5 Tips to Save More Money and Make Your Bank Balance Happy

in #finance3 years ago

We all want a happy bank balance, but it’s not always easy to keep it that way. With rising living costs and stagnant wages, many of us are struggling to make ends meet. But thankfully there are some simple ways you can save money and improve your bank balance without sacrificing the things you love.
If you're reading this article, chances are you're feeling the strain on your bank balance right now. Everyone has expensive periods from time to time; unexpected expenses like car repairs or tuition fees can come up at any time and throw even the best of us into debt. But with a little forward planning and some careful attention to your finances, those painful periods can become much less frequent.

. Get inventive with food to cut down on waste.

Consider how much food you may be wasting in addition to making a shopping list. Is there any way you could cut down on this waste?

We all know that the best banana bread is made with overripe bananas, but get creative with your other foods. Bread crumbs can be made from the remaining pieces of stale bread and frozen. You can freeze your wilted spinach and use it in a smoothie later. Trim your soft carrots and place them in a glass of water until they become crisp.

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. Only make one purchase.

When you're trying to save every penny, it's tempting to merely follow the price tag. Isn't it true that less expensive is better? Not always, to be sure.

It might undoubtedly be worth it to invest a bit more on something that will last for everyday essentials. A $100 frying pan is preferable to three $40 frying pans that constantly break. Do your homework, and don't be afraid to splurge a little in the near term to save money in the long run.

. Take a look at your subscriptions.

Aren't we all guilty of glancing at a new movie subscription service or nice new App, seeing $9.99 per month, and thinking to ourselves, "hmm, that's not terrible!"

Then, before we know it, 15 of them are being deducted from our account each month, despite the fact that we only utilize a few of these services on a regular basis. Be truthful to yourself.

Examine your subscriptions and determine what you truly require and use. You could also get inventive and talk with your extended family; perhaps you could split the cost of a subscription!

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. Look for inspiration and keep it close at hand.

We understand. When you're facing down the business end of happy hour on a Friday afternoon, it's easy to forget why you're saving. That's why it's a good idea to create a goal and keep a reminder of it nearby.

Do you want to go to Hamilton Island? Or are you putting money aside to renovate your home? Make your phone's lock screen image an inspirational image of your dream. When temptation strikes, small memory aids like these will help you remember your saving aim.

. Reduce the number of small treats.

You don't have to give up your daily cup of coffee, but there may be other minor indulgences you might give up in its place. Saving, in the end, necessitates self-discipline. That doesn't imply you have to live in the woods as a miserable hermit. Rather, you should aim to discover the small extravagances that mount up over time and try to reduce them.

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I hope the article has helped you, and don't forget to check out the links in the article to get some extra money.

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