How to Save Money Looking Like You Are Rich

Most of us want to look fancy and wear designer clothes but also to save a little money on the side. Unfortunately, this is not always possible and we have to figure out the ways to save money while looking like we are rich. In this article, we will show you 7 ways to do this successfully.

Now, an essence of our post is not to tell you how to make a wrong impression about yourself. On the contrary, our goal is to explain to you how not to look like a skinflint without wasting too much money on your image. Keep reading and you’ll see how is this possible.

7 Tips to Look Exclusive While Saving Money

According to personal finance experts at Aussie Writings, saving money but leaving an impression of a rich person is not possible without a good strategy. The strategy can consist of numerous elements but there are 7 methods that produce the best results in most cases. We will check out these elements here:

• Know how to buy on sales

Modern businesses are extremely competitive and they always try to attract buyers with all sorts of promotional activities. You should exploit this situation and obtain deeper knowledge about the industry – how it works and where to buy high-quality products at low-budget prices. There are lots of discounts and coupons that you can use almost on a daily basis, which is the easiest way to save money. Just be patient and clever and you will soon feel financial benefits.

• Less is more

Wealthy persons are not always extravagant. On the contrary, they are usually reserved and stick to the minimalistic way of living. You should accept such mindset and learn that less is more if you know what you really need. A study revealed that an average American throws away about 65 pounds of clothing per year, which is the best proof that you don’t need to possess so much stuff to look rich.

• Dress tidily and know your style

Not only that you don’t need too many clothes to look rich but you also don’t need to buy a too expensive wardrobe. Designer clothes are alright but you can make a great effect without it as well. You should dress tidily and know your own style instead. Building your unique style, you will always look classy. No one can say that you look poor or cheap, while you’ll get the opportunity to accumulate the money you didn’t spend on fancy wardrobe.

• Buy the necessities only

According to the recent research, rich people don’t have bad spending habits common to poor and middle-class people.Wealthy persons don’t make emotional or spontaneous purchases. They always think twice about the things they want to buy and you should accept this way of thinking, too. If you won’t use it, don’t buy it. If you don’t really need it, don’t buy. The logic is simple but super-productive if you want to save your money.

• Reward yourself from time to time

Although you would like to save as much as possible, you should give yourself an occasional reward. You can spend a little more than usual from time to time to reduce the pressure of the never-ending money-saving regime. It can be a special dinner with your friends or long-awaited concert. Things like this are alright as long as you don’t repeat it too often.

• Don’t be afraid of rich places

Everybody knows where wealthy people hang out. It’s just one of many ways to differentiate themselves from financially less potent people. But you should not be afraid of visiting these places. Feel free to go to fancy clubs and restaurants if you want to be recognized as one of them. The only thing you should keep in mind is to take less expensive orders. For example, a cocktail or an Oriental salad looks fancy but it doesn’t cost too much.

• Mind the attitude

Rich individuals don’t stand out from the crowd simply by having more money. They also have a special kind of attitude that makes them feel and look untouchable. You should embrace this sort of behavior and act as if you were special. After all, we all are in a way. The best thing about this method is that it’s cost-free but highly efficient. In the end, you can always try small business ideas with low investment to get some extra money.

Conclusion

Being a rich person is rather easy but the true skill is to look rich while still saving money on the side. Although it seems impossible for most of you out there, we showed 7 practical ways to succeed in this process. Give our suggestions a try and don’t hesitate to let us know in comments if you need additional explanations about any one of these tips.

About author: Olivia is an incurable optimist who always sees the glass as half-full. She likes nature, knows how to enjoy silence and is keen on writing for different websites. Meet her on Facebook and Twitter.

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The author has no position in any of the stocks mentioned. Financhill has a disclosure policy. This post may contain affiliate links or links from our sponsors.