Tuesday, 5 April 2016

Top 5 Saving Tips

 The time in my life has finally come where I need to be seriously saving. I'm in a stable job, and I'd like to buy a house so saving is high on my priorities at the moment. It's going quite well so far, so fingers crossed for this saving stint to continue successfully! Getting used to saving can be quite challenging initially, but as I've finally got the hang of it, I thought I'd share my top tips, as a subtle reminder to myself, and to maybe help someone else out.

Be Realistic

 Saving is not the most exciting thing on the planet, but being realistic will help it feel much less like a chore, and so much more like a habit. I set myself a decent amount to save monthly, with some scope to save more if I can (which I've actually done every month!). If you make it a realistic amount, then you can work with it. Some months I'll save almost double my target, and other months I've been able to pay for things like my trip to Amsterdam in April. I think the key to saving it to make sure you don't feel like you are missing out.

Secret Saving

 Once you hit a certain age, you realise that you will pretty much have to include some element of saving for the rest of your life. Whether that is budgeting, or properly saving, it will have to be done. By having money banks that you slip the odd note into, or put all spare pounds and pennies in, the money will quickly add up. You almost forget that you have been saving there, and that will be a great surprise for you when you finally realise how much you have in it.

Planning for the Future

 It's sort of linked to the point above, in the sense that you will need savings in the many years to come, so why not start now. I've already started popping a bit of money into a pension so that when the time comes, I'll be doing alright for myself, and I won't need to panic. It doesn't have to be much at all, but every little does help. Your future elderly self will thank your youthful genius for thinking ahead and planning things so you can truly live life to the full, to the end.

Question Yourself

 "Do I really need it? Will I wear it? Do I actually even like it, or am I just drawn to it because it's such a bargain?". Questioning everything you buy will be a great way to realise that actually, most of the time you don't really NEED those Topshop shoes, despite them being an absolute steal. Getting into this mentality now will only do you favours, and it will be satisfying to know that not only are you saving money, but you are also saving yourself the stress of adding more to your floordrobe. (I'm definitely still working on this one...)

Think of the end goal

 It might suck to feel like you constantly have to save, but the end goal will be so worth it in the end. Whether it is that holiday destination you've wanted to go to for your whole life, or buying your first ever house, it will be such a great feeling knowing you've done it, and you saved for that all by yourself. I can't wait for the satisfaction of knowing my saving has all been worth while.

 Hopefully I'll up my saving game even more soon to be able to reach my goals. The way I've been saving at the moment has meant I've still had some spare money to go a little bit crazy so in the next couple of months I'll be looking to cut back and save as much as I can.

What are your top tips for saving? 

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