Six tips on saving money!

I did think about waiting until the new year to post this, but it should be a "way of life" as opposed to a new year resolution imo. (Plus it probably helps before the Boxing Day/January sales...)
These tips seem so obvious and you probably do some of these yourself but there's some people who are terrible at managing their money so hopefully these will be of use!


Write down all of your monthly expenses, starting off with the most important e.g rent, bills, food, travel etc. I have an excel spreadsheet with my incoming and outgoing finances which I access both at home and on the go to keep track. I've used it for years and it's definitely helped me manage my budget.


On payday, the first thing I do is put money into my savings account. You never know when you might need it so for me, this is the most important thing because I like to save for the future. It's quick to do and gives you peace of mind.

USE CASH (whilst we still can!) 

I admit, I'm guilty of not doing this as often as I should because let's face it, it's so much easier to pay with card. I'm a bit paranoid about accidental payments so I don't use contactless or pay with my phone. On the other hand, I don't like to walk with cash because if I lose the money, then it's gone but if I lose the card, I can call the bank, cancel the card and my money's safe. But physically handing over cash can make you more of a tight-arse, which isn't a bad thing.


For a 20-something year old, this can be difficult. Those shoes, the lazy 10 minute Uber ride and the daily trip to Costa can all add up, so ensure you've paid everything off. Food and hot water > the latest Michael Kors bag. However...


Saving money can feel like a chore and to completely cut yourself off from spending any money can make you feel worse and you might go on a big splurge. There's a saying - "I can't spend my money when I'm dead" - which is true, I suppose know... don't go OTT.


To backtrack, I am a bit of a hypocrite as in the past, I've bought stuff that - for years - never ventured outside of my wardrobe. Space is limited so rather than buying a lot of new stuff, I try replace something old or unused.
Depop is great for selling clothes, accessories, books etc; I've used it for over a year, sold a bunch of stuff and gained some precious wardrobe space.

Do you follow any of these tips? If not, how do you manage your money?
  • 19.12.16