The Key Principle

The key is to save small amounts over relatively long periods of time so that you can then buy the things you want without any guilt or worry. 

Computers and phones, for example, are two staple items that most of us tend to buy regularly. That means we can plan for it.

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How to Afford Anything You Want

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Figuring Out How Much You Need to Save

If you want to buy anything, you first need to know how much it’ll cost. Most stuff will have a fixed price, but some things may fluctuate in price. If that’s the case, figure out a ballpark range for whatever it is you’re trying to buy.

At best, you’ll have exactly what you need when the time comes. At worst, you’ll come up a little bit short, which still makes your purchase easier.

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Figure Out How Long You Have to Save

The best way to think about this step is to figure out when you’ll need to make your purchase, then divide that time period into months or weeks.

For example: If you tend to spend about $1,000 on a new phone every two years. If you do the math, you’ll find that to save $1,000 in two years; you’ll need to save approximately $41 per month.

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Automate Your Savings

Once you set up your savings goals, chances are, you won’t even notice the money getting pulled from your checking account on a weekly or monthly basis. 

You just need to do the hard part of setting up your automated savings.

To do this, you'll want to use an app or bank account that allows you to create a sub-savings account specifically for your goal. You’ll then automate weekly or monthly transfers into that account. 

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Buy Whatever You Want

After completing the above three steps, the day will come when you can buy the thing you want, completely guilt-free!

There’s another added advantage with saving for the things you want to buy. Sometimes, you’ll find that the thing you thought you wanted so badly isn’t something you care about very much.

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Kevin HA

"Having to spend money all at once can be painful. But paying yourself, little by little, helps to ease that"

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