Would you like to have more money at the end of each month? When you work hard each day, it’s painful to watch your paycheck dwindle towards the end of the month until you’re stretching every penny until payday. Then, the cycle starts all over again. There must be a better way to make your money last longer and go further, right?
The simple answer is yes! Thankfully, there are plenty of ways you can boost your money each month and make your money go further. And with any luck, you’ll be able to save some of your paychecks too! Read on for 6 tips for reducing your monthly spend.
Prioritise your debt
Everyone has a debt of some kind, from student loans to credit cards and even payday loans. Despite the stigma attached and how helpless you might feel sometimes, debt is nothing to be ashamed of. If you’re hoping to reduce your monthly spend each month then prioritising your debts is the most important thing you can do right now. It’s a daunting prospect but companies like Creditfix are the perfect solution for those who want to take back control of their finances and start looking forward to the future. Click the link to find out more.
Cut the cable
Netflix, Prime Video, Apple TV, Hulu and now Disney plus – the number of streaming services available is growing. And when the shows you love are only available on certain platforms you face the inevitable price of multiple subscriptions. It’s not ideal and it’s extremely expensive, especially if you’re paying for other broadband and TV packages! The simple answer here is to cut the cable and remove the services you use the least. If your favourite show is on a mid-season break – cancel your subscription! Or go round to a friend’s house to watch. Stripping back your streaming services will save you a bundle!
Take your lunch to work
Heading out to lunch each day and picking up a sandwich in the deli or supermarket is quick and convenient, but your bank account would disagree! A £5 meal deal each day equates to £25 a week and that’s £125 a month! Instead of buying your lunch each day, make it at home and take it with you. You won’t have to spend most of your lunch break in a queue either.
Get cheaper insurance
Insurance covers everything from your car to your pets, your home to your possessions. Having insurance is important, but you shouldn’t have to pay through the nose for it. Head to a comparison website and find out which policies you could start saving from today!
Shop second hand
Books, clothes, bags and even toys. If you need something new or there’s a birthday coming up instead of buying new, head to online selling sites including Facebook, Craigslist and eBay and see what you can pick up. Better yet, make your own!
Get rid of those memberships
From gyms to online newspapers, magazine subscriptions and subscription boxes! All of these can be removed from your monthly expenses with just one simple click. After a couple of weeks, you won’t miss them!