How to Afford What You Want Without Going Broke

We all have dreams of grand vacations, the latest gadgets, or luxury designer goods. However, with financial responsibilities looming, affording these things may feel like an impossible dream. 

The good news? You can turn those dreams into reality without going broke. Here are four practical ways to achieve what you want, while staying financially smart. 

1. Find free or low-cost alternatives 

Not everything you want requires spending money. For example, adopting a healthier lifestyle doesn’t necessarily mean a pricey gym membership or expensive sportswear. You can exercise for free by taking daily walks in your neighborhood or following workout videos online from the comfort of your pambahay clothes. 

The same applies to spending time with friends. You don’t always have to go out to enjoy each other’s company. Try hosting a movie night at home or exploring places that offer free admission, like parks and museums. 

Sometimes, what you want on the surface reflects a deeper need that can be fulfilled without breaking the bank. 

2. Do your homework 

Impulse buying can drain your finances quickly. Practicing delayed gratification and doing a little research can save you from spending too much. 

Start by looking into potential deals like anniversary sales at your favorite stores, limited time offers (like bakery discounts before closing), or company perks that give you exclusive discounts. You’d be surprised at how much you can save by patiently waiting for the right moment to strike. 

Take time to explore discounts and special offers, and you’ll find that waiting can lead to big savings.

3. Maximize your rewards points 

Your credit card can do more than just pay bills — it can reward you for your spending. Check if you’ve accumulated rewards points that can be redeemed at partner stores, giving you access to discounts on fancy meals or other purchases.

You can also sign up for a credit card that rewards your specific interests. For instance, cards tied to airlines can help you rack up miles for future travel. 

Using rewards points makes the things you want feel less like a financial burden and more like a bonus for your savvy spending habits. 

4. Use financing for big-ticket purchases 

Some items, like the latest tech or a new appliance, require a substantial investment. But rather than paying for it all at once, financing options make it easier to manage. 

With just a valid ID, you can use Salmon Financing to purchase items on installment at partner retailers. Plus, managing your payments is easy with the Salmon app, available on both iOS and Google Play. Breaking down the cost into smaller payments helps you afford what you want without breaking the bank. 

By making strategic choices, you can afford the things you want without sacrificing your financial health. Start applying these tips, and watch your dreams become reality—without the stress of going broke.