How You Can Live Well on a Budget
So our obsession with living well on a budget continues. For those who follow us on Twitter, you probably already gained some valuable knowledge and hopefully came up with your own systems. If you did, we would like to hear from you. Please leave comments below and share your own tips on how you live well on a budget.
This post is about saving, whether you are trying to start saving or looking to top up an existing account, it is important to look at all options. We talked about cutting costs and signing up to loyalty cards to make your money go further. One of the biggest cuts for us last month was going out for meals. We decided if we wanted a meal out at weekend, we will go to pub. Meals in the pub are excellent value and so much cheaper than a restaurant. Doing it this way leaves restaurant option for a special occasion or a treat and leaves us with more money at the end of the month. After about 2 weeks, you really see the difference in your balance. Another thing we did last month was to create a spreadsheet and categorise our expenditure, we record all our spending and have an extra column where we add gains. The gains refer to loyalty points we get, money off next purchase or some other form of monetary value from the purchase. At the end of the month we plan to see where our most money go, how much we gained etc. The important thing here for any saver is to remember that the gain at the end of the month is what you should put into your savings account. Other gains might include saving money on washing your car by hand, instead of bringing it to car-wash or getting a grocery voucher. So if you are making regular payments into your savings, make sure you add gains to it at the end of every week or month. You will not miss it, but at the end of the year you might just make that little extra in interest on the savings.