Q&A for How to Spend Money Wisely

To prune means to trim, to reduce. If your hobby is photography, you could try and find ways to spend less money on it, such as buying a secondhand camera, rather than to abandon your hobby altogether. It means you don't have to quit any of your hobbies, just find ways so they cost less money.

Yes, read the reviews. They're tedious but that's the point. The reviews help you figure out if the item is worth your time and money; and the time it takes to read them helps to prevent a split-second impulse buy.

Work out what disposable money you have that you can spend before you shop. Treat yourself, but try not to overspend.

Make a budget and stick to it. Save money by buying secondhand items, cooking at home instead of eating out and pursuing free opportunities for entertainment instead of spending money on movies or concerts.

One way of putting it is, "Money doesn't make you happy, but it's more comfortable crying in a Mercedes than on a bicycle." I.e., to have enough money to lead a comfortable life is just one of life's goals. To be happy, think of every single activity you've ever done in your life, and ask yourself if it made you feel good. Then, do more of those that made you feel good. Alternatively, one of the best things in life is that we can choose what to do with it. Dream, and dream big, then find a way to get there. Working every day towards that dream is wherein happiness lies.

Keep saving until you have enough to invest in a savings bond, a certificate of deposit ("CD"), or a mutual fund (such as an "index" fund). See wikiHow's many articles on these subjects.

Yes, of course. Once your expenses are met (and it's good to have a little set aside for emergencies), you can spend your money on anything you like. Life is meant to be lived. Enjoy it now.

Budget the expenses you do unknowingly. Set everything else aside so you can't touch it when you're spending, and accept that sometimes you just like to spend money. But budget that money. If you have house payments, for example, set that money aside. That way, you can't spend it unknowingly. Give yourself a monthly amount you can spend without caring.

Rabbits are not expensive to maintain. Once you've provided some shelter for them, just give them water and some grass, weeds, or uncooked vegetables to eat. They might not cost you anything at all to keep.

Go prepaid on your phone, cook at home and go out to eat as little as possible. Also shop around for the best prices on groceries. Don't buy new clothes, choose ones from thrift stores. Never buy drinks or snacks when out, these are expensive and add up quickly, all money you could be putting in the bank instead. Put all birthday and other special occasion gift money straight into the bank.

Barter means trade. The barter system involves trading goods or services for other goods or services. Money is not the basis of exchange in this system.

Start by keeping track of all your purchases for one month. Every time you purchase anything, from a Starbucks coffee to a new household item, write down the purchase and how much it cost. At the end of the month, review this list. Ask yourself questions like, "Do I really need to spend $15 every morning for coffee or can I look into making it myself?" or, "Do I really need to pay for cable when I usually use Netflix instead anyway?". Once you realize just how much you are spending on things, then you can start saving a whole lot of money by cutting back on excess costs.

A simple way to cut back on meal costs is to eat home-cooked meals instead of going out. First, calculate how much you spend on meals per week. Then, challenge yourself to not eat out for one week. Compare how much money you spent on meals each week, and then ask yourself if eating out is worth that much extra cash.