Problems with money are stressful. The less cash you have to
spend on the things that matter to you, the more likely you are to lose sleep
over your malnourished bank account. While learning how to budget and save your
money more effectively can help to eliminate these problems, many people find
the simple act of saving to be stressful too.
The reason that people end up being overwhelmed
by their budget is that they don’t know how to use it properly. It’s easy
to assume that the only way to save cash is to stop yourself from buying the
things that you want and place endless restrictions on yourself. However, the
truth is that saving doesn’t have to be as daunting as it seems.
Try these creative and stress-free ways of managing your
cash.
<h2 1.
Use the 30-Day Rules for
Big Purchases
If you know that you’re the kind of person who frequently
spends money on things without thinking, then you need a way to overcome this habit.
One option is to force yourself to take 30 days to make any huge decision.
While that might sound like a lot of time, remember that you don’t need to take
30 days every time you want to buy something like a packet of crisps or an
extra chocolate bar from the shop. Instead, use this method when you’re going
to buy something like a television, or when you’re thinking of taking out a new loan.
If 30 days means that you’ll end up not being able to take
advantage of a sale or discount, make sure you give yourself at least 24 hours.
You should be able to sleep on any significant decision.
<h2 2.
Prepare Meals in Advance
If you find yourself constantly calling into Greggs or
McDonalds on the way to work because you’ve forgotten to bring a packed lunch
with you, then you could be spending a fortune on food that isn’t great for you
in the long-term. An easy and stress-free way to cut the costs without using
too much of your spare time is to prepare all the meals you’re going to need
for the week in advance.
On a Sunday afternoon, dedicate ten minutes to preparing the
meals you want for your lunch. It doesn’t take long to make five portions of
pasta salad, or 5 wraps to see you through until the next weekend. You could
end up saving a lot of money over the course of the year.
<h2 3.
Keep the Change
Sick and tired of not being able to save enough money into your
emergency account? Try making every penny count. Rather than telling
yourself that you spent $8.50 one day on something that you bought at work,
mark it off as $10 out of your spending money. Whatever you’re left with at the
end of the month from rounding your purchases up, you can put aside into your
savings.
This might not give you a considerable amount of extra money
to work with every month, but it’s a great way to make sure that you’re
boosting your savings whenever you can. You may even find that you reach your
targets faster this way.
<h2 4.
Be Creative with Gifts
Gifts are one of those things that we all tell ourselves
that we need to pay for. However, it can be easy to get carried away with big
items for your friends and members of your family. Although a lovely gift can
be a wonderful way to show your generosity, don’t put yourself in debt just
because you want to give your friends something nice.
If you’re starting to prepare for Christmas and the winter
holidays now, think about how you can creatively save some cash and give
something meaningful too. For instance, you could learn how to make candles or
homemade bath bombs!
<h2 5.
Keep Track of your Finances
Finally, it’s tough to make a real difference to your
finances when you don’t know what you’ve got going into and out of your bank
account each month. Whether you’re writing notes on a piece of paper or
tracking everything with a smartphone app, make sure that you have a reliable
way to track your expenses.
Tracking your expenses will help you to see what kind of
progress you’re making when it comes to things like reaching your financial
goals and paying off your loans. It should also highlight the areas where you
have the most trouble with your spending.
