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TIPS TO SAVING AND BALLING ON A BUDGET

Are you already making plans for 2019? Ready to get your finances in check for the new year? We’ve got you covered on tips to help save money and ball on a budget in 2019.

No more making excuses and splurging unnecessarily, time to boss up and make them coins like a pro! Here are few tips to help do just that in the new year;

SET A FIXED BUDGET

Setting a fixed monthly budget will help curtail impulsive buying and overspending. Start by writing down a list of your monthly expenses and also noting down your sources of income. Set a realistic budget and stick to it as this will help improve your financial accountability.

SAVE 25% OF YOUR INCOME 

After setting a fixed budget, put aside up to 25% of your monthly income aside as savings. The art of saving is a culture that needs to become a way of life. Open a fixed deposit account and set a monthly standing order to ensure you don’t get carried away and forget to save.

SHOP DISCOUNTED ITEMS

Never be shy to shop discounted products on sale. Save most of your bulk shopping towards notable sale periods like Easter, Christmas, Black Friday and others. Why pay full price when you can get the same item for less? Tap into this discount scheme and start saving.

GET A SIDE HUSTLE

One source of income isn’t always enough to get you through. A side hustle will help you earn extra cash soo whether freelance photography,  makeup services or any other hobby, there are various ways to make money on the side and increase your income.

SPLIT BILLS WITH FRIENDS

Another way to save money is by sharing bills with friends when out. Whether it’s a taxify ride, night out drinks or festival tab, find a way to save money by splitting the bill with your friends and this would help take the pressure off your finances.