Saturday, 10 March 2018

How To Save More Money


Anyone that knows me well will laugh out loud when they see the title of this post! I am notoriously bad at saving money, and if you asked my parents they'd say 'if we gave her £20 she'd spend £19.99'. I love to shop, and I love to splurge on luxury items. The problem when it comes to me, is that the phrase 'treat yourself', comes into mind far too often. Bad day at work? TREAT YOURSELF. Raining outside? TREAT YOURSELF. It's a Tuesday afternoon? TREAT YOURSELF. It really is a true flaw of mine. However, recent events have shed a light on how much money I waste on irrelevant things, so I decided to get a grip and start saving some pennies. If you don't want to read my mindless ramblings, I have highlighted my money saving tips in pink so you can skip the waffle!

Saving money doesn't have to mean that you literally do not buy anything, EVER. But it does mean that you become a little bit more aware of what is coming out of your bank account, and where the majority of your money goes. For me, most of my money was spent on unnecessary clothing items and makeup. I am a true shopaholic, and even though I have a wardrobe full of lovely clothes, every social occasion required a new outfit. Ridiculous I know. The solution to this is simple: STOP BUYING SO MANY CLOTHES! I started by having a huge wardrobe clear out, and ended up finding items that I had completely forgotten about, that I could re-wear and no one would know whether it was old or new. As for makeup, I am normally a huge snob and really love to wear high end products. For no reason other than the branding. I started to purchase drug store dupes for my much loved luxury items, and saw absolutely no difference in the quality. As I don't wear makeup too often, it tends to last me a long time, so the amount of money I was spending on makeup rapidly decreased. Don't get me wrong, I still love my high end products, but I now only keep them for special occasions, so that they last longer and I don't have to repurchase them as often. 


Food is another thing that I spend a fortune on. My main problem is that I'm not conscious of how much items cost, and tend to buy the most expensive products out there, when there are much cheaper alternatives. I was also buying lunch at Uni most days, as well as splurging on a costa almost every morning. £5 here or there might not seem like a big deal, but at the end of the week it all adds up, and you find yourself wondering where all your money has disappeared to. No, you haven't been a victim of fraud, you're just spending too much on unnecessary items! The first step started with purchasing cheaper alternatives to the food products that I was buying. There is nothing wrong with supermarket own brand products, and they taste exactly the same as the Jamie-Oliver-approved-slap-me-in-the-face-and-call-me-fantastic products. It may only seem like your saving a few pennies, but in the long term it does add up, and your bank balance will thank you for it! Secondly, I started making my lunches at home and bringing them to University, rather than buying jacket potatoes from the students union everyday (god I love jacket potatoes). Bringing in my own lunch has saved me over £25 a week! Finally, I started bringing my own thermos flask full of coffee to Uni, instead of buying costa everyday. £2.50 might not seem like a lot at the time, but not getting it 5 times a week meant I was saving £12.50

One thing I am good at, is budgeting. I may not be very good at saving money, but I am good at not overspending. I've never gone into my overdraft and I've always been good at budgeting my student loan and wages, to last me the year. The most effective way to do this, is work out how much money you have coming in per month, and divide that amount by 4 weeks. So for example if you got £800 a month wages, you would budget yourself at £200 a week in living costs. This is a great way to make sure that you don't over-spend each week. If saving money rather than just overspending is something you want to do, only budget a portion of your weekly wages, and put some aside into a savings accounts. For example, if you again had £200 a week to spend, you might only budget yourself £150 each week, and put £50 aside. This is especially good to do in the run up to Christmas or any major events that you have, as it means you have a little pocket of money set aside for any emergencies. By popping money into a savings account each month, I always manage to be able to buy everyones Christmas presents each year, and not be left with nothing in my account. Also, this year, I managed to save enough money to be able to afford to go on holiday with my boyfriend and dog. This is a big deal for me, as I usually can't afford to pay for things with my part-time wage and minimum loan. 

All this being said, I still think that we should treat ourselves every now and again, but save your pennies for something more special! Resist buying that unnecessary top to save up for a dress for your birthday. Or bring your own lunches and be able to buy a loved one a gift. Put some money aside each week and treat yourself to a weekend away. The possibilities are endless! My money saving journey is just beginning, but it's already giving me so many more opportunities, that before I would have turned down. 
I hope this post has given you a few tips on how to save your money! Give it a try and you bank balance will thank you! 

Lou Katherine x 

4 comments:

  1. I really liked reading this! Lunch is such a sneaky expense - you don't think twice about it because "it's only £4" but at the end of the month it really does add up. I've saved so much since I started taking in my lunch to work everyday.

    Sneha | lifewithsneha.com

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    1. I'm glad you enjoyed the post! Yes it is the little £5 purchases that add up and create the biggest dent in your bank account! its a great tip :)

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  2. I totally hear ya girl, I am exactly the same way when it comes to treat yo self!! I say it FAR too often. Making my lunches at home was a huuge money saver for me and also a v big adjustment. These are all fabulous tips! Great post ♥
    xx J

    https://www.bloglovin.com/blogs/love-forevertwentysomething-19260209

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    1. haha i'm glad it's not only me! We all deserve to treat ourselves every now and again though! Really glad you enjoyed the post girl :) x

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