When on your money saving journey, many people's mentality is that they need to cut every expense out of their life, and have no fun. With this method, people often fail to save as they aren't having fun, enjoying life or see no point in cutting everything out.
To be successful in saving money, you need to make small manageable changes in your life. Smaller changes are better as you wont be disrupting your whole life. In turn - everything wont seem so different to yourself.
When you are trying to save, you can still have fun and still treat yourself. But you need to do it in a controlled way, and only buy things when you can afford to - not on a credit card!
Although, if you're wanting to speed up the saving process - it can help to cut out unnecessary spending. Money you're spending on services and products you don't really need, or there are free alternatives available.
Here is a list of some products/services which I have cut out spending my money on (or what you should stop spending your money on!) The money which I have saved each week/month/year I have been putting towards my savings for my first home. Yours could go towards paying off debt, putting into a savings account or saving for a holiday.
Newspapers & Magazines
It's very rarely I'll buy myself a magazine now a days. The only time I do is if it's a special edition or something I'm really interested about.
I'm not that involved with celebrity culture so your stereotypical "women's magazines" don't appeal to myself.
Newspapers are similar, I like reading up on current affairs from around the world. But most of this information can be accessed online for FREE! Why waste precious money on information you can get on your phone anytime.
Gym Membership
I've never been a member of a gym, but I know how much some gym memberships can cost! Unless you use the gym regularly, and can justify the cost I just see it as an expense which can be eliminated from your monthly spending.
There are plenty of free (or cheaper) resources online so you can work out at home for a fraction of the price.
If you go to the gym just to practice cardio - you could take up running. It's free and gets you outside in the fresh air!
Starbucks/Costa Coffee
When you're treating yourself to a take out coffee everyday, you're literally throwing money down the drain. Costs can quickly add up when you're spending small amounts on coffee everyday.
It may be worth investing in a reusable cup (it's better for the environment too!) and bring your own coffee from home. Better still - you could use the free coffee available at work!
Bottled Water
Similar to take out coffee, when you're buying a £1 bottle of water everyday the cost will soon add up. The environmental impact you're having as well by buying a new plastic bottle everyday is extortionate.
Buy yourself a reusable bottle and fill up at home and at work. In some Pret stores they have a free fill up water station so you can re-fill on the go!
Branded Products
I'll admit, I'm a bit of a brand snob. For me, cutting out branded products was hard. Not because I only want people seeing me use the best products, but because I thought they were better - and own brand wouldn't be as good.
I've been proven wrong. Own brand is often just as good quality! A lot of the time own brand (such as Tesco Value, or Sainsbury's Basics) are made in the same factory as the branded alternative!
I often buy value tinned products, as there is very little difference between the two. Household cleaning products as well - an easy way to save money off the weekly shop!
Flash Sale Items
Just because you receive an email because your favourite brand now has 50% off all products doesn't mean you have to buy something! Be strong and resist the urge. You don't really need it.
Convenience Food
Such as ready to eat sandwiches, hot chicken from the rotisserie counter, ready meals for 1. You're paying for the convenience of the food being there and ready to eat! Instead, bulk buy and batch cook your meals from the week. It's healthier, and will save you money in the long run!
If you're spending £3 a day on a meal deal during your lunch break, that's £15 a week! £75 a month! Think about it...be prepared.
Is there anything else you stopped buying to help you to save money?
When on your money saving journey, many people's mentality is that they need to cut every expense out of their life, and have no fun. With this method, people often fail to save as they aren't having fun, enjoying life or see no point in cutting everything out.To be successful in saving money, you need to make small manageable changes in your life. Smaller changes are better as you wont be disrupting your whole life. In turn - everything wont seem so different to yourself.
When you are trying to save, you can still have fun and still treat yourself. But you need to do it in a controlled way, and only buy things when you can afford to - not on a credit card!
Although, if you're wanting to speed up the saving process - it can help to cut out unnecessary spending. Money you're spending on services and products you don't really need, or there are free alternatives available.
Here is a list of some products/services which I have cut out spending my money on (or what you should stop spending your money on!) The money which I have saved each week/month/year I have been putting towards my savings for my first home. Yours could go towards paying off debt, putting into a savings account or saving for a holiday.
Newspapers & Magazines
It's very rarely I'll buy myself a magazine now a days. The only time I do is if it's a special edition or something I'm really interested about.
I'm not that involved with celebrity culture so your stereotypical "women's magazines" don't appeal to myself.
Newspapers are similar, I like reading up on current affairs from around the world. But most of this information can be accessed online for FREE! Why waste precious money on information you can get on your phone anytime.
Gym Membership
I've never been a member of a gym, but I know how much some gym memberships can cost! Unless you use the gym regularly, and can justify the cost I just see it as an expense which can be eliminated from your monthly spending.
There are plenty of free (or cheaper) resources online so you can work out at home for a fraction of the price.
If you go to the gym just to practice cardio - you could take up running. It's free and gets you outside in the fresh air!
Starbucks/Costa Coffee
When you're treating yourself to a take out coffee everyday, you're literally throwing money down the drain. Costs can quickly add up when you're spending small amounts on coffee everyday.
It may be worth investing in a reusable cup (it's better for the environment too!) and bring your own coffee from home. Better still - you could use the free coffee available at work!
Bottled Water
Similar to take out coffee, when you're buying a £1 bottle of water everyday the cost will soon add up. The environmental impact you're having as well by buying a new plastic bottle everyday is extortionate.
Buy yourself a reusable bottle and fill up at home and at work. In some Pret stores they have a free fill up water station so you can re-fill on the go!
Branded Products
I'll admit, I'm a bit of a brand snob. For me, cutting out branded products was hard. Not because I only want people seeing me use the best products, but because I thought they were better - and own brand wouldn't be as good.
I've been proven wrong. Own brand is often just as good quality! A lot of the time own brand (such as Tesco Value, or Sainsbury's Basics) are made in the same factory as the branded alternative!
I often buy value tinned products, as there is very little difference between the two. Household cleaning products as well - an easy way to save money off the weekly shop!
Flash Sale Items
Just because you receive an email because your favourite brand now has 50% off all products doesn't mean you have to buy something! Be strong and resist the urge. You don't really need it.
Convenience Food
Such as ready to eat sandwiches, hot chicken from the rotisserie counter, ready meals for 1. You're paying for the convenience of the food being there and ready to eat! Instead, bulk buy and batch cook your meals from the week. It's healthier, and will save you money in the long run!
If you're spending £3 a day on a meal deal during your lunch break, that's £15 a week! £75 a month! Think about it...be prepared.
Is there anything else you stopped buying to help you to save money?
To be successful in saving money, you need to make small manageable changes in your life. Smaller changes are better as you wont be disrupting your whole life. In turn - everything wont seem so different to yourself.
When you are trying to save, you can still have fun and still treat yourself. But you need to do it in a controlled way, and only buy things when you can afford to - not on a credit card!
Although, if you're wanting to speed up the saving process - it can help to cut out unnecessary spending. Money you're spending on services and products you don't really need, or there are free alternatives available.
Here is a list of some products/services which I have cut out spending my money on (or what you should stop spending your money on!) The money which I have saved each week/month/year I have been putting towards my savings for my first home. Yours could go towards paying off debt, putting into a savings account or saving for a holiday.
Newspapers & Magazines
It's very rarely I'll buy myself a magazine now a days. The only time I do is if it's a special edition or something I'm really interested about.
I'm not that involved with celebrity culture so your stereotypical "women's magazines" don't appeal to myself.
Newspapers are similar, I like reading up on current affairs from around the world. But most of this information can be accessed online for FREE! Why waste precious money on information you can get on your phone anytime.
Gym Membership
I've never been a member of a gym, but I know how much some gym memberships can cost! Unless you use the gym regularly, and can justify the cost I just see it as an expense which can be eliminated from your monthly spending.
There are plenty of free (or cheaper) resources online so you can work out at home for a fraction of the price.
If you go to the gym just to practice cardio - you could take up running. It's free and gets you outside in the fresh air!
Starbucks/Costa Coffee
When you're treating yourself to a take out coffee everyday, you're literally throwing money down the drain. Costs can quickly add up when you're spending small amounts on coffee everyday.
It may be worth investing in a reusable cup (it's better for the environment too!) and bring your own coffee from home. Better still - you could use the free coffee available at work!
Bottled Water
Similar to take out coffee, when you're buying a £1 bottle of water everyday the cost will soon add up. The environmental impact you're having as well by buying a new plastic bottle everyday is extortionate.
Buy yourself a reusable bottle and fill up at home and at work. In some Pret stores they have a free fill up water station so you can re-fill on the go!
Branded Products
I'll admit, I'm a bit of a brand snob. For me, cutting out branded products was hard. Not because I only want people seeing me use the best products, but because I thought they were better - and own brand wouldn't be as good.
I've been proven wrong. Own brand is often just as good quality! A lot of the time own brand (such as Tesco Value, or Sainsbury's Basics) are made in the same factory as the branded alternative!
I often buy value tinned products, as there is very little difference between the two. Household cleaning products as well - an easy way to save money off the weekly shop!
Flash Sale Items
Just because you receive an email because your favourite brand now has 50% off all products doesn't mean you have to buy something! Be strong and resist the urge. You don't really need it.
Convenience Food
Such as ready to eat sandwiches, hot chicken from the rotisserie counter, ready meals for 1. You're paying for the convenience of the food being there and ready to eat! Instead, bulk buy and batch cook your meals from the week. It's healthier, and will save you money in the long run!
If you're spending £3 a day on a meal deal during your lunch break, that's £15 a week! £75 a month! Think about it...be prepared.
Is there anything else you stopped buying to help you to save money?
Saving money is a good habit. By saving money, one can ensure a enlighten future as well as start new business or anything else. Also there are many ways that will permit you saving money with earning some profit too. Want to know how to save money in smart way? Follow some online page like getyourmoneyright.
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