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It’s not your salary that makes you rich, it’s your spending habits. – Charles A. Jaffe

That guy has a point. What we earn is one thing; how we spend it is an entirely different thing.

This year seems to be the year that everyone is either having a vision and reinforcing their 2019 resolutions or announcing that New year resolutions don’t work for them and gathering others to join their club. Either way, healthy finances is at the top of everyone’s list for 2020.

The easiest way to have healthy finances is to budget properly and prioritize saving. I can hear someone say, “Easy for you to say.” This is why this article is going to teach you, in simple, practical steps, one of the ways that you can save money.

Are you ready for this? Here you go: buy ahead and save big.

What Do You Mean, Buy Ahead?

That means exactly what it means: buying ahead. People usually equate this to buying plane tickets or game tickets early, but it also applies to just about anything that can be bought and kept before its season comes around. This could be clothes, shoes, foodstuffs, equipment, et cetera.

Why Should You Buy Ahead, and How Does It Help You Save Big?

There are several compelling reasons why you should buy ahead, and how this will help you save big time. Reasons such as,

  • It’s Cheaper – Everyone knows that buying plane tickets months before your travel date is cheaper than buying those tickets a month to the date. The same goes for other consumer goods. Imagine buying winter gear in the summer, or, if you’re in Nigeria, buying yams when they are in season. It guarantees you to have a better deal when you buy ahead and save extra money to boot.
  • You Can Afford to Do So – Look, sometimes it’s better to be that early bird who gets the fattest worms, especially when you can afford to get up early (huh?). The point is, imagine that you got some extra money from a side job or from working overtime, or as a gift. Money that you didn’t expect. And you have taken care of all immediate wants and needs. You can afford to buy ahead and save big.
  • Scarcity and Hiked Prices – In Nigeria, poultry farmers make a killing during the Christmas period. Why? Chickens. Almost everyone and their brother fries roasts or broils chickens for Christmas. So almost everyone and their brother buy the chickens in September or October, and feeds them till December, saving themselves money and stress. Because in December, chickens will be on the expensive side AND they’ll be scarce.
  • Variety – You might actually get a variety of options to choose from now, all of which would be quite cheap and save you a penny, or kobo. When crunch time comes, you will be forced to buy what is available, if you like it, and pay an exorbitant amount for it.
  • When You Buy Ahead, You Save, and You Have More Buying Power – Imagine that you’re saving for a car, or for rent, or for a trip. By buying ahead, you have saved extra, and when you break the piggy bank or savings box or go to the bank, you see that you have more. Which means that you can do more. Who doesn’t want that?

Simple, right? Start making the right financial decisions now: buy ahead whenever possible, and save big while you’re at it.

Disclaimer: The information in this article is not intended to encourage any lifestyle changes without careful consideration and consultation with a qualified professional. This article is for reference purposes only, is generic in nature, is not intended as individual advice and is not financial or legal advice.

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