I was known as a saver in our family since my childhood. But for some reason, my reputation had been that of a big spender for quite sometime. It was only a couple of years back when I started to regain more control on my finances.
Especially after the Valentines day, if you had been quite extravagant then you might be a bit strap for cash. Here are some ideas to kick start your savings plan:
1. Set up a direct debit (say £50 or more) from your switch card/current account to be put into your savings. You won’t miss the money since it never shows up in your spending account.
2.Use a piggy bank and place all those loose change in it. You don’t even have to buy one. Just clean an empty plastic jar (used).
3. Bring in your home made lunch at work. Be it a sandwich, pasta/rice meal or anything. It’s cool and a lot of Brits do that too. There’s nothing wrong with it.
4. Set aside half of any cash gifts or anything you didn’t have to earn (with this I didn’t mean stolen). It could be a lottery winnings (if you’re lucky enough). Deposit it into your savings account before you get a chance to spend it.
5. Can you DIY it (Do it yourself)? It could save you big money especially here in England. Make sure you do comply with the relevant laws as well as health and safety regulations. It would help to have one of those DIY book. Also, get some help from friends.
Saving money can be difficult sometimes especially if you have got into the spend, spend, spend habit every payday. You do need to have a good motivation. Think of that nice holiday back home in the Philippines or that lovely tour to the USA. The key thing is to get it started.
Tags: Home and Travel, Money Matters by PinoyUnited
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