Whether you have something in mind you want to save for, or you simply want to curb your spending – the following tips are quick and easy ways to save more money today:
Choose you bank wisely – Do your research before settling with a bank to see which bank/account is best for your spending habits and saving needs.
Save a percentage of your wages – Set up a direct debit so you can save a certain amount of your paycheque every month, this should help to reduce the temptation to spend it all on Friday night drinks.
Use a budget-tracking app – Set yourself goals with a budget-tracking app so you can see how much you need to spend and how well you’re doing.
Utilise deal sites – Websites like Groupon and Wowcher are great for finding deals and discounts on a range of retailers, including restaurants, clothes shops and salons.
Give up expensive habits – Not only is smoking and drinking bad for your health, it’s costing you a bomb too. Take the opportunity to quit smoking and cut down your drinking and save the money you would normally allocate to these habits.
Opt for energy-efficient appliances – A simple change that will improve energy bills is to use energy saving appliances such as light bulbs.
Make your own gifts – When Christmas rolls around make a deal with your family and friends to make your own gifts this year. Pinterest is a great way of scoping out DIY gift ideas such as candles, face scrubs and baked goods.
Swap books/DVDs/music – Hit up your friends’ movie/music/book collection and make a deal to swap one thing every month. This will save you buying new things and may also open your eyes to genres you wouldn’t normally consider.
Some people find it helpful to talk about their budgeting plans with a professional. To find out how an accountant could help you save, please see our Personal Finance page.
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