If you want to truly live your best life, then it’s so important that you prioritise your finances. Though many of us feel uncomfortable talking about money, there’s no denying that it’s something that can have an impact on every single element of our lifestyles. As such, it’s essential that we have some good money skills and habits in our personal toolkits.
Let’s take a look at some practical things you can do to save money…
Always make a budget
Are you habit of going from one month to the next without ever really knowing what you’re spending, and where your money is going? Do you sometimes check your bank balance and give yourself a real shock when you find that you have hardly any cash left in your account? So many people do this, so you’re not alone!
Budgeting doesn’t mean that you have to miss out. With some savvy tools in your kit, like Raise to help you find coupons and codes for when you’re shopping online with some of the most well-known retailers out there, you can make your money go much further.
Making a monthly budget can give you back your control, and also ensure that you’re spending your cash on things that are actually important to you. This approach will also help you to make plans when something goes wrong, or you have an unexpected expense such as replacing the windows in your home. Such occasions will pop up, and it’s vital to have a back-up plan in mind. In this instance, for example, you might decide to take out a loan with cash lady.
Never feel uncomfortable saying no
Days and nights out with friends can end up being expensive, and though they’re often enjoyable and fun, they’re not always the best option for living your best life. Stop and consider whether you accept invitations sometimes just for the sake of it, and whether your money would be best spend elsewhere.
In practical terms, this might mean that you say no more often. It could also mean that you propose alternatives to your friends and family that will be more friendly on your purse strings. Instead of an expensive night out, you could suggest that you all get together at someone’s home and bring along snacks and nibbles. If you do need to spend some money, you might want to consider an Old Navy card to help you to make ends meet.
Do some admin on your monthly spending
Do you have subscriptions that you no longer use? Have you stuck with same energy suppliers for years, simply because it seems more convenient? Going through your monthly expenses with a fine toothed comb can be eye opening, and it’s highly likely that you’ll see opportunities for instant savings. For more advice, check out the guide from The Simple Dollar.
This is a task that might seem boring, but it can put a really decent amount of cash back in your hands and have a positive impact on your life. Why not make some time today to get started? I’d love to hear about your progress, and the savings that you manage to make!
Saving money can be liberating and really exciting. It could ensure that you can afford that holiday that you’ve always dreamed of, or simply provide you with more freedom and less worry on a day to day basis. As you can see, it can also be much less daunting that you might initially imagine!
What are your best tips and advice for saving money? How do you make your cash go further? Leave a comment below and share your thoughts.