How to save money AND live life to the full right now (It IS possible!)

Published on July 16th, 2013 by Andrew McBay.

If you’re anything like most people who bring home the coin, you want to enjoy some of that and put a smile on your face. (Why shouldn’t you, you’ve worked hard enough for it) But when you’ve got to make sure your family’s needs are taken care of first, both now and in the future, there’s often not much left over to play with.

Most of us try to save money by looking for savings on big purchases and trimming on large expenses. But what about the day-to-day seemingly inconsequential expenses? Those are the dollars and cents that really add up at the end of the month. Could you be spending more than you need to dollar by dollar? Is there more scope for saving than you think? The answer’s probably yes.

It can be difficult to see the wood for the trees when you’re caught up in the routines of day to day family life, but small savings here and there can make a real difference, not only to your future lifestyle, but your present one too.

Wouldn’t it be nice to get that golf club membership you’ve been dreaming about, or that campervan for fun weekend getaways with the family through the good work of prudent money management?

Then take a look at our top saving tips for the beginner below.

Change the way you spend today and you could change your lifestyle for the better        

10 simple ways save some cash

1. Pay your bills by direct debit (avoid late fees & hassle!)
2. Take a packed lunch to work (save up to $50 a week)
3. Don’t buy on impulse & shop from a list (do you really need that magazine at the till?)
4. Buy secondhand if possible (in this throw-away society secondhand doesn’t mean second rate!)
5. Separate your discretionary spend from Bills & Fuel (know your own limit)
6. Use fee-free ATMs (walk a bit further to the next one if you can!)
7. Cut back on gift spend (choose to just do friends’ kids birthdays not Christmas, or consider giving them some of your time to help out)
8. Use comparison websites (switching phone/electricity/cable providers could save you a packet)
9. Get rid of your landline (use free communication options like Skype, Viber and WhatsApp on your smartphone)
10. Haggle! (Not just at the market; negotiate on anything from mobile phone contracts to energy tariffs)

Change the way you spend today and you really could change your lifestyle for the better.

To find out more about financial management, contact The Money Room today

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