Hello my lovelies
I hope the new year is treating you all well. I’ve really been giving this money saving thing a whole lot of thought.
When I was young I thought there was no rush to manage my money, and I just thought I had plenty of time. That time is all gone now, hey, the longer you leave it the more difficult it will be. Even though I’ve always been the one who followed a strict budget and practiced good saving habits amongst my family and friends, I still managed to waste a lot of money.
So, I’ve been thinking and this has inspired me to jot down a few tips and tricks for “my younger self” to show teenagers and young adults that every day counts when it comes to making the most of your money, and it is never too early to begin.
1. Have a goal, knowing what you saving for makes it a lot easier to actually do it.
2. Cut expenses, cut back on take outs, new outfits, shoes, bags etc
3. Save as a family, whatever the family goal is, working together towards a financial goal can be fun and rewarding, and can bring the family together.
4. Have a budget, this is the only way to keep track of your needs, make sure you don’t over spend and help save extra pennies.
5. Find extra income, the best way I’ve found is to do a boot sale. I love boot sales! Selling things you don’t use or need anymore is a great way to make extra cash for your jar!
6. Walk if you can, you don’t need to take your car to the corner shop! Get some exercise in while you at it. Killing two birds with one stone? Exercise… ticked..
7. Sell cookies, get your friends together, bake some biscuits, package and sell to friends and family. This is a perfect way to save up for a fun filled, much needed weekend away vacay with your clique! Or whatever you call each other nowadays…
8. Spend time at home, with family and friends, find fun and creative entertainment options that cost the fraction of a night out on the town.
9. Do not fall prey to peer pressure, you may buy something which your own better judgement tells you is a foolish purchase. The way your friends spend their money usually affects your spending.
10. Have your own style, as opposed to buying high end brands, be frugal, and find cheaper options (if you have too) I would just make do with the pieces I have and find new ways to wear it.
Our personal desires, aims and goals, influence our spending. I always believed that if I wanted something very much, I will wait and save for it and if it’s really meant for me it will still be on the shelf when I can afford it.
While there is absolutely nothing wrong with spending when you can afford it… DON’T NEGLECT to save!
This was just a way to show my young friends and family how simple it is to make better choices to get the most out of their pocket money. Our parents will always be there to lend a helping hand, but they do appreciate the effort we as children make to show them we appreciate their hard earn money. Don’t be wasteful, it’s a sin! and ANYTHING is possible if you put your mind to it.
If you have any other ideas for saving pennies please let me know, I would like to hear how you save money…