It is that time of year when saving money is more important than ever. Saving money can be difficult, however here are our top tips for saving money throughout the year.
Record Your Expenses
The first step to saving money is figuring out how much you are spending every month. This includes your daily coffee and lunch buys. Therefore record your expenses on a spreadsheet or in a notebook. You can then organise the data by categories e.g. household bills, food, entertainment, etc and total each amount. Use your bank statements to make sure that you have included everything.
Find Ways To Cut Your Spending
If you are unable to save as much as you would like, it may be time to think about ways in which you can cut your spending. For example, look at things like non-essentials such as the coffee that you may buy everyday, the meal deals you may buy, dining out, etc, and think about ways that you can spend less on the non-essentials. As well as this, look for ways to save on your fixed monthly expenses such as your mobile phone bill or your car insurance. You can cut back on your spending by looking for free activities to do at the weekend, examining the cost of eating out versus eating at home, wait before you make a purchase, if you have your eye on something i.e. a pair of trainers, a lot of time there will be a sale on where you can save money.
Set Savings Goals
One of the best ways to save money is to set savings goals for yourself. Think about what you want to save for both in the short and long term. Then estimate how much money you may need and how long it will take you to save it.
Cancel Any Unused Subscriptions
Subscriptions can really eat your money. Cancel any unused subscriptions. When people take up a new subscription they tend to find it hard to cancel these subscriptions even if they hardly use them. However, use the money that you would have spent on this subscription and put it into your savings.
Sell Your Unused Items
We all have clutter and clothes that we no longer use or wear. Have you considered selling anything that you don’t use? This will create space in your home and also give you a bit of extra money. If you are decluttering your home, have you considered storage? At Storage Tameside we are one of the cheapest storage companies in Manchester, we do not require a deposit and if you choose to store with us, we can provide you with free packing boxes. If you are interested, get in contact today.
There you have it, our top 5 tips for helping you to save your money. If you are interested in renting a storage unit, contact Storage Tameside and they will find you a storage unit perfect for your needs.