Most of us stress about money. Especially when it’s getting close to the end of the month and you have no money to enjoy yourself with or to cover those last-minute expenses. Sadly, many of us are seemingly stuck in an endless cycle of getting paid and then watching our money dwindle into nothing by the end of the month. It’s depressing, to say the least. But, it doesn’t have to be this way!
By managing your money a little better, you’ll be able to have a little more financial breathing room by the end of each month, and still be able to enjoy yourself and cover all the bills you need to pay for. Here we’ll look at how you can make your money go further this month.
If you have any savings, there’s little point having it stuffed under a mattress, or sitting in a dusty savings account where it does nothing. If you want to make your extra cash go further then check out a stocks and shares ISA. ISAs are brilliant investments because your savings actually work hard for you, accruing interest and not accumulating tax! You don’t need much to get started, and anything you can place in your ISA is the perfect foundation for a house deposit, holiday fund or rainy-day reserve.
Avoid using your credit card
Do you find yourself reaching for your credit card to make it to the end of the month? It’s normal for many people, however, using your credit card to help pay bills or pay for groceries can lead you into a never-ending circle of debt. A credit card should only be used as a last resort and paid off instantly. If you can afford to hold off, do so.
Shop around for everything!
There are cheaper alternatives for everything. And these days a cheaper price doesn’t always mean lower quality. Food and medicines can be bought at discount supermarkets, even electrical items or phone contracts. Shop around thoroughly!
After-work drinks are great! But three times a week? Your finances are going to suffer. Saying no once in a while will help keep you in control of your money. So, say no to that new pair of shoes, or that morning coffee, opt for a night in rather than a night out and you’ll soon see a marked improvement in your bank balance.
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