Being extra careful with money is on a lot of people’s minds right now. And With the current cost of living crisis everyone is trying to be a little bit more savvy when it comes to spending money, putting the heating on and even down to spending less on the food shop.
I think that I’m right when saying that money has really impacted a lot of people and their families over the past year and especially since COVID. I know it has me and many of my friends and family.
I have had a look round as my New Year’s resolution was to be better with my money and I have been looking for ways of saving money throughout the year and I would highly recommend looking at the apps that round your purchases up and puts it in a savings account. If you were to save £10 a week from just buying your usual shopping you would have £520 by the end of the year. It’s literal pennies that you don’t see disappear which is fantastic because you don’t miss it at all or really notice it’s gone out of your bank account.
I have written down all my financial goals for this year and there are so many ways for me to be able to reach my savings goals and it’s the best time to start.
Saving money is a huge part of everyone’s lives right now and some of things I’ve recently looked at cancelling any subscriptions you may have that you don’t really use anymore and pay for what you use, for example if you pay for a programme subscription every month but you’re not watching it every month pay for the months you use only you could save yourself money.
Cutting fuel costs by lift sharing or thinking, do I really need to use the car for this? Can I walk?
I am also trying to sell my old things that I haven’t used on the last 6 months, my saying is if you haven’t used it in the past 6 months, when will you? If you haven’t worn it in the past two months do you still need it? Will you miss it if it’s gone? This is a very simple way of making money especially with all the websites you can list things on now.
I know people are trying to get out of debt to try and afford the cost of living. There are many things you can try and do to try and reduce your debts without making yourself short or giving yourselves money worries.
One thing in particular that has helped me reduce debt in the past is just paying as little as £10 a month, it all adds up and you gradually chip away at it all. I know Some people live pay check to pay check but even if at the end of the month you have £5 left that’s £15 taken out of your debt in one month and it does all add up.
And one thing that I do all the time which helps me to stay savvy with my money is Setting a budget for everything and writing every little thing down also helps. If you write down your income, your outcome and what you’re left with, try and give yourself a certain amount a week, keep receipts, see what you’re spending your money on and how you can reduce your spending after looking at what you’ve spent your money on over the entirety of the month.