With the joys of Christmas slowly coming to an end, it’s time to face the reality of a dwindling bank balance and the extra long stretch til pay day. With a new year on the horizon, I make it my top priority to get organised and get in control of my money (for however long it may last). Here are some ways I like to stay on top of my finances without that FOMO feeling…
Set a budget: Honestly, I feel boring and clichè writing it but it really is the very best place to start. Work out your actual income and outgoings every month and then you can see what you’ve got to play with. Once you know what you have left over, calculate how much realistically you can put into savings (it’s always good to have a backup) balanced with how much you will be spending on actually enjoying life (v important)
Shop around: I’ve never been all that good at shopping around for a bargain…when I see it, I want it and if it’s right there, the effort of searching stores and the internet for a cheaper price is all too much. This, however was in my teenage years when the money was coming in and I didn’t really have any financial commitments. Now I’m a little older, the familiar saying “saving the pennies so the pounds will save themselves” is one I often find echoing in the depths of my mind as I dive into the shops. The prices of products vary massively between stores, so it’s always worth doing a quick check online as you never know when a fab deal will suddenly appear. (Plus you get that smug feeling of saving £3 which never gets old).
Banks: They’re pretty useful. Whichever bank you’re with, they’re likely to have a few benefits you can make use of which will help you save those all important pennies. I’m a little late to the game, I’m sure, but I recently discovered the joys of cash back with my bank. They have 30 participating stores and restaurants to choose from which you load to your card. Participating companies change regularly and offer from around 3% to 15% cash back for simply using your card to pay. This is in no way a massive money maker, but seeing a few extra £££s entering your account every month (for spending money as you would normally) is always welcomed.
Food glorious food: Saving money is important but so is food. Need I say anymore? A great way of spending time with friends and family or rekindling the spark with a loved one is going out to eat, (and even better), it doesn’t need to be expensive. Always check out what deals restaurants have before you decide on where to go as you may be surprised. The best thing is, it doesn’t even mean compromising on going to a different restaurant over your fav; visiting on a weekday evening instead of a weekend can save you a whole heap of money. Oh, and don’t forget those good old lunch menu deals!
What are your top tips for saving that all important moolah? Get in touch in the comments below x