Let's connect, follow me here:Follow @nnonimay Pinterest Contact NM
*This post may contain affiliate links.
And don't forget to share this post down below!
Saving money has to be one of the most unnatural things any of us have down since we flew abroad (flying is pretty unnatural as far as we are concerned). In fact, we met someone last week who had gone as far as hypnotism to trick himself in his search to become better at saving money, which is pretty extreme. Luckily for you, there are some less intense and far-fetched ways of improving your self-discipline that will ensure you aren’t always struggling at the end of the month, and aren’t always so broke-broke. So, smile and read on.
If you like reading this article, you might also like:
- – How to use Teachable for free to host your online course, membership site or more
- – Making money with affiliate marketing (as a blogger or without a blog!)
- – The Complete Guide To: making money blogging when you have a small following
- – 50+ online income streams to make extra income online from home (to pay off debt)
- – 4 simple steps to starting a WordPress blog from scratch if you have zero technical knowledge
- – The tools I use to run my 5-figure automated business and blog.
- – Mailchimp vs Convertkit: growing your list to 5000+ and which one is better (and free?!)
- – How to use Tailwind Tribes to grow your blog and traffic on autopilot
- – The ultimate list 40 ways to promote your content: free guide content promotion tools
- – Free email course: A Media Kit That Sells to pitch to press and sponsor and become a professional blogger.
- – How to use Convertkit as a PR tool to automate the heck out of your PR strategy
- – Boardbooster vs Tailwind + 3 more tools to schedule and automate your Pinterest
- – A breakdown, the real costs of running a successful business and blog
What is your actual income?
No, this doesn’t mean what you earn after income tax, or after you’ve had another student loan installment get sucked out, or national insurance or whatever. We’re talking about what your income is after you add up all your monthly expenses, the stuff you know you have to pay. These are things like rent or mortgage, phone bill, cable bills, average water and electricity, council tax, fuel or travel; those sorts of things. Once you have done these sums, you’ll have a better idea of exactly how much you are left with, and then you can work out how much you can save. If you’ve got a few hundred bucks leftover, why not put a hundred of that into savings each month, maybe even a bit more.
Employ A Pro
Yup, we’re talking about taking your head out of the sand, leaving the house and talking to a tax prep expert. Yes, this will come with a cost, but chances are they will be able to save you money each year too. This is especially true if you are self-employed, or a freelancer. They will be able to talk you through all sorts of tax deductions you never knew existed, and those can account for hundreds each year, at least.
Save A Little
Don’t be fooled, and don’t fool yourself; just because you may not be able to save a lot doesn’t mean you shouldn’t be saving at all. Sure it would be nice to put aside $500 every month, but most of us can’t. However, even $10 a week will add up to $520 a year, that sounds good huh. Well imagine if you save on eating out once a week and put $40 away. That’s over $2000 a year. Wowzer. But let’s talk long-term now. Et’s say you are 25 years old and can put $3000 aside each year for a decade. If that was in savings account with 8% interest, by the time you are 65 you could have almost half a million as a retirement fund. Now that is a big number.
Cut Out The Luxury
We don’t mean become a total recluse that eats nothing but cuppa soups. We just mean find those real luxuries that you could probably skip buying. Take coffee from Costa, for example. Stop buying it, especially if you buy it every day of the week. That’s probably about $100 bucks a month you are saving right there. Couple that with your cable package. Now put that into savings and you are laughing all the way to the bank.
I perfected a lot of my money strategies and routines after doing this course from my money mindset coach. She offers a ton of free content on her blog and website, from webinars to meditations to help you grow your income.She helps women release their fear of money, set premium prices for their services and take back control over their finances. You know that icky feeling in your belly when someone asks you to work for free? Or the baffling procrastination of sending out an invoice to a potential client? Or the fact that your income has stagnated… she’s here to help you break through! Learn more about her here.
And say hello on Instagram or Snapchat
Subscribe to my Newsletter HERE
Follow me & my blog:
Visit noni's profile on Pinterest.
Shop my current favorites:
seamless style="border: 0;">
Most useful blog posts to grow your biz + blog
Travel Advice & Digital Nomad lifestyle
- The best online privacy tools for staying secure while traveling (and at home!)
- Travel apps every world traveller needs
- Latte & laptops –my favourite 5 work places with free wifi around the world
- Use these 9 Habits of highly productive people to stay productive while travelling
- My carry-on long-haul flight essentials