If you want to save some money, then the best thing you can do is make small, sustainable changes that will really add up month on month. Anybody can start saving, but you need a plan and the right mindset to begin. Read on for some advice on how you can start saving money every month now.
Make A Note Of Everything You Spend
Start by making a note of everything you spend. You can’t expect yourself to make big changes if you don’t know exactly what all of your money is going on right now. Perhaps you spend too much money in the shop buying sweet treats and all of that is adding up. Making a note of it will make you aware and give you an incentive to change things. Make a note, even if it’s in the notes app in your phone. It will make a huge difference.
Cancel Subscriptions That Are Draining Your Finances
Take a look at your monthly outgoings and cancel the subscriptions that are draining your finances. Perhaps you’re not even listening to many audio books at the moment so you can cancel your subscription. Perhaps you’re spending money on lots of streaming sites, when really you could just work on getting the best VPN so you can use torrent sites and save a fortune. If you’re not making the most of your gym subscription, it could be time for that to go, too.
Use The Envelope Method
The envelope method is a smart budgeting method that works because it forces the user to think about what they are actually spending. It’s cash, so it takes a little more mindfulness than simply swiping a card. You also set a budget that you know that you can stick to, but have an incentive not to overspend or buy things you don’t need.
Work On Learning and Changing Your Mindset Consistently
When you work on learning as much about money as you can and changing your mindset, you’ll notice the systems in place that keep people in debt and spending money that they don’t have. We simply don’t get enough financial education, so make it your mission to teach yourself as much as possible.
Switch Your Utility Bill Suppliers
It could be time to switch your utility bill suppliers if you’ve been with the same ones for a long time. You can usually renew or switch once a year, so make sure you make a note of the date and then hunt for a better deal. Your current supplier may match it, but it’s easy to switch if they don’t. Don’t just let your subscription with them roll over.
Swap Out Brand Names
You don’t need to buy brand names in your weekly shop when many supermarket brands are just as good. Make steady swaps if you don’t want to change too much at once. It’ll make a difference in the long term.
Use Cashback Sites
Cashback sites give you a little money back on your online purchases. Don’t forget to use them when you buy online!