Sunday, 22 January 2012

Being Honest with yourself

Morning you all,

 So Today's Saving Tip is be honest with yourself, cause if you're not, WHO will?!
Money wise this is how it goes, and everyone knows it really they just don't want to bother remembering it really it.... for when you spend more than you earn it will get you in to Debt; if you continue to spend more than you earn it will get even worse, and if you never get to deal with it or don't want to bother it will bring you to a Debt Crisis.

1st Things first: BUDGET

Make a list of your total household expenditure and income, put everything and I really mean everything into it ok, like tobacco, magazine subscriptions school meals, bills etc.; do it on a monthly system so you'll know how much you get per month and how much you're spending, you'll be surprised with the results, you can get a personal household budget plan from a microssoft excell spreadsheet.

2ndly: PLAN

Be honest with yourself there maybe things you can do to save some cash like instead of eating out when you go to work just take a pack lunch from home, for example if you ousted to spend around £5 every day and you work 5 days a week  then you would spend (+-25x5£) £125 p/month which works out at a massive (£125x12) £1500 p/year, now wouldn't this be better in your pocket?! Just cook a little bit extra the night before put it in a container and take it to work,you'll save some precious £, eat healthy food, and know exactly what you're eating 'cause after all you were the one who cook it :)

Another way you can save cash when going to work is on transport costs, you may go by car on your own, or even by bus.... why not try to get a ride to and from work, share your car or their car arrange a picking up and dropping out spot and you'll save cash for example if you catch the bus and have a weekly rider it would cost you £15 a week plus time cause it takes ages so £15x 4 weeks = £60 p/month which per year gets to a whooping £720 quid... so if you share a ride and pay only £10 p/week you would pay £40 monthly which will add to a £240 pounds saving plus the time you saved travelling by car you may think its not much but every little helps here :)...

Another one is instead of having a mobile contact where you pay for example £30 p/month why not just top up when you need it, it may not look like it but yes it saves you £, many of us have massive contracts and end up to use it just for texts or something like that  so if you spend only £10 or £15 pounds every month you'll save (£360-£180) £180, if you make a lot of international costs why not turn to skype they have some pretty cool deals for example unlimited calls for landlines for only 3.99 p/month. WOW!!!

3rd and Last: PREPARE

After sorting out the 2 above steps, seeing where you can save some cash, planning your week meals/transport/ etc., separate some money for miscellaneous things you never know whats going to happen so its better safe than sorry... use only that cash nor more nor less, whatever you didn't spent put it in a piggybank like the Can type or the ones you would have to break it to get the money., at the end of the year you'll have more than enough for a mini holiday I promise ;)

There's tons of savings you can do on a daily basis just have a good think about it.
I'll see you next time with a lot more tips, keep tuned.

See you soon,

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