♡ How to save money ♡

August 10, 2019

 Money is such a sensitive topic. It’s something we all have and we all need in our lives it plays a vital role in pretty much everything. Everyone deals with it differently; You either spend it or save it. I think it’s really hard this day and age because things are expensive - there’s so much you wanna do just not the funds to afford it.

 Ever since I was younger, I’ve had it drilled into my head I need to save money and it’s what i have  always done. It really helped my parents always telling me it so I’ve saved in so many different ways. I’ve decided to do another post on tips because I think way more people need to take money seriously and save - the rewards are so worth it. I’ve done a similar post to this https://www.baileyleah.com/2018/04/little-tips-tricks-to-save-money.html with ways to save money in different ways but I wanted to go into how to do it more of a ‘literal approach’.


 When it comes to finances, I think you should always keep receipt as you know what you are spending, have proof of you want to send things back and sometimes if covers warrenty / insurance on big purchases so they are important to keep and should be stored.

 One of the most important things to saving is having a balance, whenever you get money you should split it. Wether it’s pay day or you come into something, it’s not worth making yourself go short to put something away. The best thing is to balance it out and see how much you ‘need’ then whatever you gave leftover - you out away to save! I do this with Christmas & birthday money for example - I might get £200 so I’ll keep £50 out to spend, £50 for just regular costs and £100 to save. When I use cash to buy things I end up with so much change.

 Personally I don’t spend my change I just end up gathering it so I have a dedicated ‘change jar’ in my room. I use an Empty Yankee candle jar and I just put any spare change in it and for an occasion (Christmas, festival outfit, travel money) I noticed it getting halfway / full I’ll count it up and bank it. From this I can get £80-£150 which is so much just from spare change and it’s so helpful if I need it for the occasion. I do this and then start again. This is one of my favourite things as it never lets me down like this year I got £92 and it managed to cover all my Leeds fest outfits so we’re starting again and saving for next year now

The biggest thing for saving is keeping it away. A separate account, a jar, a tin - just anything so you can keep it away and not spend it. Another way to go help build up savings is Put a set amount away each week - start with £5 and increase if you can. Just something is better then nothing and you’ll see a build up over time.

 I think if more people realised how easy saving was - they’d do it. In this day and age it’s so hard but it’s really worth trying! To get anywhere in life you need money so always having some saved and stored is such a good idea and one day you’ll thank yourself for doing it

 Bailey ♡ xx

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42 comments

  1. I have learnt a great deal from your post. I am going to cultivate the habit of saving now.

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  2. I love the idea of keeping receipts so you can see what you've spent. I don't do this, but I'm going to start because my money just seems to disappear!

    I also like the idea of a savings jar. I cant believe you've managed to save so much up in just change. Something else I'm going to try :)

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    1. i never looked at it like that either! i think it makes such a difference

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  3. I'm so bad at saving I always spend but thanks for giving some tips. It's definitely one of my goals for the end of the year.

    Cara
    www.caratigerlilli.com

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  4. I love this! I'm really trying to focus more on saving money, so it's always helpful to hear what other people are doing!

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  5. I started using the first method of splitting the money 3 months ago and it helps me a lot .

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  6. I'm terrible at saving money. I like that idea of money in a jar. Maybe I'll get a cute jar and put my money in it to save up. Great tip!

    theblackprincessdiaries.com

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  7. These are such helpful tips! I've always been taught to "spend a little and save a lot" when it comes to payday and it's such valuable advice to carry through to adulthood. xx
    El // Welsh Wanderer

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  8. I definitely need to get back into this habit - I used to be so good at it but I think with contactless payments coming in it's even easier to spend without realising. A friend of mine has started only paying with cash for things and saving her change and she said it's already made a big difference. Thanks for the reminder :)

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  9. Saving money is definitely a bit of a struggle for me. I love the idea of separating savings from spending. It's kind of the out of sight, out of mind approach. It totally makes sense. I haven't touched my piggy bank that sits on my shelf but I can't seem to keep funds in the savings account that is connected to my checking account where I see the money every day.

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  10. I need to get better at saving money! The money jar idea sounds like a great idea.

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  11. I feel our generation are stuck in the constant circle or wanting to save but also wanting to have fun when we're young which is very difficult, but as the saying goes, every little helps! I'll be doing the savings jar/pot idea for sure now x

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  12. I really wish I was more of a saver but I definitely spend more but I’m now changing my habits to save more of my money for the future! X

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  13. These are some really great ideas! I've found Monzo really easy to save with too, because of the way the app works. I also have an empty out Yankee candle which I will be using too x

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  14. Great post! I have a change jar too!! Great tips!

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  15. this year i've been putting away £5 for every book i read and its been v helpful, i've already saved enough for my yearly trip to london :)

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  16. I love these tips on saving money! It is so important that we are mindful about how we spend our money, especially when we have goals we want to meet. I like the idea of the change jar! Thanks for sharing!

    Nancy ♥ exquisitely.me

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  17. Change jars are my life. It makes saving money so much easier for me!

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  18. I love the idea of saving your loose change in a jar! I'm sure it definitely would mount up quickly! x

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  19. It's really hard to save when you sometimes don't have any spare money left after your paycheck comes in - between rent, utilities, other bills, groceries, maintenance on vehicles, transportation costs, etc it can be really hard to find anything left to save...

    And I think that's when it's time to look at what other parts of your spending can be reduced, like taking note of how many subscriptions one pays for but doesn't use, yknow! :)

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