The Budget-Wise Man – 12 Ways to Handle your Finances Better

Money, power and respect, all of these things go hand in hand. Money is a great tool in life if you know how to use it. If you let it control you instead of the other way around, your life will quickly plummet into a downward spiral.

Some people believe “money is the root of all evil.” In my opinion, only people are to blame for evil. If they are mentally weak and money controls them, so be it. It’s their fault for missing the point of life.


​Here are 12 actionable tips you can start using today to help save money and use your funds more efficiently to enhance your lifestyle.

That said, if used properly, money is a great friend. It can take you places you’ve never been and reward you for your hard work. The most important part is knowing how to use it. A lot of people waste their money the same way they flush used toilet paper down the toilet.

​You know that friend you have who always says he’s broke and can’t go on a vacation, yet he is out at the bar every weekend blowing money. On top of that, he complains about the quality of women he’s meeting. No shit, bar girls are some of the lowest quality women on the planet. I’d rather pick up a girl in the library any day of the week.

​12 Ways to Handle Your Finances Better

Leave Your Cash and Cards at Home

budget-wise man

Firstly, there’s no reason to stuff your wallet full of cash before you go out to the bar or bring all your credit cards.

This is a recipe for disaster from the get go. Instead, bring the maximum amount of money you want to spend and maybe 1-2 cards in case of emergency.

It’s better to cut yourself off at the bar than run through all your hard earned cash in a matter of hours.​

Do Some Proper Research on Major Purchases

budget wise man

Before you make any major purchases, do some research first.

Make sure you are getting the best deal and the best product. More importantly, make sure you can afford the purchase.

It’s better to cut yourself off at the bar than run through all your hard earned cash in a matter of hours.​

Become a Bargaining Boss

budget wise man

If you travel like I do, bargaining is king. Assume everyone wants to rip you off in this world. That’s just the way the world works.

Almost every price can be haggled down a few notches. Once you get good at bargaining, you'll realize how fun it is!

Rationalize on Being Materialistic

If materials make you happier than anything else in your life, it’s time to make some major changes.

You don’t want to start looking like Johnny Depp and have more accessories showing than visible skin.

Pick and choose the things you really need in life. For example, if you work online, buy yourself a nice computer. If you’re a real estate agent, go out and get a nice suit and fancy shoes.

The point is don’t waste your money on unnecessary items. This leads to the next point.

Stop Investing on Things that Won't Pay You Back

budget wise man

This is a continuation from the last point. Look at each of your purchases as an investment. There’s a lot of money to be made reviewing products

If you buy a popular item, make your own review; it could pay you back for the price of the item.

​Additionally, don’t skimp on tools for success. If you only need to pay $10-30 more for something that will provide significantly more value, don’t skimp!

Always keep in mind how much something can pay you back when making an investment. Don’t blow a bunch of money at the bar and get repaid with a hangover!

Quality Over Quantity in Your Closet

budget-wise man

One of the best tips a guy ever gave me was, “All you need is one nice suit.”

Put yourself into this situation. You have a $1,000 budget to buy some dress clothes. Now, you can either buy 3 suits for $300 each or 1 suit for $1,000. Which scenario do you think is a better choice?

For me, it’s obvious. Give me the $1,000 suit because I want to look better than any other guy in the room. The best part is you don’t need to be filthy rich to afford it.

Big Bar Tabs Equals Big Hangover

budget wise man

I know this was previously mentioned, but I can’t stress enough how much big bar tabs will destroy your finances.

I know a lot of guys who don’t make much money at all, yet they waste upwards of a $1,000 a month at the bar. Imagine even cutting that cost in half and having an extra $6,000 per year.

There’s a lot of a person can do with $6,000. You can easily start a successful business with that amount of coin.

Nix Extravagant First Dates

budget-wise man

A first date with a girl should never be extravagant. Any girl who wants you to wine and dine her before getting to know each other is an immediate red flag.

You’ll only empower her and make her think she can walk all over you. Instead, plan a simple date for a coffee or beer.

This way you can bail if the date goes sour without wasting much doe.

Donate to a Good Cause

budget-wise man

No matter how much money you make, it’s important to make some charitable donations every year.

It’s good for the soul and makes you realize how a small amount of money can be a big help for others in rough situations.

Start a Weekly Saving Goal

budget-wise man

Setting goals is one of the most important parts of creating a healthy financial situation.

After college, I made good money working in the construction field. My goal was to put away at least $1,000 a month. I also taught myself to invest in stocks at the same time. It was one of the best decisions I ever made.

It doesn’t matter if your goal is smaller, the money will undoubtedly add up over time.

Make a Descending List of Priorities

budget-wise man

Get your priorities straight! Make a list of things you spend money on every month. See how they add up.

This is the best way to get a perspective of your spending habits. Then prioritize the items with the most important items at the top.

You will then have a clear view of where you can cut costs to save some extra money.

Work Your Ass Off!

budget wise man

The last thing you need to do is work your ass off. If you’re not where you want to be in life, don’t stop brainstorming and working until you get there. Sure, there will be a lot of doubt along the way, but that is part of the process.

Earlier this month, my computer broke, and I couldn’t work for awhile. I ended up drinking beer, meeting girls and watching a lot of movies.

I kept telling myself, “Yeah, I’ll work hard again once my computer is fixed.” It ended up being a lot harder than I thought. My brain got used to being lazy.

Once I got back to work, I had to constantly break through mental obstacles to get my work done. It was almost like I needed to retrain my brain.​

The Bottom Line

If you follow these steps and start working hard, it’s impossible not to achieve financial success.

Of course, the road will not be easy, but nothing quality in life comes easy. Once you train your mind for success, you can turn yourself into a machine ready to take on any challenge.

Terrence Kennedy

Written by Terrence Kennedy

Terrence Kennedy is the man’s man on a journey to self-discovery. A traveler, extreme sports aficionado, an observant wanderer, a DIY-Know-How, an ultimate outsider and a documentarist of culture, sex, dating, relationship, fashion, style and gentleman's etiquette. He has learned a lot through his escapades, and is happy to pass that knowledge on to you.

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