Greenlight Logo

Sep 21, 2021

How to spend smart — and make your money last

Have you ever?

  • Had a $0 spending balance days before your next allowance or payday?

  • Bought something instantly as soon as you saw it?

  • Made a purchase. Then totally regretted it later. 

You’re right there with…. Oh, everyone who’s learning to manage money on their own! Here are three things you can do to help make your money last.

You might find it hard to pass that random thing calling your name in the check-out aisle. Or feel like you absolutely *must* have the latest product release. It doesn’t mean buy today. It’s usually best to wait.

Give yourself time to think, because chances are… that urge may not be as strong later. And something you want even more may be right around the corner. Slow the “buy now” mentality by thinking about what you’d be giving up to make that purchase. That’s the opportunity cost of a tempting buy. 

If you’re making a purchase — especially a larger one  — do your research. Compare brands. Compare product features, like its specs or special qualities. Compare reviews from other buyers. And drum roll… compare prices. 

Look around at different places to buy so you can find the best bargain for the item you selected. Why do we love sales? That’s extra money right back in your pocket. Don’t forget to calculate the total cost of the item (including tax and shipping) if that applies.

A spending plan is also known as a budget. It’s how you can manage money like a pro. When you know exactly where you want your money to go, smart spending is that much easier. 

Another pro tip: Make the most of your Greenlight app. We’ve got a few ways that we can help: Spend Controls. Savings Goals. Round Ups, just to name a few.

Try today. Our treat.

After your one month trial, plans start at just $4.99/month for the whole family. Includes up to five kids.

Read how we use and collect your information by visiting our Privacy Policy.

Get the App:

Download on the App StoreGet it on Google Play

Stay in touch:

© 2021 Greenlight Financial Technology, Inc. Patents Pending. The Greenlight card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International.

© 2021 Greenlight Investment Advisors, LLC (GIA), an SEC Registered Investment Advisor provides investment advisory services to its clients. Investing involves risk and may include the loss of capital.

The reference to SEC registration does not imply that the SEC has endorsed or approved the qualifications of GIA or its respective representatives to provide any investment services described on this site or that GIA has attained a level of skill or training.