If you’ve been wishing that you had enough money for a family holiday, dreaming about buying a new car, or spending your free time browsing catalogs, it may be time to start saving money.
For most families, saving money is a nice idea, but is something that can be difficult to actually do. After all, most families have bills, car payments, groceries to buy, and rent to pay.
Fortunately, regardless of your current financial situation, it is possible to start saving money with minimal life changes in order to reach your goals and be able to afford the things that you want.
CREATE YOURSELF A BUDGET
First off, create a budget. This isn’t as scary as it may sound. Creating a budget can be as simple as calculating how much you make, figuring out how much you need to spend, and determining exactly how much you’ll save.
You can choose to make a more in-depth budget and calculate how much you’ll spend on individual items, but how specific you want to be in your budget is your decision. The important thing is to stick to your plan. Decide ahead of time what you’ll spend money on.
For example, if going to movies isn’t written into your budget, don’t go to the cinema. Cutting out this expenditure and this luxury can be enough to help you save £10, £20, or even £50 a month.
REMOVE OLD CLUTTER
Next, consider selling old items you no longer want or use. If you have a collection of books gathering dust, an assortment of old DVDs that you no longer watch, or a box full of old toys, it’s time to get rid of them.
Of course, we have to touch on mobile phones here as well! Nearly everyone in the UK owns a mobile phone, and there are also plenty of people that have an older phone lying around gathering dust. This is where you can help clear space, and get some cash back from those old gadgets.
Not only will you have less clutter in your home, but you’ll also earn some extra money that you can save.
Even if you make a small amount of money, you will soon realise that it quickly adds up. Avoid the temptation to spend the money you make from selling things and simply add it to your savings account.
You can choose to have a car-boot sale to sell your things if you’re in a hurry to get rid of them, but selling items online can also be quite lucrative.
ONE FINAL PIECE OF ADVICE
Finally, cut back on your “fun” spending. If you like to make impulse purchases at the supermarket, such as ice cream or alcohol, try to reduce the amount you spend on this.
If you like to eat at restaurants, buy coffee at cafes, or even attend a lot of local events, you may be spending more than you should. Cutting back on these expenditures, even for a few weeks or a month, can drastically increase the amount of money you are saving.
Give it a try now by getting together a budget planner.SellMyMobile.com