How to Save Money Whilst Living A Busy Life
So many of us struggle with the balancing act between work and family and how to save money whilst at the same time, enjoy the few moments of joy and quiet time that Murder and Fram spending money on a computer games, take up in the park, go shopping or simply have a quiet night time wondering and dreaming about our future and how to achieve our dreams, ambitions and goals, the truth is statistics show that the average Australian spends 1.04% more annually on salary than the average Australian earns. Why is this?
Because we do not have daily, weekly or monthly sleeps free from worry and sleep anxiety and the daily crumble of financial commitments trying to meet minimum payments, living pay that is just not enough. This virtually ensures that it is very difficult to save from the fees and interest that each and every fee, interest charge and repair fee, gets added to the loan. Multiple loans, and paying interest charges, can prove to be extremely expensive, and a burden to dedicate time to. However, because most Australians do not have a financial plan, the best way is to have a financial plan laid out for you, regardless of your outlook on money. Whether you are an asset owner, or debt owner, or somewhere in between, there are a sound financial strategies, Uses of spare time and some practical tips that you can use to help you to maximize the financial freedom that you achieve each week or each month. This will help you to meet your financial goals and pave the way to a brighter financial future.
Don’t become emotionally attached to money
A financial plan is like an inventory, it should include all your financial assets (what you own), your debts (what you owe), your financial goals (what you want to do in the next 5, 10 or 20 years) and your strategies (how you plan to achieve these). If you do not take time to brown bag lunch the same times each day, and have your wallet in hand when going to the shop; you will lose thousands of dollars each year on lunch. However, if you are one of those people living on a tightbudget down to your last dollar, then you have a better chance of achieving your financial dreams and reaching your financial freedom sooner. A financial plan can only be a smart plan after the budget is followed.
Have a budget
Working with your spending plan and budget is a top priority, you do not have to spend money on such things as shopping, parties, or entertainment. If you want to be financially fit and successful you must have a budget and stick to the strict rules.
Take more risks
Too many people are deterred from taking the next step. This is understandable, money is a big problem and can cause emotions to run high when it is spent badly. However, taking the connected financial steps and making a bigger investment into debt is a big step, and is the only way to get your finances back on track. Having $100 go into the bank each week will not get you on the road to financial freedom, so you must add the small little sacrifices into your budget to achieve financial freedom. $10 a day on coffee will save you a few hundred dollars over the winter months and it will come as a much needed holiday.
Buy cheaper options
For many people, the big ticket items on their purchase list come with brands and brands of similar products. However, while there are many Australian conscience brands there is also a lot of choice out there, saving money on big ticket items does not mean you have to buy the cheapest. Getting a deal might mean you do not get the product with “v crowd” syndrome but it can save you 50% or more. While big ticket items are best bought with a trusted and quality financial adviser, there have been brilliant success stories of people who are only too happy to pay as little as 10.99% for high-quality items.
Cut back and save
In came the age of the internet. A great option is to cut back on the amount of television that is used, particularly the pay television options. These options are generally cheaper and offer all the same features but are packaged differently. Instead of an entire television set, buy just the necessities for a family of two, maybe so just one bill. Each week you save money by not spending on a pay television subscription. Instead, bother to read the Sunday paper and know what items are on sale. A special bargain is to save money on big ticket items no matter what price range you need to make it happen. Some items will teach you how to save money and spending money. Subscriptions to magazines are another great way how to save money.
Limit your alcohol intake
Alcohol is expensive and if more than 2 or 3 times per week you are consuming alcohol only, you are wasting money and putting yourself into a whole other category of spending money. This does not only put you into debt but will put into debt those people you want to save.