I wrote a post earlier this year about my vows to myself to save. Have I stuck to them, yes and no? I mean did I really need to buy more makeup, no BUT my blessing is that I am still living at home. However, I have almost managed to save my target for the year whilst still having a life. I can do better though.
1) Stop Buying Lunch Out
I used to be really good at taking food from home but I have really fallen off the wagon and I seem to be £6 or £7 a day on lunch. All of these really add up and even thinking about it, I could be wasting over a £100 a month on lunch.
Now that I’ve written this, the guilt has seeped in, so my way to save is to meal-prep and leave my debit card at home.
2) Deleting Newsletters
Deleting newsletters is a way to save money because if you don’t see that sale e-mail you’ll never know. It’s a great way to declutter your inbox, stop you buying anything you don’t actually need and save some coins in the long run.
3) Have a Goal in Mind
Mindset is everything when it comes to money, weight loss, education or work. If your head isn’t in it, the harder it will be. I am saving long-term for my future because I don’t wanna be working up until the age of 60. Thinking about the future and having an honest conversation with yourself about where you want to be and how you’re gonna get there is a great way to do this. However, if all you can think about is short-term, which is completely understandable as things change so quickly these days, quick loans are available to help.
4) A ‘Pardner’…
If you’re West Indian, you may have heard of this money saving method, but if not, I will give you a little explanation. A pardner, is a way of saving collectively amongst friends or family. For example, if there are 10 of you and you all put in £300 every month over a period of 10 months, each month there will be a ‘draw’ or ‘hand’ or £3,000. This is a great way to save in my eyes as you know in one of these months you will have a lump sum. My only advice is to make sure you 100% trust the people you are throwing with as these are not regulated by any financial body.
5) Go Handmade
Got birthdays and Christmas coming up, instead of buying gifts for friends and family, why not make something? A drawing, a poem, or going old school and making a mix-tape for someone will be more personable than another Jo Malone candle…
What money saving methods work for you?
Please note, this is a collaborative post.