Category Archives: All things money
This year for me is a year to maximise my savings (I pray). Money is important for a lot of useful things so any way to save more money sounds like music to my ears. As such I’ve decided to share some of the tips I’ve tried (and will be trying) to stack up my money.
1. Do NOT buy on impulse – we all know that impulse shopping is a bad idea. We end up buying things we don’t need and will never use on impulse. Give it a few minutes (or longer) consideration before you drop the money.
2. Consider if you really need the item you are purchasing – is it a NECESSITY at this time to get red shoes if you have 2 pairs already? I am guilty of this, especially going to the supermarket and buy food that has appealed to my eyes but was not on my list to buy.
3. Can you get it for a cheaper price somewhere else? Price comparison websites are especially good for this.
4. Consider saving up towards the item you really want – this makes big purchases less impactful. For example you want to buy a £200 bag, it will be easier (or won’t affect your money as much) to save £50 a month for four months rather than take out £200 at one go. It may be when you come to buy the item, it may even be on sale 🙌
5. Cut your coat according to your size – if you are living on a student loan, it likely isn’t wise to spend like a celebrity😂 just stop. If you like the finer things you may need to save or get good looking duplicates.
6. Review your trolley/basket before you pay – when I go shopping (both online and in store) I often pick things without always thinking. Reviewing at the till means you can get rid of the extra stuff you don’t really need. Extra tip – I learnt recently that certain websites may give you an extra discount if they see you have an item in your basket and have not yet paid for it.
7. Remember the store/website you are shopping with are trying to extract as much as they can from your pocket, don’t give it away without a fight! The area around the till is lined with sweets and chocolate you never planned to buy. Always remember the big supermarket bosses don’t care about your budget, it’s your job to.
8. Check out Topcashback – I only just recently found out about this but it is such a great idea. If you are shopping online, all you need to do is to go on the Topcashback website first, then go to your website through them. You earn a percentage back of whatever you purchased. The best part is it doesn’t cost you any extra.🙌
9. Pack a lunch instead of buying one – this is one everyone already knows but when you look at the amount of money you can save, making lunch at home quickly becomes the more economical option.
10. Have a BUGDET- budgets are amazing simply because they allow you to see what money you have coming in and going out. However much you intend to save should be decided at the time you budget, to ensure you can actually afford it. I actually blogged about it here
11. Lock your savings away – this makes them harder to get to which means you’re less likely to spend them in an “emergency”.
Hope you find these tips helpful
Until next time
Memoirs Of A Yoruba Girl