Top money saving tips
The New Year is when the belts really do tighten. With the money we spent on Christmas, some of us are left looking at our bank accounts in a frenzy, hoping some money will appear soon. But never fear- there are a few money saving tips that the experts recommend to make sure that you can still live a great lifestyle without worrying about pinching the pennies too hard.
Budgeting
A rule for students and adults alike, budgeting is a great way to keep track of what you spend over the course of a month. Use a notebook or a spreadsheet to calculate how much money is coming in and what you’re spending it on. Once you can see where unnecessary purchases are being made, you can cut back and save yourself some much needed cash. If you do decide to budget, make sure to set aside money for essentials, like bill payments, food shopping and toiletries.
Make little changes
Sometimes it’s hard to immediately stop spending cold turkey, so start by making some little changes in your daily life. Make your own coffee or tea at home and bring it to work, or consider buying products that aren’t branded, but are the supermarket’s own brand.
Get a Short Term Loan
If you’re really strapped for cash, a payday loan from BingoLoans.co.uk is an easy way to get the money you need, when you need it. You can pay it back when you’re ready and most companies will lend to you, whether you have a good or bad credit score.
Sell your things
Everyone’s got old clothes that don’t fit or books they’d rather not have cluttering their homes. There are thousands of websites where you can sell the things you don’t need for cash. Everything from old computers and mobile phones to comics and jewelry can be sold on the internet.
Set up a savings account
If you’re receiving money from a job or paid work, make sure to set aside a portion of it for your savings. Keeping it in a locked account with your bank might stop you from spending it and will build up a reserve for a rainy day.