So, I’m no financial adviser or anything like that, so this post isn’t going to be from an experts point of view, but I do however have some tricks that I have been taught by my family members on ways to save your money.
Listen, in this case, a little really does go a long way, but first you need to understand your budget, and know how much you can save without running yourself dry every month, and also knowing how much you can play with, and how much you have to learn to put away. Monthly. Not negotiable.
I was BAD at this. Ok, let me not lie, I’m still not TOO great at it! However, I have improved. I have that kind of father that sat me down and created a “budget” plan with me, and ever since, I’ve TRIED to stick to it, but it was very difficult. It still is on some days.
There are certain things that you can do to head start and enhance your saving abilities, but head me on this, its a HARD road, but you can thank yourself for saving in the end. No matter WHAT it is that you want to save for, have a goal and objective in mind as to how you’re going to achieve this.
Assess your budget- Especially your Expenses
You need to know how much money you are parting with every month, that is going to your expenses. Your car petrol, toiletries, rent, every single amount you spend on a coffee, lunch, nights out, and group these things into categories. From there, have a total amount to each.
Make a Savings Plan
Know that you want to save, and go ahead and make a plan as to how you are going to start, what you want to save for, how long of a period will you take, and how much you want to put away.
Make a Budget
Now that you know how much you are spending and how much you are earning, tabulate and make a budget plan so that you KNOW precisely how much money is going out, and how much is coming in. Ensure you include all the income you receive monthly (salary, extra forms of income (maybe you are a landlord, or running other businesses on the side), and list all the REGULAR expenses that come out every month (car installments, cellphone bill). In this way, you know how much money you left every month after expenses deductions and you know how much you can put away to save towards whatever it is you may be saving towards.
Then SAVE! Be stringent on yourself when it comes to this. It may not be easy, because some months are harder than others, and unexpected expenses always creep up. In that case, take it easy on yourself. For the most part however, challenge yourself to put the money away and not touch it for a month.
There are SO many ways in which you can save money:
– Cut down on the amount of TIMES you go out every month, instead of going out every weekend, you can go out twice a month and save the other money
– MAKE A SHOPPING LIST. Here me out here ladies, often, we go shopping and we just put anything and everything into our shopping cart, and when we get home we realise that we don’t need it , and use the specials and points you can accumulate to save money from your grocery store. Like Pick N Pay with “Smart Shopper”.
– Learn to say “NO” to yourself. Look at that item you want to buy. Do you need it, or do you WANT it.Do you need 5 drinks or only want 1? Saying no a few times, can help you put more money away then you expected.
– Declutter and instead of throwing away things you don’t use anymore, see if you can sell them. You can sell ANYTHING these days, there’s Gumtree, and OLX for this kind of thing. Not only does it benefit you, but gives you extra money you can put away.
– Expensive habits must be monitored and cut down on! Makeup- this is EXPENSIVE. Skincare- THIS IS EXPENSIVE. Buy only when you need to, only and absolutely when necessary. Makeup, find a “dupe” that looks like the real thing, but costs less. Every now and then you can splurge but not always.
Think about it!
It is NEVER easy to save money, in fact its more fun to spend it! However how with this help you in the long run? Its best you start now, rather than later. 🙂
Worth a try!
Until the next one
Live in Light and Love ❤