How to SAVE your money in 2020!
Hi everyone I hope you are well, wherever you are in the world.
I am very aware that I haven’t blogged in a while. The true reason is because I have been very busy with work and other things within my life. I hope that is OK.
So in my blog coming back… I thought I would give my tips and advice about how to save money in 2020, as I know in the few months coming into the new year a lot of people don’t have much money if at all.
SO lets get on with it:
So my first way to save money in 2020 is too..
LOOK AT YOUR OUTGOINGS AND EXPENDITURE
What I mean by this is to have a look at all of your bank statements and highlight all of your income and expenditure to identify what is going and coming into your bank each month. BECAUSE once you know this then it will be easier because you will know about the areas that you could cut down spending money in & that money that you could potentially save could go into your SAVINGS!
My second way is too..
CREATE A BUDGET
This is a crucial way to understand and identify where your money is going each month because YOU can categorize the elements of your spending such as SHOPPING & FOOD and you can give yourself an amount that you wish to spend on that certain thing such as allocating £50 a month for clothes shopping for example. & that is the great thing about creating a budget because you are then able to manage your money more effectively so then you will have potentially more money left over to SAVE!
& So on..
SELLING OLD CLOTHING
This is a great way to gain more income so then you can ultimately SAVE more money because selling any old clothing is not only good for you financially but it is also good for the environment because you are reusing and recycling! Win win. You can sell on EBAY & DEPOP to name a couple. ( I am sorry but I don’t know any selling sites for other countries)
SET UP A STANDING ORDER FOR YOUR SAVINGS
This is also a great way of how you can save some money each month. BECAUSE the standing order acts like a direct debit for other bills. & because of that it means that you can save without even thinking about doing!
I hope this has helped!
MONEY MINDSET IS ESSENTIAL!