There is nothing wrong with owning things you want as long as acquiring them is within your means. The problem with consumerism is that that it does tell you when enough is enough. Before you know it, you are already in big trouble.
It is still possible to save. You only need to know, learn and do the basics of saving.
1. Know why you need to save. Early on, you need to set your goals and know what you are saving for. Clearly defined goals offer motivation to a disciplined lifestyle.
2. Know where to find the money. Financial experts say you need to save at ten percent of your income. You can use this amount as your starting point. Once settled, you may engage the help of online financial calculators. They will help you determine how much to save each month to get “x” amount of money in “y” number of years. You may need to make adjustments on your monthly savings based on these calculations, but be sure that it is still within your means.
3. Prioritize your expenses. To set aside some money for your savings may need a little sacrifice on your part. Be sure to let your children know what the gratification is all about. If you have not been used to budgeting, this is where it can come handy. The budget is still the best tool in prioritization. You can find available help for budgeting on the internet. There are websites that offer templates that will help you compare your expenses against your income.
4. Don’t give up too soon. Consistency is the key to your success. You may be tempted at times to spend your savings but that feeling is natural. Budget your finances correctly so that you can reward yourself occasionally.
In order to succeed in your goals of saving, you need to start somewhere. Saving requires work. It is counter-culture, that’s why you need to take your goals seriously.