For a lot of people, saving money is a top priority when it comes to setting those new years resolutions. We are always looking for ways to spend less on the things we have to and save towards future goals we might have. So far this month, I have helped you to organise your home and your life. For some of you, you might have been able to earn some extra money through selling those things you no longer want. Today I want to share with you 6 tips to help you save more money this year.
A lot of apps such as Netflix allow you to share with family, so make sure you take up this offer where possible. Having one billing account and splitting the cost each month can save you so much money. Likewise, if you are ordering from somewhere but don’t want to pay a high delivery charge, see if any of your family and friends want anything. It might only be a small amount you are saving, but it will all add up throughout the year.
Create A Wishlist
This is something that I started doing last year and it has made such a different. Websites such as Amazon allow you to create a wishlist, whilst for others you might just have to create a note on your phone. The idea is that you add the things you are thinking of purchasing to your list and leave it until the end of the month. Then, before purchasing, take another look at your wishlist and see if you still want all of the items on there. The chances are, there will be a couple that you have changed your mind about and so are saving money.
Once you have created your wishlist, you could then share it with people who ask you what you would like for your birthday. This way, you are getting gifts that you actually want and would make use of, whilst saving money at the same time. If an item is too expensive for one person to buy, you could instead ask for money towards it, so that you only have a fraction of the price to pay yourself.
Track Your Spending
One of the most important things you need to do when trying to save money is to look at where your money actually goes. Tracking your spending can help you to create a budget that is easy to stick to. It will also highlight where you are splurging and how you can rein it in.
Plan Your Meals
You have probably all heard of meal planning at some point but that is because it works. Knowing what meals you will be having for the week and what ingredients you will need will save you so much money. It also saves a lot of waste too. I try to pick up ingredients that I know I can add to several meals throughout the week. For example, mince meat and vegetables could give me a stew, a cottage pie and spag bowl all in one week.
Create A Savings Mood Board
Once you have created a savings goal, try to visualise it. If its a new house or that luxurious holiday, print off some photos and stick them somewhere you will see them. When we are living in the moment, we can sometimes forget the bigger picture. Creating a mood board will help you to keep focused and you’ll be surprised at how much you can save.
I hope you have found these tips useful. So many people are struggling with their finances at the moment, my heart really goes out to you. This pandemic has definitely taught us that you just never know what is around the corner and so having a little bit of money saved can never be a bad thing. If you have any tips you’d like to add, leave them in the comments below.