Money Saving Tips

Money Saving Tips

The simplest way of saving is to spend less money than you earn but this is simpler said than done. You really must work out a budget to ensure you know exactly how much money is coming in and how much is going out. ( here is one from Money Help which offers online or excel based budget )

Have a money box. Obvious you say? But do you actually have one? If you took a money box and just started putting in spare coppers you could easily save up a good few pounds in just a month or so.

Pay yourself. Huh? Think about it. If you could get a cleaner for 10$ an hour I bet you would be interest. If you do 6 hours cleaning a week this would add up to 60$. Get a pot and pay yourself wages each week for chores around the house. You set the level of your wage. Save this money up and then use it to buy something for you for all your hard work. This is an incredibly easy yet fulfilling way of rewarding yourself for looking after the home.

Once every few months go through coat pockets and handbags and take out all the loose change that has been gathering there. You might just be surprised at how much you find. As this money has been sitting idle, put it straight into your savings pot—you won’t miss it.

If you are saving for something in particular, get a picture of that item and put in your purse or wallet. Every time you are tempted to take money out to pay for something have a look at your desired item and see which is more important. This can really help keep you focused on staying on track for what you really want and not wasting money on impulse buys.