More than 50% of consumers plan on spending more post-pandemic to spoil themselves! If you’re one of them, you can treat yourself – but here are some safe spending habits to keep in mind as the world opens back up.
#1: Always expect the unexpected.
If living in a world-wide state of emergency has taught us anything, it’s that you never know when you’ll have to rely solely on your savings. So make sure to put away as much as you can.
#2: Reconsider your long-term needs.
The pandemic might’ve caused you to reduce paying off debts or how much you’re contributing to your 401k. Make sure you consider your retirement and debt payments when you’re recalculating your post-COVID budget.
#3: Watch those price tags.
Inflation is causing prices to rise, but don’t worry! Use a price-comparison app like RedLaser or ShopSavvy to help find low-price products. Your wallet will thank you.
Even when we’re coming out of a terrible, traumatic period, we have to practice safe spending habits if we want to achieve financial liberation and avoid serious financial troubles. Treat yourself – but in moderation!