Managing Money, a hopefully useful guide for those wanting to save
So I've been thinking about writing this post for a while.
The back ground to this is the fact that Luke and I are saving for firstly a new car and secondly a mortgage. So I hope that the below will be a few handy tips.
So I've decided that it's time to take charge of the finances. But I wasn't sure how to go about it. The easiest way literally seemed to be reviewing my bank statements for the last three months. We looked at which money went where.
Upon review, we found out that we were majorly overpaying for our gas and electric (both are through the same company) by 40 pounds a month. That doesn't sound like much but over the year thats £480 recooped already.
I also changed our insurance for the pets, this has gone down by five pound. Another 60 pound a year saved. So thats way over 500 pound already! I am attempting to do the same on other bills.
I should probably mention that in saving, it's worth checking out rates on different savings accounts. We went with an ISA as the rates are fairly decent. I did have to check for advise though as I am by no means an expert.
Another tip that has worked for me, is paying all the bills that I am responsible for as soon as I get paid. This is so that I know exactly how much is left over. I fell into the trap of going shopping on pay day last month, spending a lot of money and then was struggling for the rest of the month.
I wrote a list to include everything, even the Kitten's injections so that nothing will be a surprise.
And on to the more basic stuff - if you are making a large purchase - shop around. I do this with beauty products and games and what not. You'd be suprised how people can take prices down when they want to.
Another little tip is for clothes, homeware and food. Recycling / up cycling. This is a little hobby of mine. I have written blogs on various home projects ( check it out here). Its basically the notion of making an old object useful again and saving money in the process. I do enjoy creating quirky little meals out of leftovers. I'll have to post some recipes sometime.
To finish this post off, I will leave you with a little quote thats stuck with me : do not save what is left after spending, spend what is left after saving. Still allow yourself treats, but keep it in a realistic budget. Also remember a little saving is better than none. :)
Hopefully this post can do some good - as I said these are money tips that heave helped me over the last couple of months
Let me know below if this has helped you at all, or if there are any extra little tips you've discovered ;)
Snapchat : Beckydoodah