Written by Harry Croose
"If we fasten our attention on what we have, rather than what we lack, a very little wealth is sufficient."
Saving money, is important part of being a student in particular. Today I will be talking about ’10 ways to save money’ and also how to reduce your current expenses.
These strategies can be a siginificant help to not just sutdents at University, but with absolutely anyone. 🙂
1. Pay Yourself First
As a rule of thumb, you should always pay yourself first. Then you won’t get yourself into trouble with debt, such as credit cards. If you pay yourself first, you will be able to bring awareness to your spending habits.
2. Be Self-Aware of Spending Habits
If you are self-aware of your spending habits. You will be able to see where you are themajority of your funds are going, and also funds going out your account that may not be neccesary.
3. Differentiate your Wants and Needs
Think about the fact that you could just buy anything you wanted. But if we all bought what we wanted – we wouldn’t have much money.- if not any at all. The key here is to think about what you NEED to pay. For example, Car Insurance, House Insurance, Rent and Food. Then what you are paying because you WANT it not because you need it. For example, a Netflix Subscription, that extra dominos pizza or even that audible subscription. Cancelling a few subscriptions or buying some alternatives Can be a real big help to you.
4. Create a Table for your Financial Expenses
Creating a table for your financial expenses is an incredibly awesome idea that I have started using since around a year and a half ago. If you create a complete list on your payable subscriptions, and your one off payments. Tally that in comparison to your Student Loans, and any part-time job work. Then you can budget accordingly to your wants and needs, and you can even calculate how much you would need so you could sae for a car for example or for that Bus Pass you want which is helpful for getting around in the local area.
5. Self Educate Yourself on Finanical Matters.
Self Education in general is a pivital part of someones growth in all matters of life. Especially in financial matters, you can look a books at investments, different prespectives on bugeting and saving money, as wellas autiobiographies from many famous business leaders in the world today. All of this knowledge is bound to give you insight in your own life. Wether you agree or disagre with those views it is important and awesome to do this, becuase then you build upon them and you create a financial philsophy that you can add to and use to help you.
Bonus Point. Look at ways of making more money
We are in a great time in the 21st Century, especially with the online boom there are so many opportunities out there to create projects, bring value to an audence and make a difference to not just your bank account but the world. These are merely a few…
– Web Development
– Online Consulting
– Tutoring
– Provide a Service: e.g. on Fiverr
– Writing
This will allow you to get what you read in theory, into practice. I want YOU, yes I am looking at you! To have a successful and happy and prosperous life! I hope these points on ‘4 ways to make you money; has helped you! They will likely be more post on finance in the future with more additional points to help YOU.
Until the Next Blog Post! Take Care and Look after yourself!! All the best.
Kind Regards,
Harry Croose. 🙂
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