Saving and Spending

sorry i haven’t posted in a while, been a tad busy! so christmas is coming up and there’s so much to buy but so little money to buy with so i thought i’d do a post on how i save money when i need it most!

1. the cheaper option

by this is mean, if there’s a similar item from two different shops and one is significantly cheaper, then buy that one.. it saves so much money just from sacrificing your ideal purchase for something a little less!

2. when you’re feeling down

well i know that when i’m feeling down all i need is some materialistic to pick me back up again.. even just a new lipstick or pair of leggings.. it really does make you feel better but just try not to break to budget!

3. take out cash

when i go out shopping, i ideally take cash.. it means you can withdraw lets say £40 from your bank and you know you can’t buy anymore than that unless you take more out! and it stops you putting silly purchases like a lipstick or something on your card.

4. buy in store

this is a bit of a hypocritical point considering i’m genuinely obsessed with internet shopping but unless it’s free delivery and you can’t find it anywhere else, just go to the store to buy it! post and packaging is a ridiculous amount these days and just not worth it really.. i recommend checking out the asos website as you can buy things without having to pay for p&p and it still arrives within a week.. bargain!

5. allowances

write down somewhere an allowance of how much you’re going to spend on everything for the upcoming month (bear in mind this is probably very different to uni students!). for example, mine for december is:

so include how much you hope to spend on certain things like clothes, presents, bus fares, food, etc. i find it really handy.. and if you go over then you have to reduce the amount you can spend on something else.. simples

6. plan out presents

now christmas is coming up so you need to sort out how many people you’re buying for, how much you’re spending, are you doing a secret santa? if so then maybe sort out a bundle of prezzie’s to give to them from maybe you and a friend or sibling? same with birthdays really, look through your calendar and see who you’ve gotta buy for? similarly to the crimbo idea, gather some friends and all pitch in a bit less but still buy your friend something which they’ll love!

7. hide away your money

in summer when i had to start saving to go on holiday, i knew there’d be no other way that i could save my money other than selotaping a shoe box shut and then cutting out a small hole for me to post money through.. so i did.. and it worked! even just a small box or anything which you can put stuff in but not take out is a useful way of saving money.

8. start selling

recently i’ve taken to eBay to sell my unwanted clothes, too small/too big, or whatever the reason.. it’s really easy when you have an account and paypal.. and in the nicer weather i like going to carboot sales to get rid of my bits and bobs!

9. the bare essentials

when you’re not exactly rolling in it a good idea is to write down the exact things you need that month whether it’s a new moisturizer or some new school shoes so you have almost like an aim for the month.. this stops you from spending willy nilly on random things.

10. income problems

if you don’t have a job i understand how you feel.. but the best way to get out of that rut is to put up notices for cleaning or whatever.. and get your mum/dad/auntie/uncle/nan/cousin or whoever it is to spread the word about babysitting which is always a bonus of money.. getting to chill for a few hours for money.. perfect!

5 Comments

  1. 01/12/2013 / 19:46

    I like the shoe box idea hun, i'm so awful at saving I dont think I ever have properly saved! I do the same thing as you with writing down a budget, especially when I was doing my apprenticeship, I used to get £2.65 an hour, so when pay day came I reallly had to be careful aftef paying the bills xo

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