You might be surprised to learn how much you can save in the UK when you’re smart about your spending decisions. The reality is that if you’re not careful, you’ll spend more than you need to on things like utilities, food, entertainment, and even travel expenses—no matter where you live in the country or what your income level happens to be. Fortunately, this doesn’t have to be the case.
Set Goals Every Month So You Have Something To Work Towards
Once you know what kind of lifestyle you want to achieve, start setting goals every month. This will make sure that there’s something to work towards regularly and build momentum for your efforts. If January is your birthday month, for example, consider making having fun at my birthday party one of your monthly goals—along with saving money each month or eating better.
Track Your spending
One of the most important things you can do to ensure a solid financial future is to track your spending habits now. By logging all of your purchases, you can gain insight into what’s holding you back from saving more money, as well as learn exactly how much money you’re wasting on unneeded items like alcohol or Starbucks lattes.
If you are looking for savvy ways to save money using simple techniques check out The Penny Pursuits for different ways to do this.
Save at least 10% off Your Wage
The easiest way to save money is simply saving at least 10% of every wage. This may be difficult when you first start, but as time goes on it will become easier and easier. By saving 10% you not only put yourself ahead financially, but you will have more money available for unexpected expenses or any luxury purchases that come your way. Saving money is easy once you get into a routine. Just make sure to set up an automatic transfer from your wages into a savings account so that you don’t even see it! You can then invest your savings by purchasing stock options, bonds, mutual funds, or other investment vehicles. There are certain apps which can help with automatic savings to make it a bit easier such as
Become a Grocery Ninja
Grocery shopping is one of those necessary evils, but that doesn’t mean you have to give yourself a heart attack each time you go through that door. With a little smartness and self-discipline, you can learn how to buy everything you need at a fraction of what it normally costs. Here are some ways to practice being your grocery ninja
Start Looking into Side Hustles
As everything is increasing in the UK this year – more and more people are looking for side hustles and different ways to make money. If you want to earn some extra cash this year, start considering these (legal) ways of making money – I have been using them for a while now and it’s now a solid part of my income.
Here I have created a printable savings tracker so you can easily save in a fun way! Simply download and print out – have the tracker in a place you will see it often so it reminds you of your goals so you keep working on them.