2016/04/14

8 TIPS FOR SAVING MONEY

Let's face it, money runs this world. In order to survive, we're going to need some money.
For everything we do or what we need, we need money. 
I don't say that I'm a professional when it comes to saving money,
but I'm pretty comfortable with my current money situation so I guess it's working then.



#1 DO A CLEAR BUDGET PLAN

I'm using the Numbers app on my laptop for sorting out where my money is going.
It's basically Apple's version of excel. Budget is really important and it lets you see
where your money is going to. I write down how much my salary is and then I list how
much things there to pay before buying anything else. After sorting this out you'll see
how much money there's left from your salary to spend.

#2 PAY YOUR BILLS BEFORE THAT LOVELY T-SHIRT OR SHOES

For me, this is very important. I have to pay everything when my salary
arrives to my bank account because otherwise I would worry all the time of that
one bill I haven't paid yet. This way, you get all covered for the rest of the month.
After paying my bills, the money that's left on my account makes me think do I really
need all of the stuff I want to buy. 

#3 PLAN WHAT YOU'RE GOING TO EAT

I've planned menu to this household for 4 weeks from now. Of course there can and
will be changes but we go to the grocery store 1 or 2 times a week, thanks for the planning.
There won't be any impulse purchases and we buy all we need at a time.

#4 COMPARE PRIZES

...Even if it makes you to go to two different markets. We buy all our food from Lidl,
because it's the cheapest food market chain in Finland. On the other side,
we can't find everything from Lidl so we'll have to go to a different store. It's okay.
Same goes with clothing; do you have to buy that Filippa K t-shirt for 55€
when you'll get one exactly  look-a-like and same from H&M for 10€?

#5 DO A SAVING PLAN

Think  about how much money you want to save.
Let's have an example:
Lisa gets salary worth 1000€ per month. She pays her bills and there will be
300€ left to spend food and other supplies. Let's imagine that Lisa spends 30€/week
for food so there will be left 180€ to spend other activities every month.
Knowing that her income won't change anytime soon.
Lisa needs to decide how much she wants to save, so let's say that she wants to get
a new camera that costs 800€. If Lisa wants to go out, have fun and stuff there's
not much to save from 180€.
Let's say that Lisa decides to save 30€/month.
It takes her 27 months to save money for the camera, which is approximately
2 years and 2 months.
Lisa is also a made up person with a made up income,
but she does make a point doesn't she.

#6 LET SOMETHING GO

You  want to go out to party, dinner or movies right?
I'm not saying that you shouldn't - I'm saying that if Lisa wants to save for
her camera faster, she can't go out partying every weekend.
Alcohol is expensive.

#7 LEFTOVERS

I don't necessarily use all of my money within one month, so a day before
my pay day I check how much money I got left in my bank account.
Before I go to sleep, I empty my bank account to my saving account
so I'll get a fresh start for the next months budget.
And also, it's extra saving haha.

#8 IF YOU DON'T REALLY NEED IT, DON'T BUY IT

I'm pretty sure I don't need to explain this. If I do... Well.
I hope some of these tips were helpful to you,
do you have any tips for saving to add this list of mine?

Jasmin

6 comments:

  1. Thanks you so much for sharing these great tips!

    Beauty Candy Loves

    ReplyDelete
  2. Tosi hyvä kikka toi tyhjentäminen säästötilille ennen palkkapäivää, en oo ikinä tajunnu! x Dora Marie / doramarien.blogspot.com

    ReplyDelete
    Replies
    1. Joo se on kyllä ihan kätsy :D

      Delete

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