4 easy ways to save money. Are you looking to save money? Are you feeling overwhelmed by all those budgeting strategies out there? Well, you are not alone, it is sometimes hard to start, so it might be a good idea to start at a personal level meaning try to change a little your way of spending, and be a bit mindful of your finances.
So here are four simple proven tips that work, and show results.
1 – DO THINGS YOURSELF
One obvious tip to start saving money is to start doing as many things as you can by yourself. For example, make your coffee at home to take with you, that will save you a few pounds a day, and a lot of money in a month.
If you like to take care of your body, you can try to do it yourself through some of the beauty regimens such as manicures, and pampering yourself; there are a lot of resources out there to help do so.
Another tip is to cut off takeaway consumption and start cooking. That will definitely save you some money too. And you will be eating more healthily.
2 – CHECK YOUR BANK STATEMENTS REGULARLY
This tip might not make you save money directly, but it’ll help you to keep an eye on what went in and out of your account. So it is a good idea to go through your bank account regularly. Sometimes seeing your expenditures could be a wake-up call.
You can see where your money is going; you can see why you do have the savings you want. It can motivate you to take action.
Going through your bank account can help you to detect some direct debit you forgot to cancel, and some charges you do not recognize. Therefore you can challenge.
3 – STOP IMPULSE PURCHASES
Another great tip is to stop impulse purchases. Sometimes people buy things that they do not need or will not use; they buy these things because there are on-trend or on sale. A good tip to stop impulse purchases is not to buy on the same day. If you are shopping online, you can put the item in your basket, give yourself a couple of days to think about it, 24 to 72 hours, or more if needed.
If after this thinking time, you still want the item, go ahead and conclude the sale. Most of the time, you might find at the end that you are no longer interested.
4 – USED UP WHAT YOU ALREADY HAVE
Another useful tip is to make sure to use up what you already have before purchasing new ones. For example, check your cupboards, your fridge and freezer, and use any remaining food items before buying fresh food. Otherwise, they will go to waste or make it become clutter.
The same goes for clothing. Do you need ten pairs of jeans? 20 pairs of trainers? Exactly, you don’t.
So make good use of what you have and save money.
Trust you find those tips helpful, useful and informative. If you have some advice you would like to share, please do so. Leave a comment below.
