Anyone who knows me knows I am terrible and budgeting myself. Awful at it! Since being at uni, I only thought I could get better at it, but it turns out, I have got a whole lot worse.
So since turning unemployed and lacking a income, I had decided budgeting is probably the best idea, and it turns out, its working pretty well!
- Limit yourself : I am terrible at limiting myself when it comes to going shopping. To limit yourself better, take out cash and leave your card at home! Then you have no choice but to stick to your limit.
- Spend at the start of the month : I tend to spend at the start of the month, and others at the end. I see it as a reward for all the hard work the previous weeks. All new clothes in store, new fashion and style. Spend at the start of the month and wear throughout. By the time you’ve reached getting bored of an item, you’ll be back to the start of a new month and a new style – score!!
- On-line banking: Can’t stress how much easier it is when you have on-line banking and an app on your phone. Keep tabs on what your spending straight away, and transfer money over to savings when needed – easy!
- Prioritise : what do you really want! Prioritise what you’d prefer to spend your money on and what you need to. If those boots can wait but the coat can’t you know what you’ll be buying this month and next.
- Set aside for the amenities : Know your outgoings and ensure you have it set aside. Be reasonable on what you have to spend for yourself this month and don’t stretch yourself thin. Bare in mind when your MOT is due and if anything else unexpected is on its way.
And finally :
- Shop on the cheap: Aldi and lidl are my place to go for food and on the cheap. Fresh food cheap and no-branded but as good as the rest are cheaper too. If you need a new outfit, but can’t afford Topshops prices, always check Primark! Savers is also a great pit stop for cheaper cosmetics and beauty products!
So if you struggle with budgeting yourself, or think its high time to start, these little tips are sure to get you onto the road of recovery and saving.