They say money can’t buy you happiness. But, you might as well cry inside a house rather than on the road. Most people live in a delusion when it comes to the idea of money. They spend too much and wonder why they’re poor. If you don’t save enough to live up to your dreams, you’re certainly going to have to suffer.

“Money isn’t the most important thing in life, but it’s reasonably close to Oxygen on the ‘gotta have it’ scale,” expressed Zig Ziglar, the famous American author, and motivational speaker.

Though managing money is an essential life skill, it is not taught in schools. So, we’ve got to learn the theories and tricks as we handle them and use them. Here are 12 tips the rich follow to save money. Follow them and see how the numbers in your account grow. Remember, it takes patience and time. The effort and self-control will be worth the result definitely.

The 24-Hour Rule

Being humans is really difficult. We easily get caught up with the appearance of things and take hasty decisions. It’s not very healthy. Today, almost everything we desire and need, require a cost on our part. Wanting something is not an excuse. It should be a necessity. Therefore, instant decisions should aren’t that good. We should always think twice about what we’re spending money on.

This is called the 24-hour rule and the rich abides by it all the time. They take nearly a day to decide whether something is just one of your trivial wants or something that you really need. Even though they have the money to buy it, they still consider the options, whether to save it or waste it.

Avoid Debt By Using More Cash

People prefer credit cards as they are easy to carry and less in number. But you have to remember, every time you use a credit card, you’re robbing your future self. It’s wise to use cash instead of credit cards to pay for small purchases. The rich always keep some cash with them to avoid debt as much as possible.

Stick To Your Budget

Budgeting is a great way to pre-determine where to spend your money. This is way better than wondering where your money went afterward. Don’t just make a budget just for the sake of it. Stick to it and financial freedom will be just ahead. The 50/30/20 rule is a great way to budget your money; 50% on essentials, 30% for shopping, hobbies, etc, and send the remaining straight to your savings account.

Spend On Necessities

Being overly prudent and saving too much will only make your life miserable. The smart way is to not waste money on unnecessary things. Invest in work outfits, a better laptop, or a convenient car.

 Invest To Save Your Time

Sometimes people get caught up with trivial home repairs or looking after kids that consume a lot of effort and time. Time is just as precious as money. So, to save time, focus on investing rather than spending it.