Recently, something I have Realised is how much I enjoy money management. This is such an important thing to do sometimes not to mention a skill you need in your life because money is the most necessary thing we need - It’s what we use to survive. Everything comes back to money.
Money Management is a skill that we should all have - it shouldn’t be something you shy away from just because you think you spend too much or cant do. i’ve always been sensible about my money, the older I’m getting the more I’m realising what more I need to do, I want to go out and buy things buf need to make sacralises and save so I can. There are so many approaches to this so I though I would share my tips and tricks I use to earn, save and spend money!
Similarly to this, i have done a post on How to save money and Little tips and tricks to save money
which follows alike for more information!
BUDGETTING
The first thing I always need to do is the budgeting. It’s the first place to start when you get any money in - wether it’s a wage or just an odd bit in. I’ve realise you need to be realistic and give yourself enough money to get though. You don’t need to save everything - just some! I was leaving myself short when I started saving but it’s no good so I’ve got a perfect balance going now.
When I put my money into my savings, I separate some of it. I keep tabs of how much I’ve got in each and add a set amount each month. To help track my savings, I use the app Yolt. This syncs my internet banking so I can see how much I’m spending each month and put it into catagories. The app is free and has so many helpful features - guides, ways you can put actions yourself in to help track, save and budget. It’s my favourite out of the ones I’ve tried and is such a huge help for me.
Another way I am trying to budget is thinking before I spend. It’s the little things that add up, you just don’t realise it! I was spending so much money on food and drinks, but didn’t even realise it. I’ve started to always bring snacks instead of buying food ouy and about. It saves so much money having them with you instead of singularly buying at a corner shop. If you don’t bring a drink with you - try buy it from pound shop if there’s one close as even though you are still spending, it’ll save.
SAVING TIPS
Saving money isn’t always about not spending money, it can be about spending smartly too. There’s always some ways save money when you’re shopping for anything, it’s just all about looking for then. I know I struggle sometimes with saving but once you really get the hang of it.
Spending smartly is something really with looking into it might take a while to do sometimes but every everything you save helps. If you want to buy something see if it’s cheaper anywhere else! Anything down to toothpaste shampoo or deodorant since they are sold also widely you can check supermarkets, boots or Superdrug and even pound shops. If you if you look to save on everyday things like this you will really see the difference at the end of the month. I’ve found if buying drinks out of the house, go to the poundshop is always a go to for me as our affordable.
When it comes to saving money something you should not waste it on for certain is coffee. Buying coffee out of the house is one of the biggest money waste. My best tip is bringing a reusable coffee mug with coffee from home out will save so much eventually. I personally disagree with buying coffee out as I think its a killer of the bank.
Discounts are the biggest money saver. If you are a student you should have UNiDAYs already but you can always search codes up online. I find twitter is a good place to do this. There are always discount codes on for places so more often then not having a look can lead to finding them, and just saving the few pounds can make a difference.
EARNING MONEY FROM HOME
We can focus on saving money, but a vital part can also be earning it. There are so many ways you can earn money from home and at the minute I am trying to utilise it. I feel like now is a better time then ever doing this. The best way i find to earn money is Depop! I sell my old clothes or things I don’t want. I love this as its so easy & convenient to list and sell all my things on i love it. As of today I’ve sold 100 items in a mixture of clothes, shoes and makeup. I would recommend Depop to anyone as it also is a way to kill fast fashion!!
I don’t do this one as much but another way to earn money is taking part in market research. My mum and her friends do this. They sign up to be a part of market research groups and they get told about market research is needed and have to fit a specific criteria to take part. This usually happens a few times a month and can be between £50-£100 which may help if you get this. You can find these groups all over - on Facebook or just online!
This is not the quickest way to buildup money, but if you leave it to build up over a period time, it can be worth it. I’ve been using quidco since the start of the year and I love it! This enables you to get cashback when you order things online so you got through the quidco website and depending on how much the site gets you will in percentage of cashback of your order! You do have to wait until it’s paid by back the business, Eventually you will get it and I think it’s so worth it. I have just done the £30 in mine and I started it at the beginning of the year I’ve got my mum onto it and we love it! It’s more of a long-term process but at the end of the day you still get the money.
There are so many ways out there that work for everyone - what you might use might work for me, but not for me. Everyone has there own ways and you don’t need to follow a set structure - you just need to find your own way
Bailey ♡xx
Money Management is a skill that we should all have - it shouldn’t be something you shy away from just because you think you spend too much or cant do. i’ve always been sensible about my money, the older I’m getting the more I’m realising what more I need to do, I want to go out and buy things buf need to make sacralises and save so I can. There are so many approaches to this so I though I would share my tips and tricks I use to earn, save and spend money!
Similarly to this, i have done a post on How to save money and Little tips and tricks to save money
which follows alike for more information!
BUDGETTING
The first thing I always need to do is the budgeting. It’s the first place to start when you get any money in - wether it’s a wage or just an odd bit in. I’ve realise you need to be realistic and give yourself enough money to get though. You don’t need to save everything - just some! I was leaving myself short when I started saving but it’s no good so I’ve got a perfect balance going now.
When I put my money into my savings, I separate some of it. I keep tabs of how much I’ve got in each and add a set amount each month. To help track my savings, I use the app Yolt. This syncs my internet banking so I can see how much I’m spending each month and put it into catagories. The app is free and has so many helpful features - guides, ways you can put actions yourself in to help track, save and budget. It’s my favourite out of the ones I’ve tried and is such a huge help for me.
Another way I am trying to budget is thinking before I spend. It’s the little things that add up, you just don’t realise it! I was spending so much money on food and drinks, but didn’t even realise it. I’ve started to always bring snacks instead of buying food ouy and about. It saves so much money having them with you instead of singularly buying at a corner shop. If you don’t bring a drink with you - try buy it from pound shop if there’s one close as even though you are still spending, it’ll save.
SAVING TIPS
Saving money isn’t always about not spending money, it can be about spending smartly too. There’s always some ways save money when you’re shopping for anything, it’s just all about looking for then. I know I struggle sometimes with saving but once you really get the hang of it.
Spending smartly is something really with looking into it might take a while to do sometimes but every everything you save helps. If you want to buy something see if it’s cheaper anywhere else! Anything down to toothpaste shampoo or deodorant since they are sold also widely you can check supermarkets, boots or Superdrug and even pound shops. If you if you look to save on everyday things like this you will really see the difference at the end of the month. I’ve found if buying drinks out of the house, go to the poundshop is always a go to for me as our affordable.
When it comes to saving money something you should not waste it on for certain is coffee. Buying coffee out of the house is one of the biggest money waste. My best tip is bringing a reusable coffee mug with coffee from home out will save so much eventually. I personally disagree with buying coffee out as I think its a killer of the bank.
Discounts are the biggest money saver. If you are a student you should have UNiDAYs already but you can always search codes up online. I find twitter is a good place to do this. There are always discount codes on for places so more often then not having a look can lead to finding them, and just saving the few pounds can make a difference.
EARNING MONEY FROM HOME
We can focus on saving money, but a vital part can also be earning it. There are so many ways you can earn money from home and at the minute I am trying to utilise it. I feel like now is a better time then ever doing this. The best way i find to earn money is Depop! I sell my old clothes or things I don’t want. I love this as its so easy & convenient to list and sell all my things on i love it. As of today I’ve sold 100 items in a mixture of clothes, shoes and makeup. I would recommend Depop to anyone as it also is a way to kill fast fashion!!
I don’t do this one as much but another way to earn money is taking part in market research. My mum and her friends do this. They sign up to be a part of market research groups and they get told about market research is needed and have to fit a specific criteria to take part. This usually happens a few times a month and can be between £50-£100 which may help if you get this. You can find these groups all over - on Facebook or just online!
This is not the quickest way to buildup money, but if you leave it to build up over a period time, it can be worth it. I’ve been using quidco since the start of the year and I love it! This enables you to get cashback when you order things online so you got through the quidco website and depending on how much the site gets you will in percentage of cashback of your order! You do have to wait until it’s paid by back the business, Eventually you will get it and I think it’s so worth it. I have just done the £30 in mine and I started it at the beginning of the year I’ve got my mum onto it and we love it! It’s more of a long-term process but at the end of the day you still get the money.
There are so many ways out there that work for everyone - what you might use might work for me, but not for me. Everyone has there own ways and you don’t need to follow a set structure - you just need to find your own way
Bailey ♡xx