Saving for a rainy day? 4 ways you can look after your money and save it

We’d all like a little more money each month. But in today’s financial climate it’s certainly not easy to save for a rainy day and it’s only going to get harder. If you’re isolating at home, you may be feeling a little uncertain about your job security and your future, which is why saving as much money as possible has never been more important.

Whether you’re in between jobs, waiting for your benefits to kick in, how long does it take to get SSDI back pay? (Click the link to find out) if you’re wondering if you’ll have a job to go back to when all this is over, here you’ll find some useful saving tips that will help you make the most out of your current financial situation.

Do you really need new clothes?

We all have our vices and for some of us, spending money on clothes that we don’t need is certainly a habit that needs kicking. Whether you want a new outfit every time you head out with friends, or you like to have several pairs of gym leggings to choose from each day, clothes spending can quickly spiral out of control. Instead of spending money on new clothes, take better care of the ones you have! Consider the following:

  • Having damaged clothing repaired
  • Following the care instructions so they last longer
  • Shop second hand or swap for other items

Food, glorious food

Food takes up a huge chunk of our monthly budget. Saving money on food is easy, but believe it or not, you don’t have to stop eating the things you love to save money. Consider the following ideas:

  • Always shop with a list and a specific budget
  • Never food shop when you’re hungry
  • Create a meal plan for the week
  • Buy ingredients like rice, pasta, chopped tomatoes and sauces in bulk
  • Make freezer friendly meals

Go through your bills

We can all make savings here and there on our utilities and other expenses. Price comparison websites are your friends here. But don’t forget to compare the following:

  • Your broadband
  • Phone package
  • Water, electricity and gas
  • The items on your food bill
  • Your home, contents and car insurance

Sell, sell, sell!

Old clothes, toys, books, games, DVDs and other household items. If you don’t want them, someone else might. So, place these unloved items online and see how much money you could earn.

You may also like

Leave a Reply

Your email address will not be published. Required fields are marked *