Feel like your pay doesn’t get you far? You’re not alone. Many people find that they struggle to make it to the end of the month, meaning there’s very little room for savings at the end of it. When was the last time you took a good look at your spending? Some easy cutbacks could be all you need to spend a little less to save a little more.
Take a look at some simple savings to leave you with more at the end of the month.
Have more car-free days
If most of your monthly spending goes on car payments and petrol, then perhaps it’s time you left your car at home some days. Walking or cycling are good ways to stay healthy and help the environment, and you’ll certainly start seeing a difference in your bank balance. If you live near some of your work colleagues, you could also try carpooling to help save even more money.
Reduce your mobile phone bill
Mobile phones might feel like a necessity, but they are a luxury at the end of the day – and an expensive one at that. You could save a lot each month by shifting to a sim-only contract or reducing your tariff down. This here will also tell you more about refurbished phones and whether or not they’re right for you. If you go over your minutes, texts and data each month, you might want to think about purchasing an add-on pack to see if that helps reduce your overall spending.
Save on your grocery spend
Your food shop can be another big drain on your monthly spend, and chances are you waste a lot of it too! You can save quite a lot on your food shopping by doing it online, as you can set yourself a fixed amount and easily make changes as you go along. You can also see all of the special offers in one place, which makes it easier to find some good bargains. Meat can be one of the most expensive items in your food shop, so try going meat-free a couple of days a week or take a look at some tips on how to save money on meat.
Go on, ditch the gym
The gym is another luxury you can cut to help you stretch your income further – especially if you don’t use it as much as you should. There are some easy ways to workout at home that will help you lose weight and tone up, and you don’t even need equipment to make it happen. Check out The Body Coach for some excellent 20/25-minute workouts that will build up a sweat and get you fit in no time.
Making simple savings is the best approach to alter your spending and leave you with more money at the end of the month. Having money left over will allow you to save more money for yourself, helping you to work towards bigger goals like saving for a house or your retirement. How will you make simple savings? Start today and see how much you can save.