated-savings-CTA-card-360x78.png 360w, https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2022\/11\/automated-savings-CTA-card.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"><strong>RELATED<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size\"><a href=\"https:\/\/cowrywise.com\/blog\/dollar-investments-for-nigerians\/\">Dollar Investments in Nigeria<\/a><\/p>\n\n\n\n<p class=\"has-medium-font-size\"><a href=\"https:\/\/cowrywise.com\/blog\/save-money-negotiating\/\">How To Save Money<\/a><\/p>\n\n\n\n<p class=\"has-medium-font-size\"><a title=\"Savings and Investment Plans\" href=\"https:\/\/cowrywise.com\/?utm_source=blog&amp;utm_medium=in_article&amp;utm_campaign=landing_page\">Savings and Investment Plans<\/a><\/p>\n\n\n\n<p class=\"has-medium-font-size\"><a href=\"https:\/\/cowrywise.com\/blog\/types-investments-nigeria\/\">Investment Options in Nigeria<\/a><\/p>\n\n\n\n<p class=\"has-medium-font-size\"><a href=\"https:\/\/cowrywise.com\/blog\/psychological-tricks-to-save-money\/\">10 Psychological Tricks To Save Money<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are 7 ways to save money by improving your lifestyle in Nigeria. Master these saving tips and you&#8217;re on the road to creating wealth.<\/p>\n","protected":false},"author":1,"featured_media":2619,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[173],"tags":[242,181],"coauthors":[463],"class_list":{"0":"post-1009","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-saving-tips","8":"tag-lifestyle-inflation","9":"tag-savings"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>7 Ways To Save Money In Nigeria By Improving Lifestyle - Wealth Lounge<\/title>\n<meta name=\"description\" content=\"Here are 7 ways to save money by improving your lifestyle in Nigeria. 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Master these saving tips and you&#039;re on the road to creating wealth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cowrywise.com\/blog\/ways-to-save-money-lifestyle\/\" \/>\n<meta property=\"og:site_name\" content=\"Cowrywise Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/cowrywise\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-23T12:25:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-23T10:10:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2017\/03\/ways-to-save-money-nigeria.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"956\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alma Asinobi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cowrywise\" \/>\n<meta name=\"twitter:site\" content=\"@cowrywise\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alma Asinobi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cowrywise.com\/blog\/ways-to-save-money-lifestyle\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cowrywise.com\/blog\/ways-to-save-money-lifestyle\/\"},\"author\":{\"name\":\"Ope\",\"@id\":\"https:\/\/cowrywise.com\/blog\/#\/schema\/person\/04a8b1c88ff4fbf5ba81cec7e2c88d07\"},\"headline\":\"7 Ways To Save Money By Changing Your Lifestyle\",\"datePublished\":\"2017-03-23T12:25:49+00:00\",\"dateModified\":\"2023-08-23T10:10:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cowrywise.com\/blog\/ways-to-save-money-lifestyle\/\"},\"wordCount\":933,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cowrywise.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/cowrywise.com\/blog\/ways-to-save-money-lifestyle\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2017\/03\/ways-to-save-money-nigeria.jpg\",\"keywords\":[\"Lifestyle inflation\",\"Savings\"],\"articleSection\":[\"Savings\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cowrywise.com\/blog\/ways-to-save-money-lifestyle\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cowrywise.com\/blog\/ways-to-save-money-lifestyle\/\",\"url\":\"https:\/\/cowrywise.com\/blog\/ways-to-save-money-lifestyle\/\",\"name\":\"7 Ways To Save Money In Nigeria By Improving Lifestyle - Wealth Lounge\",\"isPartOf\":{\"@id\":\"https:\/\/cowrywise.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cowrywise.com\/blog\/ways-to-save-money-lifestyle\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cowrywise.com\/blog\/ways-to-save-money-lifestyle\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2017\/03\/ways-to-save-money-nigeria.jpg\",\"datePublished\":\"2017-03-23T12:25:49+00:00\",\"dateModified\":\"2023-08-23T10:10:41+00:00\",\"description\":\"Here are 7 ways to save money by improving your lifestyle in Nigeria. 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