Financial New Year’s Resolutions You Might Actually Keep
Haven’t made your new year’s resolutions yet? It’s never too late – you can start the year off right by evaluating your financial health and setting easy, but impactful goals.
Use a Piggy Bank
This might not sound like the most sophisticated financial resolution; however, it can be a good place to start – and an easy way to begin saving money. Get a cheap piggy bank and start putting ALL of your coins into it: don’t open it until it’s full. You might be pleasantly surprised when you discover how much money you have managed to save just by putting a coin or two away on a regular basis – just another proof that every cent counts.
Think Twice Before Buying
Before deciding to buy something, think – do you WANT or actually NEED it? How many times will you use it? If it’s an item of clothing, try using the $1 per wear rule – for example, if it cost $50 dollars, you need to be sure you will wear it at least 50 times to justify purchasing it. And also, absolutely no buying clothes that will fit you once you lose those 5/10/20kgs you really want to get rid of.
Eliminate Wasteful Spending
This is closely related to the previous point. Pay attention to the small purchases – every takeaway coffee, a weekly magazine, lunch you could have made at home but instead decided to buy – these are some of the reasons you may not be able to afford the big purchases you would actually notice.
Write Grocery Lists
Don’t think that you will save money by going to the supermarket just because that may be cheaper that getting a takeaway – not if you end up buying extra stuff you don’t need! Make writing grocery lists a rule and stick to it while shopping – or try grocery shopping online (saves you time too)!
Don’t Count Buying Items on Sale as Saving
No matter how much the price is reduced, you’re still spending money, not saving it.Of course, there are other little things you could start doing today to get started on the path toward achieving your financial goals. However, if you need a cash loan to pay for an unexpected expense, consider talking to Payday Advance about our payday service.