Over the moon! That is how you will feel if you get to the end of the month and there is still money in that bank account of yours. However, achieving this can be a struggle, especially if you’re not carefully thinking about how you spend your hard-earned wages. Luckily, if you follow the simple advice below, we can show how we (and you) easily saved money while on a tight budget…
Make wise purchasing decisions
[This post contains ads] First of all, you need to try to reduce the cost of your outgoings each month. When we did this we looked at cars, homes, small luxury items that add up and anything else that requires borrowing, and monthly repayments.
Additionally, be sure that you check and understand the interest rates and fees that are associated with any long term credit purchase as well. It may be a good idea to look into credit consilidation companies, like Credit Firm, to see if you qualify for reduced or consilidated payments.
Reduce your car running costs.
One of the most substantial costs for any family from month to month is what they pay for their vehicle. Car expenses can be split down into two areas – the cost of the car itself and the money you need to spend to keep it running.
IThe cost of upkeep is something that can be costly on a monthly basis, but there are some actions you can use to change this. One is to reduce your fuel expenditure learning to drive more efficiently and the other is to make sure that you are keeping insurance costs down by driving safely.
You can work to minimize your insurance costs by taking a defensive driving course. Another way you can help your insurance is by buying a dash cam to record your driving in case of an accident. I highly recommend this option, I have seen it help so many people get out of at-fault accidents (find out more about this by reading up on a dash cam buyer’s guide).
Don’t throw away so much food.
Food, we all need it, but sometimes it can cost us more than we should be paying out. Primarily, this is an issue about buying consumable goods that we don’t actually need, items that we end up throwing away at the end of each week. It’s easily rectifiable, all it takes is planning meals/snacks and only buying the exact amount you need for each day.
When we had to work to fix our food overspending, we tracked what we actually consistently eat (apprently, we only have 5 meals we eat, so why buy more variety?). I stopped buying extra stuff/snacks, and started creating 2-3 meals off of our favorite staples. We started packing lunches and making sure snacks were fruit or sandwiches instead of chips and such. I highly recommend buying the Healthy Meal Planning Bundle, this really helped us get serious with our food planning, because it gave us access to thousands of ideas recipes and meal planning options
Yes, I include affiliate (ad) links in all my blog posts, however it is only with companies and products I highly recommend. I receive a small commission if you buy through my links, so thanks in advance! Lydia Y-S