Monday, July 24, 2017

Where Is All Of Your Money Going?

Cutting out the big costs in your budget is easy. But you might find that you’re still burning money somehow. It isn’t the big expenses that always push your budget up, it’s the secret things that you don’t even consider. All of these tiny expenses add up and can soon throw your financial plans out of the window. If you’re losing money and you don’t know why check that you aren’t doing any of these things.

breakfast.jpeg
Skipping Breakfast

Skipping breakfast might seem like a money saver. You’re paying for one less meal after all. Except, you won’t really be skipping a meal, you’ll still end up buying something to eat on the go because you’re hungry. That means that you actually end up spending more than you would have done if you just had some cereal at home. The same can be said of buying lunch. It doesn’t seem like that much money but when you’re doing it every day, it’ll really add up. Just make something at home and take it with you.  If you get into good spending habits like this, you’ll soon notice the savings.  



coffee.jpeg


Buying Coffee

A coffee is only a few dollars, that can’t be breaking the bank, can it? Not if you buy the occasional cup but if we’re all being honest with ourselves, we’re probably drinking more like two or three a day. That can add up to thousands of dollars a year without you even realizing. It might not be the same as your favorite coffee shop brew, but if you take a flask of coffee that you’ve made at home, your bank balance will thank you.


credit cards.jpeg


Bad Credit Card Deals

When you’re paying off your credit card every month, it doesn’t seem like it will be costing you money. However, if you’ve got a  bad deal then you might be paying a lot more interest than you need to. Get onto a credit card comparison site and see what else is out there. You can find yourself an interest-free deal and if it allows balance transfers, you can shift all of your debt over to the new card and stop paying interest whatsoever.



netflix.jpeg


Unused Subscriptions

We’ve all been guilty of this and it’s very easy to forget that you even signed up for these things, but if you aren’t careful you could end up wasting thousands. TV streaming services are the big one. If you use it a lot then it’s fine, but a lot of the time we stop using these services but forget about the payments. They just get taken out automatically and we think that it’s worth paying in case we need it in future. If you aren’t using it more than once a week or so then it isn’t worth paying for. Another one that people often waste money on is a gym membership. Cancelling it feels like admitting defeat but surely it’s worse to be paying money every month for something that you never use. Either start going to the gym or stop paying for it.

Cutting out these small costs should help you to get your finances in order.

xoxo,
Therese
Be First to Post Comment !
Post a Comment