Like it or not, to make it in this life you need to be able to handle your money. It’s not the be all and end all, but having financial stability can take mountains of pressure off you and give you one less thing to worry about. The peace of mind that comes from having your bills in check is priceless, and watching your savings grow is exciting and can open up many doors of opportunity that were closed in the past – including lots more travel.
Check out these 4 money saving tips to get you started on your path to a brighter, more secure future or the next big holiday overseas.
1. Use Cash
Sit down and make a budget. Once you have allocated money to pay your weekly expenses and put away your savings, take your play money out in cash. Physically paying with real notes and coins makes the whole spending process seem more real, and you will be less likely to fritter away your hard earned money if you can watch it disappear.
2. Consolidate Your Loans
Talk to the bank. Instead of juggling many different payments, get them to consolidate your credit card, car payment and any other higher purchases into one monthly payment. Balance transfer credit card can save money as banks often offer 6 months interest free type schemes if you merge your loans and save you money.
3. Drink Instant
We all love a latte from our favourate café in the morning, maybe another one on your lunch break. These can snowball quickly, and at roughly $5 for a medium coffee these days, one a day is leaving you $25 down at the end of the week. That’s around $1200 over a working year. Plus think of the damage to the environment from all those takeaway mochas. Grab yourself a reusable mug and make them at home.
4. Exercise at home.
Along with eating a balanced diet and sleeping well, exercising is the best way to keep your body running how it’s supposed to, and will help avoid costly medical bills later on. You can also save on costly gym memberships and personal trainers by doing it at home. Youtube is full of different at home fitness routines, or if you like the outdoors get down to the local track or park. Get creative, the world is your playground. Save money on your gym fees and put it aside for your next holiday.
These tips are easy, pain free and you can start right now! Life is for enjoying, not stressing over finances. So get smart and your bank balance will be growing before you know it.
“I’d like to live as a poor man with lots of money.”- Pablo Picasso
These are my top 4 money saving tips that will stretch your money further. What are your favourite money saving tips? Leave your tips in the comments below.
