Sometimes things pop up and you need money fast- a birthday, unexpected bill, or you just really need to treat yourself with that dress that’s just gone on sale. So it’s important for you to find ways that suit your lifestyle and everyday expenses to save up for these things. Birthdays, holidays, credit cards and bills can dwindle your dollars faster than you can say ‘Merry Christmas’. Since I started getting paid fortnightly, I’ve been taking up simple ways to save money to make sure I live through the week.
Here are 5 easy things that you can do to save mega bucks over the year:
- Put money away once a week
This is probably the simplest way of saving money. Even if you put away $20 a week, you could save up to $1000 in a year Another good idea is to chuck all your coins in a tin, and you’ll be surprised how quickly it can all add up.
- Set up automatic transfers to another account
This is another easy way to put money away for a rainy day. Setting up automatic transactions is pretty easy nowadays. In store, online or via your banking app- you have nowhere to hide. You can put away as much as you want, and still access it easily in an emergency.
- Bring food and drinks from home
Bringing your own lunch and drinks with you can save you a lot of money pretty quickly. Make a cute salad, or make bigger portions for dinner and bring the leftovers for lunch. Either way, you’re saving yourself big bucks over time.
- cut down on coffee
Ok, this does sound a bit crazy, but, making your own coffee and bringing it with you in a reusable cup is super easy and budget friendly. There are some really cool designs out there; I really like KeepCup’s design because they’re really colourful, and T2’sthermos keeps my coffee warm for a long time.
- Make a budget
I found that since I started getting paid fortnightly, it’s been really helpful to make a budget, so I can track how much I’m spending. Using the 50/30/20 method (50% living, 30% lifestyle, 20% savings) has been a really useful tool. Even though I’m living pay to pay, it doesn’t feel like it, and I know exactly where my money is going.
I hope you find these tips helpful and can incorporate some into your lifestyle!
What do you do to save money? Thanks for reading lovelies!