I’ve done a couple of posts on personal finance already, and, with Christmas coming up (sorry but it is!) I wanted to share a few more tips of how you can save money every day.
Money is such a stress on all of us, so I try to do what I can to make money less of a stress and less in control of how I live my life. There are lots of little things you can do to spend less and keep in control of your finances as, after all…every little helps!
- At the end of the month do a little audit on what you spent your money on. You might realise you spent £70 on coffees or magazines and it’ll really help identify areas where you overspend.
- If you have a craving to do some online shopping but don’t have the cash – try creating an Amazon wishlist of all the things you want to buy. This really helps me a lot! I love making a huge wishlist of all the cosmetics I want to buy over the coming months. It helps curb that shopping craving and you don’t need to spend anything to do it.
- Take a packed lunch to work. It’s insane how much money you’ll save. Plus, it’s much healthier than eating out every lunch time!
- If you do happen to have money left over at the end of the month, pop it into your savings account. You don’t *have* to spend everything in your account every month.
- Don’t spend more money than you have – ever. Once you get stuck in the spiral of credit cards and overdrafts it can take a long time to get out of it. Know what your income is and don’t overspend. If you want to splash out on a designer bag, that’s great – but pay for it up front with money you’ve saved.
- Sleep on big purchases. So, you fancy an iPhone 6? That’s great, but take a couple of days to figure out if you really want to spend that much money on it. If you do, go right ahead, but you might find yourself content with your older model when you take into account how many weeks of disposable income you’ll be giving up.
- Stock up on essentials when there’s a deal. If you’ve got a favourite toothpaste or deodorant buy a couple whenever there’s a special offer on. It’s nice to have a couple of back ups in your cupboard and I often spot ‘buy one get one free’ offers on toiletries in supermarkets.
- Do you really need that gym membership? If you use it, great, but if you don’t why not look at a cheaper alternative? Yoga, zumba, aerobics etc can all be done from the comfort of your home by streaming fitness videos on YouTube. Add in a few weights (use big bottles of water, if you want to save even more money) and you’ve got yourself a totally free workout.
- Check online before making a big purchase. Looking for a new TV? Chances are you’ll find a much cheaper deal from an online retailer than buying in-store.
So what do you think? Do you use any of the above tips to save money? Let me know, what’s your best money-saving tip?