10 Flourish Saving Hints & Tips
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10 FLOURISH SAVING HINTS & TIPS
1. Buy a money box.
You may not have had a money box since you were a child but it is an immediate tool to get cash out of spending’s way. Keep a money box in visible spots in your home, office and car. Make sure your money box is not just a decoration – USE IT! You’ll be surprised how quickly your small change all adds up. Dropping coins into a money box gives a feeling of instant satisfaction and when it’s full, take it to the bank and deposit into your savings account.
2. Leave the credit card at home.
Physically remove your credit card from your wallet – if it’s not there you can’t be tempted to buy something you don’t really need with money you don’t actually have.
3. Set a yearly budget.
Break it down to monthly and weekly budgets. Refer to your budget every week and follow it.
4. Create and collect change.
On a daily basis when you shop, pay with notes and don’t count out the correct change. Save any gold coins in a money box, and keep the silver for parking, lunch orders etc. Look for opportunities to get change.
5. Spend Less.
Like the old ‘Eat Less’ diet, try to ‘Spend Less’!
6. Plan Ahead.
Do your weekly grocery shop on Saturday afternoon. The bargains and mark-downs in the last hour at supermarkets offer great value. It’s a good time to buy up meat in bulk. (You'll find some good shopping hints here: 5 Tips to be Supermarket Savvy)
7. Skip one luxury item per day.
Have a coffee at home and go without your takeaway. Take lunch from home. Do without that weekly magazine (not Flourish!). Deposit the money you don’t spend into your home, car of office money boxes straight away.
8. Live within your means.
Self-explanatory and the basis of financial peace.
9. Be creative.
Instead of buying greeting cards, make your own. Buy blank cards from craft shops and embellish them with treasures from around the house – beads, sequins, pretty paper. Get your children involved drawing pictures or cutting and pasting on the front of cards. Build up a collection of home-made cards suitable for birthdays, engagements, birth of baby boys or girls, sympathy and general. As well as saving money, you’ll always have a card when you need one.
10. Keep track of what you spend.
Like writing down everything you eat shows you how much you are actually eating, do the same with every cent you spend. You’ll be amazed at where your money really does go. Use this to see where you can cut back on spending and instead deposit these amounts into your savings account.
Flourishnote: What tips do you have to save money?