Before I begin, I just want to thank the readers for their dedication to Its Kelle’s Space. Without your comments, likes and RT’s I wouldn’t be able to share my passion for creating content with you all. I’m forever grateful, so thank you.
As we are approaching a new month, I wanted to talk about something we are all familiar with:
I’m going to talk to you about how to save your moolah! I was reading an article some time ago and someone had commented saying that they were addicted to saving money. Can you believe that? A lot of us need that same energy! (myself included). When you think about it really, saving money isn’t hard to do and it is a skill that we can all master. Here are some tips that have worked for me and appear to be working for others:
This is a word that we don’t all like to hear but in order to save and save well, one MUST budget. It is important to know where your money is going and how much of it you are spending between paydays. Something I have heard about is a digital bank called Monzo. Monzo are a digital, mobile only bank based in the U.K. They operate through a mobile app and a prepaid debit card. The bank also allows users to set a monthly budget. You can keep track of what you spend and they will also inform you when you are getting closer to your spending limit.
Another way you can budget is by using a spreadsheet. It’s your opportunity to make Excel your best friend! Spreadsheets are a great way of keeping in track of your finances as well as enhancing your skill set. There are templates you can use so don’t worry about having to make a budgeting spreadsheet from scratch!
Popping to your nearest Pret to buy one of their delicious wraps on your lunch break may seen convenient but it is also very costly. Food prepping will save you a lot of money and time. I’m not saying you should have 5 different meals for 5 days in your fridge, but try to do your food shopping at the end of the week if you can. Stock up on groceries, snacks etc. Give yourself a budget and stick to it. Also, when food shopping, try to stick to supermarkets and not smaller branches (e.g: Sainsbury’s Local or Tesco Express) as they tend to be a lot more expensive. Try your best to remember to take a shopper or a few carrier bags with you in order to save your pennies. Something I have found that works for me is cooking every other day. It will save you time. Your fridge is there for a reason, use it 😊!
Paying for necessities in advance
We all have weekly and even monthly necessities that we have to pay for. I often find that sorting them out first makes it so much easier to budget. If your journey to work involves travel, you may want to think about getting a weekly or monthly travel card. For bill and rent payers, you may decide to get a direct debit so the money comes out automatically. This makes it much easier to work out what you have left for the month. Don’t forget to examine your expenses from time to time. You may find cheaper broadband deals or maybe a different and much cheaper way to get to work. It’s the little things that do a lot.
Staying away from the shops
Do you find yourself going to the shops for one thing and then finding that you’ve bought five more things that you don’t even need? I’m sure some of you will be able to identify. A good way to combat this habit is to avoid shops altogether. Do your weekly shop for food but if you find you need other things (household items, cosmetics etc) then put some money aside once a month or every two months and buy what you need at once. Personally, I have found that when you frequently visit the high street, you will end up spending money you should be saving. I’ve worked in Marketing and I can tell you that companies develop strategies to keep you spending money through offers, incentives etc. Do your best not to fall into the arms of consumerism.
When it comes to online shopping, you may find it handy to unsubscribe from emails or send emails from certain brands you are tempted by to your spam box. That way, you aren’t inundated with temptation every hour of the day.
Stop going to clubs/parties
This is an unpopular opinion but I think going to clubs and parties on a regular basis is such a waste of money. Think about it. You go to the West End for a night out with friends. Entry is probably about £10 each, drinks are probably the same and by the time you’ve gone from club to club, you’ve spent about £100 already. Another reason why I’m not crazy about club/party life is that all attendees are doing is making the promoters or organisers rich. Why invest in someone else’s hustle when you can invest in your own?
Open a reward account
Reward accounts are a great way to save and make money too! For example, cashback current accounts reward customers who make everyday transactions. So whether you are paying household bills or making a transaction, you will get something in return. Before you commit, do use a website such as Money Supermarket to compare the best cashback current accounts as the features and benefits will change over time.
Plan your experiences
If you love to socialise, this tip is for you! Planning your experiences will save you so much time and money. Whether its a 3 course meal at a nice restaurant or a game of bowling, use websites such as Wowcher or Living Social and check out their deals. If you sign up to receive email alerts, you can get ££ off any purchase. What I like about Living Social is that if you haven’t visited the site in a while, they send you £5 vouchers which you can redeem against any purchase.
I hope you’ve all enjoyed this post and if you have any tips on saving money, then please feel free to share them in the comments section.