Money matters|| How to save money and not go broke.


As the summer holiday is slowly coming to an end, I’m just home calculating how much money I’ve spent so far, and crying because I know that this coming week is going to be hardddd! Epp me!

Anyway, this post was inspired by my broke self and I decided to start saving again, before school starts..or even during school. If you’re not in school, I think this could help anytime.

So, with that said, here are my tips for saving and not going broke:

1.FIND A MAJOR GOAL THAT YOU WANT TO USE YOUR MONEY FOR –  why do you want to save money??  List out possible things that could help motivate you to save money. E.g if you want to buy a house, a car,or go on a trip in the future. Also, it helps if the goal has a figure around it, for instance €15 , €800 per month. It helps to create a vision of what you plan to achieve in the future.

because without vision, the people perish… 🙂

2.GET REAL WITH YOUR EXPENSES-  Find out where your money goes to the most. (for me I have realized that 70% of my money goes to food. Food, food, food! by the time I have gone out on three €15 dinner dates in a week, that’s €45 in total! -€180 in a month! Spent on just filling my tummy!)

Take a cold, hard look at your expenses and try to work out if what you want to spend your money on is really a necessity, or not. Get a perspective and see where your money really goes to. And I’m sure you’d be able to save yourself from unnecessary spendings.

3. LOOK AT BANK STATEMENTS AND PILE UP RECEIPTS – okay, don’t fill your house up with receipts. lol. But this is for my fellow online shoppers and card “swipers”. you know its somehow ‘sweeter’ and you think the pain is less when you don’t have to count that cash, so you just swipe and swipe till your card is maxed out. Taking a look at your bank statements helps because you can see the hidden charges that some banks take for using your card, or even paying for stuff online. Plus you can control your spendings by regulating the amount of times you swipe that card 😉

4. BUDGET,BUDGET,BUDGET – I know, it sounds boring when you think of budgeting, but this is a very important part of saving money.

Work out all you’re getting in (any form of income). Lay down your important expenses – rent, phone bills, electricity,etc.-what you really have to spend money on…then balance it out and dictate if you’re going to save the rest or spend it. you can  maybe save half of the remains and then spend the rest on miscellaneous on a weekly or monthly basis.. create a great way to make you think of your numbers immediately.

  1. SPREAD YOUR MONEY – If you’ve got people you trust, you can give them some of your money to keep for you. Maybe ask a few friends to hold onto a certain amount of money for a while and you’ll find  out that you’ll have extra money and the end of the period. I know. sweet, right? Or another great way is to open up a lot of savings accounts and get a card for just one out of them, so you know that you have money saved up, and you wont be broke in the end.

6. DON’T TRY TO KEEP UP WITH PEOPLE’S STANDARDS – In the end, don’t spend so much money trying to impress other people.. I know we watch a lot of YouTube and Instagram videos and we wish we could be that lavish, but the truth is that we don’t really know the source of their money.. so lets just stay in our lane and cut our coats according to our sizes eh?

I understand the struggle as students, to even get the money to save in the first place, but its still possible to achieve, with a lot of discipline and patience  🙂

Have a fab week everyone!

Much love, Ash. xx

 


Do you have any other ways you save money? have you had trouble saving money before? Let me know in the comment section below.

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