Living to a budget can sometimes feel rather draining. Having to count every penny earned and have it allocated to a bill or expense is truly difficult for some. For others, budgeting their wages is a chance to be creative. Trimming the money that you spend in your daily life is a good place to start if you want to start living a slightly more frugal life and save up for things that are far more exciting, like holidays and a new car!
Trying to pay off debts while saving money for the next big thing in your life isn’t always easy, but it can be done. All you have to do is identify the places in your life you could save some money, and implement the right changes. So, now that you want to get started on budgeting and cutting back without skimping on the quality of life you currently have, we’ve put together for you four of the best places in your life that you could save some pennies!
Utilities. Water, gas and electric bills are some of the biggest expenses in life. Running a home isn’t cheap and if you are someone who consistently leaves the lights on, you’re going to find things a little pricier each month than someone who switches off the lights when they leave the room! Swapping your lightbulbs for those with a lower wattage and learning to keep the thermostat on a low setting will help you cut back. Swap those luxurious bubble baths from nightly to once a week, and have a shower instead. Less water used equals less water to be paid for!
Food. No one likes to cut back on treats, but did you know if you shop around for prices in other supermarkets, you could get the same food for less? Start bringing a packed lunch to work every day so that you can stop spending unnecessarily at lunch time and do a cupboard goods shop once a month, topping up with fresh foods weekly. Never go shopping hungry, and write a list! If you bring enough cash only for what you need, you won’t deviate and spend more.
Insurance. Shopping around for cheap car insurance quotes can help you get a lower price without compromising the quality of your service. You can do the same thing for home and life insurance, if you have those and lower your costs. Another way to save insurance money is to pay your yearly insurance up front – if you have the cash. Then it’s one less monthly expense.
Fun. Your social life doesn’t have to dry up just because you’re on a budget! Host spa nights at home with the girls and movie nights in instead of the cinema. If everyone brings a snack or movie, you can save money on hosting, too.
Saving money doesn’t have to be a drag, especially if you know exactly where you can save without giving up the lifestyle you have right now!