As you may or may not know, I’m now trying to be really really good at saving money. I’d love to move out and the sooner that becomes possible the better. I’d say at the moment I’m an average saver. I save a lot more than some of my friends, but nowhere near as much as some others. Completely slap bang in the middle. So from this pay day onwards I’m going to try and seriously up my game, and I’ve come up with several ideas to try and make this happen.
I think working in the finance industry does make me more aware of saving and how much you do actually need to move out etc, so I really need to make a conscious effort to start saving as much as possible because man, life is expensive!
- Make a Spreadsheet
I’ve made myself a simple spreadsheet on Excel coz I’m a proper, boring adult. It’s nothing fancy as I literally only know the basics of Excel, so it’s something that anyone can make. Each month I’m gonna put in the exact amount I got paid, and then it’s going to take away from that balance whatever I spend. I’ve made categories such as petrol, insurance etc. Stuff you HAVE to spend your money on each month. Then for clothes/beauty, I’m giving myself an allowance. And then after all these things it tells me how much I have left completely free. So I should be able to budget much better. Hopefully.
2. Cut out the Crap
Basically, stop wasting money on shit. I don’t need a hot drink from Costa, we have a kettle at work. I’m not really starving so I don’t need extra food at lunch. If I pop to the pub on a week night I don’t always need one glass of wine. If I ain’t getting drunk I’ll be having a soft drink. These sound so little but all these things add up and over a month I reckon I can probably save myself a good £50.
3. Eat Out Less
This is defo gonna be the hardest for me. I LOVE a meal out. Since pay-day I’ve already eaten out once and had an afternoon tea. But from now on that’s it, I’m going to be strong. It is so hard as Pete and I love eating out, and so do all my friends. But unless there’s an actual reason I ‘m going to turn down any offers. Once a month should do just fine.
4. Everything in One Go
By this I mean, try and get everything that HAS to come out of your account to come out on your actual pay day, or as close to it as possible. I move a certain amount of money straight into my savings as soon as I get paid. Give my parents their rent money. Fill up my car with petrol. The list goes on. I’m slowly arranging for bills to come out the day after my pay day now instead of random days in the month. You may have to do this as and when you renew things (such as when your phone contract runs out) to avoid any admin charges. It means what your left with is basically good to use.
5. Be Strict
I am getting a lot better at this, but I need to actually think things through before buying them. No impulsive clothes buys! I’m really going to try and not buy something when I first see it, and then if I still want it after around a week then I’ll get it.
6. Bring Back the Piggy Bank
I’m going to be chucking any loose change into my piggy back and every couple of months I’ll empty it and pay it straight into my savings. Again, this is a really small step but every little helps, and combined with everything else it should start making a huge difference!
7. Learn to Say No
I’m seriously terrible for getting FOMO. I hate the thought that everyone’s out doing something and I’m not. And I also really dislike having to say no to things. But I need to learn that if I don’t go to every trip to the pub, or every night out, or every meal out, that my friends aren’t going to stop being my friends or hate me for it. If other people say no it’s fine, so it’s fine for me to say no as well sometimes. A night in with my colouring book is just as good sometimes. And also a major sign of getting old 😐 brill!