How to Save Money

So, you’ve got a new dress or pair of shoes in mind. You’ve been eyeing them up for weeks but you just haven’t got the money to spend on them yet. Unfortunately, being an adult comes with financial responsibilities and we were taught to prioritize what we spend on (doh!). It could mean that there’s very little disposable income after the bills are paid and most of us are guilty of spending instead of saving. So, how do you save money for the treats in life?

Change Your Bank Account

It may sound like a hassle but it can definitely be worth it. Some banks will offer you cash rewards for switching your accounts and give you bonuses when you set up a certain amount of direct debits. You may find that some banks offer vouchers as rewards on different schemes. It’s worth researching and finding out if any different banks are more suitable for you in the long run. You can find out here.

Cancel Direct Debits

Are you paying for things you don’t really need? What about that Netflix account you use once a month? Do you really need the sports channels as part of your TV package? If you’re phone is always in your handbag, do you really need insurance? It’s up to you to figure out what you can cut back on but by cancelling a few small payments per month, it could add up to a significant amount.

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Sell, Sell, Sell

If you’ve had a habit of buying things in the past, you may have a few collections that you can part with now. You know what they say, out with the old, in with the new. Sometimes you have to clear out the clutter, and sometimes that clutter can be valuable. If you have things of value that you don’t use anymore, it may be worth putting them up for sale.

Invest

Making investments means you have money put away that you can then cash back in on when prices rise. There are countless areas you can invest in. This could range from investing in gold – you can read more about acre gold here – stocks, bonds, shares and more. If you are unsure where to start, consult a financial advisor who will be able to assist you!

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Consider Working Two Jobs

Don’t worry, it doesn’t have to be as hard as you may think. If you have a few extra hours in the evening, there are lots of ways of making money online. You could try taking some surveys at https://www.surveyssay.com/ipoll-review. Another option is tutoring English to foreign students by chatting online via Skype. The money you earn will vary depending on the jobs but it all contributes to your end goal.

Make Your Own Gifts

This is especially handy if you have a large family. It can seem like there’s a birthday or anniversary every other day. Instead of going out and buying generic gifts, put some thought into it and make your own. Once you have the materials you need at home, they should last you a while so you won’t have to re-buy often. They say it’s the thought that counts and people often prefer gifts that have meaning, rather than gifts that were bought from the store an hour before they were given.

Saving money can be a breeze when you get into the swing of things, and you may even catch yourself enjoying bargain hunting.