Times are still tough! The papers are saying the UK is slowly recovering after a double recession, and that’s good news, but for most of us, we are still feeling the effects of the recession and the boom days seem far away. The cost of living is high and wages have not increased with inflation. It is no wonder so many of us are finding it difficult to make ends meet. For most people, the money runs out before the next payday and it can be an extremely difficult cycle to break!
Most of us know that making do with what we have is the answer when money is tight, however, that’s not always possible when even the basics are a struggle. Some simple changes to how you spend your money can make a real difference and they could help you make your regular wage last a little bit longer.
If you are a regular follower of this blog, you will have read about setting budgets before. It is something we always recommend. Setting a budget for your weekly shop, your fuel expenses and other bills helps you stay focused and makes it a little easier to spread your monthly wage across the entire month.
When you set your budget, try making some savings on what you normally buy so you can reduce the weekly amount as much as possible. The goal is to set a budget for each week which gives you a little emergency money each week, but also, it gives you an amount you can save each month. If you stick to your budget, and don’t spend the extra, you can use it to add to your savings, or you can treat yourself a little at the end of the month.
Let’s start with the weekly grocery bill. Think about how you can save some money. Changing to slightly cheaper brands, buying in bulk for certain items and even considering a different store are all ways you can save a little money and shave another few pounds off your weekly shop.
If you are strict with yourself and stick to your weekly budget, you’ll be amazed how quickly you manage to build up a spare pot of cash in savings. This can be your emergency fund. Once you have it, then you can consider saving for bigger items like a holiday or a new car.
The choice is yours, but even a pound saving a day can make a massive difference. Consider this; saving just £15 per week for an entire year will give you a little nest egg of £780! Now, think about what you could do with nearly £800!
Being motivated enough to save some money each week can make you feel great, help you deal with unexpected emergencies and save you money in the long run.
In the meantime, if you do need emergency cash, you always have the option to consider a short term payday loan if it is the right option for you.
Start saving today and you will soon be on your way to financial freedom.
Most of us know that making do with what we have is the answer when money is tight, however, that’s not always possible when even the basics are a struggle. Some simple changes to how you spend your money can make a real difference and they could help you make your regular wage last a little bit longer.
If you are a regular follower of this blog, you will have read about setting budgets before. It is something we always recommend. Setting a budget for your weekly shop, your fuel expenses and other bills helps you stay focused and makes it a little easier to spread your monthly wage across the entire month.
When you set your budget, try making some savings on what you normally buy so you can reduce the weekly amount as much as possible. The goal is to set a budget for each week which gives you a little emergency money each week, but also, it gives you an amount you can save each month. If you stick to your budget, and don’t spend the extra, you can use it to add to your savings, or you can treat yourself a little at the end of the month.
Let’s start with the weekly grocery bill. Think about how you can save some money. Changing to slightly cheaper brands, buying in bulk for certain items and even considering a different store are all ways you can save a little money and shave another few pounds off your weekly shop.
If you are strict with yourself and stick to your weekly budget, you’ll be amazed how quickly you manage to build up a spare pot of cash in savings. This can be your emergency fund. Once you have it, then you can consider saving for bigger items like a holiday or a new car.
The choice is yours, but even a pound saving a day can make a massive difference. Consider this; saving just £15 per week for an entire year will give you a little nest egg of £780! Now, think about what you could do with nearly £800!
Being motivated enough to save some money each week can make you feel great, help you deal with unexpected emergencies and save you money in the long run.
In the meantime, if you do need emergency cash, you always have the option to consider a short term payday loan if it is the right option for you.
Start saving today and you will soon be on your way to financial freedom.
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