I have to admit that I am terrible at saving! This year, I have been trying to change my habits when it comes to spending, which is too easily done these days when I can easily use the contactless method on my phone! All those small contactless moments don’t feel like spending cash, where you have to physically hand it over, but they certainly add up. In order to tackle this, and get myself out of some previous poor decision money holes, I’ve had to come up with simple strategies to save.
How to save when you’re when you’re rubbish at saving:
I know I sound like the ultimate millennial, but I buy lunch out so often! Making my own lunches has been great. Firstly, there’s more choice, and secondly, it’s way healthier and cheaper!
I used to buy everything on the spot just because I liked it a bit and wanted it in that moment. Now I think about how I’ll use it or where I’ll wear it and if it will sit around gathering dust soon.
Declutter your home.
This is something I have been doing ongoing this year and my home and life (not to be dramatic!) is so much better for it! You could sell anything still good and make some cash, but ultimately this helps you save because, as above, you think differently towards bringing more into the home. Try the declutter challenge and read my tips here.
Constantly buying new ingredients for different meals and not buying in bulk means spending more on your meals. I’m not saying be boring and eat the same thing for days, but cook a giant bolognese or curry and tub some up – you can have it for lunch or dinner the next day, or freeze to have later on. Cheaper, and less effort when you get in at night!
Save the unexpected money.
Get in from a night out with some leftover cash? Put it in a pot. Get home from work and have cash in your purse form lunch? In the pot. Most bank accounts now offer a round up service, where they round the amount you spend up to the nearest pound and put the extra few pence into savings. It’s surprising how quickly it builds up from money you wouldn’t even have noticed.
Get another account.
Transfer money each payday into a bank account that you can’t access easily. Throw away the card, or don’t sign up online. Just keep transferring a set amount that you can afford into it and it’ll soon build up!
I hope you find these tips from a spendaholic useful and are able to save some money to put towards your life goals!
What would you like to save for? Do you have any extra tips? Let fellow readers know in the comments!