Smart Ways To Save Money
Someone used to tell me “money is a spirit”. I didn’t get it at first, but now that I earn my own money I completely understand. Oone day, you’re basking in the warmth of a credit alert, and the next you’re mentally trying to figure out where all your money went. When you think about today’s cost of living, it might seem like an almost impossible task to save money at all. However, there are very simple things you can do every day to help you spend less and, in the long run, save more money.
Some of the Best Ways to Save Money
Keep A Savings Account for Emergencies
Having emergency savings is possibly what will make the difference between you managing to stay financially stable and becoming completely broke. If you have money you’ve been putting aside for emergencies, you won’t need to resort to borrowing when you hit a financial low.
Save Automatically Through Direct Debit
You can have a standing debit order placed on an account you receive regular income through. Simply request that a certain amount of money be taken out of that account every month and transferred to another that you use for savings. This way, you don’t really have the opportunity to change your mind on the way to do it yourself. Piggybank.ng is a great example of this type of service.
Have A Money Date Every Week
Pick a day of the week you use to balance your books. Make it a ritual to go over your accounts every week to plan your budget, see how much you’ve spent, and how much you’ve saved. The best way to save money is to spend time understanding it.
Plan Your Meals More Effectively
Take the tie to go grocery shopping on weekends and cook for the week. You’ll save money that you would usually spend eating out or buying food from the office bukka. Also, instead of meeting people at fancy restaurants for dinner dates, invite friends over for a potluck. Everyone brings their own food and it’s a richer experience in more ways than one.
Learn DIY Solutions
When you think about it, some things are really a luxury. Yes, it’s nice to have spa days and go out for manicures and beauty treatments. However, we should only allocate a certain amount of money to these things. The same applies for things like hiring carpenters to make something. There are millions of DIY tips you can learn online that will allow you to do a number of these things we go out or employ people to do ourselves.
Stop Trying to Keep Up With Someone Else’s Lifestyle
Of course, it’s hard to save money when you are trying to live off of someone else’s budget. Sweethearts, face your front. Stop comparing your financials to other people’s own, especially if they are very noticeably richer than you. Instead of spending money you don’t have to impress people who don’t care, decide what is important to you and build a financial plan that workss with your vision.
Track Your Progress
Don’t just be putting away money and hoping it’s piling up. Always keep track of ho =w much you’ve saved so you know how much closer you are to your goals. Yyes, cnstantly checking on the money will make you a little tempted to dip into it. But, at the same time, it reminds you you are making progress. For me, this is a lot of encouragement.