Monitor your expenses
Make sure that you make a list of the things that you spend your money on. Identify which of these are your needs and wants. That means, you have to prioritize the basic necessities over those that are meant to satisfy your cravings. Like your daily meals and transportation fare versus your daily shopping expenses.
Look for cheaper alternatives
For example if you love coffee, you can skip buying one from a certain coffee shop every morning before going to work. Instead, you can make your coffee at home, put it in a coffee flask and bring it with you to work. Or if you love reading books, like me, you can check out book sales, or borrow a book from your local library instead of buying a new one.
Set a portion of your money for savings
You should keep a certain percentage of your money in the bank for your savings. I personally save 10-20% of my salary every month. However you must make sure that you wouldn’t spend that money for your expenses. The cost of your expenses should only be what’s left from your income after deducting your savings.
Bring home-cooked meals to work
We have to admit that food at work can be quite pricey especially when your workmates invite you to go out for lunch or for a snack. This is the reason why I always bring home cooked meals to work. Aside from the fact that it’s free, I can bring what I really want and eat as much as I want without having to worry about the bills.
Limit your shopping
Try not to shop frequently. Personally, I only shop twice a month, unless I really need to buy something like toiletries and stuff. This helps me avoid spending money on things I don’t really need. I also watch out for sales and discounts whenever I shop. You’ll never know it, but you just might find great steals on these sales.
Make your own gifts
DIY costs a lot less than gifts you can buy at gift shops. Plus it is personalized and the effort that you put into it will surely make the receiver appreciate it a lot more.
Try budget friendly ideas for your date
Going on a date with your partner can sometimes be a bit pricey. You may try a few things together that would never cost you a lot, like biking or a picnic in the park. In fact I have a separate article in which I shared a few suggestions on how to have a romantic date without spending a fortune. You can check it out here.
How about you? How do you manage your money? Do you have tips and suggestions about saving and spending money wisely? Feel free to share them in the comments below.
Thank you so much for your time.