Money is a subject that is often a taboo, but the reality of the situation is that it’s something that we all need to think about and effectively manage. Over the past few years, I’ve really concentrated on making my cash go further. Here are some important lessons that I learned along the way…
Always create a budget
If you don’t have a budget, then you’ll never be able to get a firm grasp on your finances. It’s really important that you sit down and familiarise yourself with your expenses, and if necessary, make cutbacks in certain areas.
This will help to ensure that you’re spending money wisely, and that you’re making conscious and informed decisions. There are tons of quality resources out there to help you to create a budget, and apps like Meerkat Meals will get you more for your money when eating out.
Before making a purchase, stop and think
So many of us make buying decisions completely on autopilot. We grab a coffee on the way to work, we pick up a magazine to read on the train, and we buy the premium brands in the supermarket purely because it’s what we’ve always done.
Emotional spending can also be a real problem, and see us parting with our hard-earned money for all the wrong reasons. To break this cycle, make it your mission to be more more aware of your habits and decisions.
Get help when you need it
Sometimes, there’s quite simply too much month at the end of our money. If you’ve got a special occasion on the horizon, or you’ve simply had some unexpected expenses recently, then you might be feeling a little worried about how you’ll make ends meet.
In these situations, it’s important to plan ahead and be proactive. For example, you might want to consider taking out a loan with Cash Lady. This will put your mind at ease and give you back control.
Discover the joy of buying second hand
Fast fashion has been covered extensively in the press recently, and more of us are realising the impact that our buying decisions are having on the planet. If you want to become more responsible for the environment and also save some money, think about buying second hand.
You can find some real gems in charity shops and at car boot sales, and it can also be a load of fun! If you have unloved items hanging around, consider selling them on marketplace sites such as eBay.
Many people consider talking about money to be boring, but in actual fact, it’s completely essential if you want to live your best life. By taking the advice that I’ve outlined here, you can regain control over your finances and make sure that you’re getting the most out of your money.
How do you make your cash go further? What lessons and hacks have you discovered along the way? I’d love to hear your thoughts, so leave a comment below!