No matter how hard we work, or what we are earning, there are occasions when the month lasts much longer than the money does! It is a situation that we have all experienced, and it can happen to anyone, no matter how careful they are. While some people may opt to borrow the money on a short term basis, there are also options to consider which will help to prevent this situation in the future.
Budgeting more carefully, so that there is a little money left to save at the end of each month, can be one way to handle those unexpected times when money is tight. Sticking to a budget for all your regular weekly and monthly expenses and bills, is one way to stay in control. By doing this you will have a much clearer idea about how far your money is stretching and were you may be able to make savings.
We are hearing that many families are reducing their electricity and gas bills by looking for cheaper tariffs, and we have also heard that huge savings are being made by shopping around for cheaper telephone, mobile phone and broadband services. Even ten or twenty pounds saved per week can add up to a significant amount of money over a year.
For example:
Reducing your mobile phone bill by £10 per week for a year can add up to £520 in a year.
Reducing your heating bill by £15 per month will add up to £180 in a year.
Cutting back on buying expensive coffee while you are at work can save you a significant £25 per week! Over a whole year this adds up to £1300!
So, by doing three simple things to cut back on expenditure and finding cheaper options, you could, after one year, save a total of £2000! Now wouldn’t that be a nice nest egg to have stashed away in time for Christmas? If you start now, you will be able to do it in time for Christmas 2014. Good luck!
Budgeting more carefully, so that there is a little money left to save at the end of each month, can be one way to handle those unexpected times when money is tight. Sticking to a budget for all your regular weekly and monthly expenses and bills, is one way to stay in control. By doing this you will have a much clearer idea about how far your money is stretching and were you may be able to make savings.
We are hearing that many families are reducing their electricity and gas bills by looking for cheaper tariffs, and we have also heard that huge savings are being made by shopping around for cheaper telephone, mobile phone and broadband services. Even ten or twenty pounds saved per week can add up to a significant amount of money over a year.
For example:
Reducing your mobile phone bill by £10 per week for a year can add up to £520 in a year.
Reducing your heating bill by £15 per month will add up to £180 in a year.
Cutting back on buying expensive coffee while you are at work can save you a significant £25 per week! Over a whole year this adds up to £1300!
So, by doing three simple things to cut back on expenditure and finding cheaper options, you could, after one year, save a total of £2000! Now wouldn’t that be a nice nest egg to have stashed away in time for Christmas? If you start now, you will be able to do it in time for Christmas 2014. Good luck!
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