Do you find yourself looking down into an empty wallet whilst trying to pay for groceries wondering how could you have run out of money for the week…again?? Well then you’re in luck because today I’m going to give you a few ideas on how you can stop wasting money so you have the cash there for the important things! and hey you could even end up never having to look at an empty purse ever again! So let’s begin!
- Set Goals: Get out a good ole fashioned notebook and pen and jot down financial goals you have for yourself. Saving for a new car? Saving up for an emergency fund? Once you have clear goals set in place and a system in order to reach those goals I.e. Saving €20 a week for 4months then all of a sudden you understand the worth of €20. Instead of paying for a dominoes mega deal with cookies (lush btw) you could buy a cheaper frozen pizza and that’s your €20 saved for that week.
- Meal Plan: Yes I’m at it again. Meal planning is by far thee most dramatic change you’ll see in your spending if you put it into practice. Forever I had loaves of bread go out of date, that I hadn’t even opened yet. I’ve found the best way to not let food go mouldy is simply planning ahead and knowing that you WILL use it. If you know your menu for the week ahead then you don’t even have to think about what you need to buy at the shops, you have a specific list on hand and that will help you avoid buying food that ultimately you don’t need and will end up being wasted.
- Ice Ice Baby: In addition to meal planning, I also like to plan how much I am going to cook. Sometimes if I’m going to be making a stew or soup or anything I know can be easily frozen I’ll purposefully buy enough so I can eat half and freeze the other half of the meal. It means next week I have one less day to worry about! My next big spend will hopefully be on a bigger freezer, that way I can try going pro with freezer meals (there are some amazing Pinterest posts on learning how to cook in bulk and live off freezer meals for up to whole a month!).
- Cable TV: Now this one would be a lot easier for me to commit to if Impractical Jokers wasn’t on TV (It’s a monday night tradition). Other than that I could very easily give up cable TV, and eventually one of these days I’ll convince my husband. There are other great alternatives out there like Netflix (I literally watched the whole of season 6 PLL in two days, I’m a real binge watcher). You could be saving up to €1000 a year depending how much you pay for your cable monthly and also you’ll be watching less TV and focussing on using your time doing something probably more productive so it’s a win win!
- Gym Memberships: Now this really depends on personal situation. If you use the gym like more than twice a week then yes a gym probably is worth the money you’re paying for it. If you go once a week or more like once a month, is spending up to nearly €100 a month really worth it? Well the answer is no, it isn’t worth it. You don’t need fancy tech machines to be able to exercise, and if you’re only going once a week you’re probably not even really making the most of the expensive heavy weight machines. Buy a bicycle instead, or go jogging, walk up mountains, walk the dog, do home yoga with YouTube videos. It’s easy to exercise without a gym, in fact it’s very easy. So if you’re wasting money on a gym membership, go cancel it…like now…I wasted €90 for two months gym membership (I went once….and that was the day I signed up #neveragain).
- Haircuts: Now I know hairdressers need to make a living but seriously €50 to give me a trim? eh no. Hairdressing is a skill and I’m not saying don’t get your hair cut, all I’m saying is that if you get your hair cut like every three months like you’re apparently supposed to then that money really adds up fast. So why not use groupon to find half price haircuts or there’s always students who need to practice and may even be doing them for free. In between cuts try to keep your hair healthy and condition the ends well to avoid really bad split ends, you could see your amount of visits to the hairdressers decreasing by just doing some basic good hair care.
Now there’s 6 simple ways to cut back on wasted money! But by far the best way to stop wasting money is by tracking it. Learn where all your money is going to! A tenner here and there really adds up so take control and make the most of what you have. If you want to be at peace with your income you have to learn how to live within your means and be content with that!
Hopefully these tips have given you a few ideas to think about and also all you budgeting enthusiasts if you want to hear more tips and tricks that I’ve learnt along the way then you can Subscribe Here! You’ll be updated when a new blog post is out so you’ll be the first to take a sneak peak and also a few more surprises will be coming along you way for you special dedicated followers!