Practical Ways To Cut Back On Your Wasteful Spending (And Come Out Of It With Savings)

If you regularly struggle to make it to payday without being flat broke, your struggle is all too familiar. You work hard for your money, but what do you have to show for it? It’s easy to live like a king or queen for the first week of the month, but when you’re scraping by towards the end of its – life can be miserable. If this is your lifestyle, the chances are that you’re not saving much money either.

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Meanwhile, putting some savings aside now can benefit your future retirement plans – something that you might not even have thought of at this stage.


Take a look at some of these practical ways to cut back on your wasteful spending to help you boost your savings.

Create a budget you can stick to

Ok, so budgeting isn’t exactly a word that most people like to hear, but it could be the best thing for you if you struggle to manage your money. A budget will help make sure that all of the boring things you need to pay for to live, like your rent, your groceries, and your phone (a modern life essential?) are all covered. Then you can put aside some money for things like your savings, your credit card payments and your other outgoings.


Having a budget doesn’t have to mean you can’t have fun – add some ‘entertainment funds’ to your budget so that you know how much you’re able to spend on nights out, shopping, eating out, etc. Try and adjust it on a monthly basis to factor in birthdays, vacations and anything else that might come up.


One of the biggest money mistakes you should avoid making in your 20s is not saving for emergencies – put something aside in a rainy day fund each month to cover any unexpected bills that might come your way like car payments, health payments – you get it.

Get a money assistant

And just when you thought you were too junior for an assistant… Did you know that there are AI assistants available to help you manage your money? An AI money assistant is like having a parent in front of you whenever you want to spend money. Simply ask it a question like ‘Can I buy a new pair of jeans?’ and you’ll get an answer based on your balance and remaining outgoings. Sometimes you just need someone to say no, and the best AI assistants will help you to spend less.

Invest your money

If your money is already gone before you can spend it, you’re immediately removing your ability to spend money on things you don’t need. Genius, right? If you set up a regular payment to be made to your chosen investment type, you’ll be putting money aside from the sensible way and will have the opportunity to grow your money over time.


Investment experts Miramontes, founded by its president, Sid Miramontes, can advise you on several investments to help you manage your money. This is ideal if you’re self-employed, as it will help you put a retirement plan in place. Whether the goal is to become financially independent by your 40s or to enjoy a great life after retirement, investing is the way to go.

Cut back on your socializing

Didn’t you hear that staying in is the new going out? Cutting back on your socializing is one of the easiest ways for you to save money. Instead of eating out, entertain at home and take it in turns with your friends to host a dinner night. A Netflix subscription is much cheaper than several glasses of wine at a bar during the week, plus you’ll still have something to talk about with others.


There’s a lot of things you can do to socialize without dinner/drinks, so get your thinking cap on and plan some alternative ways to hang out with your friends.

Sleep on it

It’s good advice to sleep on decisions before making a final one, especially when it comes to buying something. Do you really need a new phone or that coat you’ve been eyeing up? Before rushing into any kind of decision, sleep on it and reconsider in the morning.


Getting your act together by cutting back on unnecessary spending will put you in a much better financial position – making it easier to make those savings and improve your money habits. It might take some self-sacrifice and some attitude adjustment, but your future self will thank you.


This entry was posted in Budget.

Enjoy Living For Less



Let’s face it, nobody said that owning a home was going to be cheap. Not only do you have to pay the initial fee for the downpayment, but you then have to pay for all the many bills that follow, as well as basic maintenance, and any repairs that need to be done too. This can understandably get very frustrating, as at times you will feel as though all of your hard earned money is being thrown down the drain. Although it’s completely normal to feel this way, know that you are one of the lucky ones. Sure, it can hurt to look over your bills and see how much money you’re spending, but if this wasn’t the case, then you’d have no roof over your head. So rather than looking at circumstances in a negative light, try and see just how fortunate you actually are.


Most of the time you will always be required to spend money if you want to get the things that you want out of life, but that doesn’t mean that there aren’t little tricks here and there that you can do in order to save more and live for less – you just need to enlighten yourself.


Here are some ideas to get you on the right track.


Create a budget

If you’re starting to worry about your finances, then one of the first things that you should do is make a budget. This means looking through your bank statements and having an in-depth look at everything that goes in, and everything that goes. You then have a real chance to prioritize and cancel any things that you’re paying for that you really don’t need or use.


Change systems

If you live in a hot area where air-conditioning is essential in order to get through the day without melting, then it would be silly to remove the one thing that provides you with a cooling system. Having said that, you may want to take a look at who your provider is, as that makes a whole world of a difference, not only in the price you’re paying but also that job that it’s doing. Companies like Systematic Mechanical Contractors, LLC. give you a system that does an efficient job, while even allowing you to control exactly what room is being cooled, meaning you save money as you aren’t wasting more than you need to.


Find deals

The internet is a place full of knowledge, so take advantage of that and search the web for any deals that you can find. This can be for your grocery shopping, clothes, shoes, appliances, furniture, and whatever else you require. Before you ever make a payment on something that you want to buy, always have a quick look on the web to see whether there are any other places that sell it cheaper or any discount codes that are available. This can be hit and miss at times, but you wouldn’t believe the discounts that you can find if you look hard enough, so make this a habit the next time you’re about to spend your well-earned money.

This entry was posted in Budget.

Own Your Cash: Take Charge of Your Financial Future Right Now

There are a lot of issues that can affect the way we live our lives, as well as the future happiness and security of our families. One of the biggest things you need to think about is money because this plays a big role in helping to improve your way of life and make things more comfortable. You have to make sure you do as much as you can over the years to take better care of your money, and that all starts here and now.



So many people these days suffer from financial problems, and it is important to face these issues and deal with them as much as possible. There plenty of ways of achieving this, and it means there are lots of issues that can affect your money. You need to take steps to make sure you are better placed to deal with these problems, and this can help you achieve greater financial freedom. Check out these ideas to help you take charge of your financial future right now.


Sit Down With a Financial Advisor


The first thing you should do is sit down with a financial advisor and talk about your situation. There are a lot of things you will need to talk about, and figuring out the state of your finances is vital so you know how to proceed in the future. It is always important to get input from somebody who is an expert and knows the deal. You want support and advice, and this is something you can get from financial advisors.


Work Out What Debts You Have


During your conversation, it is so important to work out what debts you have (if any). This is something you have to make sure you sort out as soon as you can because it is useful for figuring out how you are going to proceed. Dealing with this and getting yourself into a debt-free position is absolutely essential for the future. So, you have to make sure you do what you can to work out what your debts are and how to go about clearing them. This is a key part of bossing your money, and one of the most crucial steps a person can take in the process of working toward financial security.


Figure Out How You Can Make Savings


There are a lot of things you need to think about when it comes to getting more financially secure. One of the biggest things you have to think about is what you can do to make more savings and ensure you have some kind of financial safety net to fall back on. There are a lot of reasons why this is important, and the more you can do to accomplish this the less stress you will have. Consider what it takes to make more savings and give yourself a little more breathing space. You can save money on everyday items as long as you are sensible and you plan and prepare. Being a little bit more frugal with your money can actually help it go a long way.



Try to Cut Costs Where Possible


Cutting the costs of day to day spending is also really important as well. There are a lot of things you can do that will make a big impact on your company finances. These days it is important to look at any areas you can trim your expenditure because this can make a big difference. There are so many things you need to consider here, and it is important to ensure you are tightening the purse strings. Cut back on your spending, as well as coming up with ways of reducing the costs of bills too.


Bring in Extra Cash


If you want to make savings and have money put aside, it is important to look at how you can bring in extra cash as well. It is important that you do as much as you can to improve and enhance your financial future, and bringing in extra cash is a big part of that. This might involve working an extra job or finding a way of making money online, something which is easier than ever these days. You should also consider selling your unwanted possessions, and do what you can to bring in any extra cash you can.


Consider Taking Out a Loan


There are a lot of ideas that can help you to be a little more financially comfortable, and one of the best ones is to take out a loan. Now, this is something that may not appeal to everyone, but it is certainly worth looking into. And there are even online installment loans for those who might have bad credit. Loans can be really important for consolidation and make sure you have enough money to make ends meet on a monthly basis. Just make sure you are aware of what is involved when taking out a loan, and how the repayments may impact you.  


Think About Tracking Your Credit Rating


It’s so good to have an idea about how your finances are, and what sort of credit rating you are looking at. This is why you need to make sure you track your credit score and work on improving it. There are a lot of sites that will allow you to do this, but there are also plenty of apps that might come in useful as well. If you can focus on improving and enhancing your credit rating, you are going to be able to do much better financially in the long run.


These are just a few of the factors you are going to need to keep in mind when you decide you want to take charge of your finances. Making the right decisions is so important when you are trying to look after your money, and these are things that play a role in helping you with that. Think about what you can do to get a better handle on your finances, and improve things moving forward.

This entry was posted in Budget.

Need More Room in Your Monthly Budgets? Read On

That feeling of not having enough room left over in your financial budgets can be a really frustrating one. We’ve all been there at one time or another, but there are little things you can do to reduce the chances of this problem striking you over and over again. The sooner you get better at controlling your money better, the sooner you’ll create that extra wriggle room in your monthly financial budgets, so read on to learn more.

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Switch to Smaller Brands


Those big brands often come with big prices, and is it really worth it when you can buy pretty much the same product from a smaller brand at a much lower price? All you’re paying for is the logo, and that probably isn’t an integral part of the thing you’re buying at all. So now is the perfect time for you to make this switch and start saving huge amounts of money every time you go shopping.


Cut Your Excessive Spending


We’re all guilty of excessive spending from time to time. In fact, pretty much everyone buys more than the minimum bare essentials that they need. But if you feel like your excessive spending habits are starting to have a really detrimental impact on your monthly budgets, it could be time to make big cuts.


Start Investing and Growing Your Cash


You’ll have a little more money at your disposal if you invest your cash wisely and make it work for you. There are CMC Markets you can learn about and exploit. Of course, none of this is easy and it takes time to get good at investing, but it’s never too late to start. If you want to improve your financial situation, coming up with an investing strategy is a vital way to start doing it.


Monetize Your Hobbies and Skills


If you have some skills or hobbies that you think you can monetize in one way or another, you should definitely go for it. This is one of the best things you can do from a financial point of view because it gives you a way to boost your income. That little extra money on the side could be all you need to create that bit of extra room in your monthly financial budgets.


Learn to Control Your Impulses Better


Controlling your impulses is one thing that everyone ought to be working on because impulse buying is one of the most common financial problems that people face today. That temptation to buy as soon as you see something you want can be hard to resist, but it all comes down to learning to control those thoughts and emotions when they pop into your head.

It’s not uncommon for people to feel squeezed, but finding more room in your monthly household budgets can be easier than you think. Just a few simple steps in the right direction can make a world of difference to your financial situation going forward, so start working on this right away.

This entry was posted in Budget.

Budgeting For Healthy Habits

Being healthy is something everyone does in their own way. Everyone has a different body and mental state to other people, and because of that there’s never a ‘one size fits all’ solution for someone who’s experiencing some trouble with their health. Not to mention how expensive it can be to try and overhaul your life in this way, which is one of the main reasons people choose quantity over quality when they’re out for groceries.


We’ve touched on this before, but let’s focus on more of the habits each and every one of us have that could improve our lives dramatically if we changed them. And we don’t have to be millionaires in order to do so, nor do we need all the time in the world to properly commit.

Fill up your basket with all kinds of colorful foods, as long as the bulk buying is cheaper than coming back for more later! (Image)


Know How to Shop


A lot of the time the stores we go to to pick up healthy foods at don’t help us out. There’s a lot of psychology surrounding shelf layout and what foods you’re most likely to see at eye level, so let’s break it down a little: when you enter a store, the most expensive and gut rotting products you could buy are put on the middle shelves, right where you can focus on them. So you buy them.


Often enough, that’s not your fault! The store has encouraged you not to look up and down, to make sure you don’t see healthier alternatives! It’s a way for them to make a lot of money off of shoppers, and also why it takes you the entire length of the store to find those oven baked chips with no gluten when the fried variety were right in front of the door!


All in all, make sure you know this tactic, and then go about your shopping business to be in and out in minutes, and with a lower bill on your receipt. Only buy what you want, scan all the shelves for different products, and don’t let yourself fall into walking down the cake aisle on your way to get some Rye bread!


Substitute Your Products


Speaking of different products, if you’re out to save money on becoming healthier, one of the best ways is to try and substitute what you eat and drink with cheaper and/or healthier versions. Something like looking into the perfect e-juice liquids, for example, is a great way to kickback on the money a harmful habit can suck out of your budget! Substitutions work wonders for your piggy bank, and what you buy off brand is usually no different to what you get on brand.


Budgeting to be a bit healthier is going to take some time and effort, but everyone has to start somewhere! Using the tips above, hopefully you’ll have a strong foundation to start your new healthy lifestyle off of, with some great success!

This entry was posted in Budget.

Save Your Business Money With Smart, Green Measures

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If you run a business, either from home or elsewhere, money is what keeps it going. As well as trying to make more money, you’re always trying to find ways to save. It’s also important to be a responsible company and show that you have strong values. If you want to tackle both of these issues at the same time, looking for ways to be a greener business is a great idea. You can save money and show your customers and employees that you care about the environment. There are plenty of things you can do, both big and small.


Reduce Use of Paper and Single-use Materials


Offices can use many different products that are thrown away after one use. A lot of paper is used, and then there’s plastic pens, paper clips and other items that are easily disposable. If you want to reduce your reliance on single-use products, start by digitizing your business instead of relying on paper. Another thing you can do is reconsider your office supplies. For example, you could switch to pens that need to have their ink refilled. They’re often better quality and heavier, so people treat them more carefully and keep track of them.

Water Drop

Source: Pexels


Use Less Water


Your business is likely to use water in some way, even if it’s only in bathrooms or to make coffee. If you want to cut down on how much you use, you can use flow restrictors to reduce the amount that your employees use. You will also have to get them to participate in your efforts to save water. If you have any landscaping, you can consider how to water plants or grass in the most efficient way. For example, you can use sprinklers during the cooler parts of the day during the summer. It could also be possible for you to collect rainwater.


Make Energy Changes


Your business can use a lot of energy in a typical working day. It’s expensive and it increases your carbon footprint. Fortunately, you can find plenty of ways to use less energy and to generate your own using renewable energy. Solar power will deliver new energy for your company so you spend less on traditional energy sources. You can get credits from your energy company by supplying them with electricity too. There are smaller things you can do as well, from changing light bulbs to LEDs to making sure to power down equipment at the end of the day.


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Source Sustainable Goods and Services


When you’re procuring goods and services for your business, you can try to make sure they come from sustainable sources. Find vendors that source things responsibly and sustainably and that don’t use excessive amounts of packaging for their deliveries. It’s also a good idea to use local suppliers. When vendors are local, there’s less distance for their goods to travel to meet you. This makes them more eco-friendly because they have a lower carbon footprint.


Make your business greener with these tips and you can save money too. Your business benefits in more ways than one.

This entry was posted in Budget.

3 Questions To Ask Before Making A Large Purchase

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There are times in life when you have to take a deep breath, squeeze your budget, and make a big purchase. It might be for new white goods in the kitchen, a new car, a swing set– whatever it is, it’s going to cost a lot of money for a single purchase.


It’s at this point that any financially-savvy buyer begins to feel uncomfortable. Large purchases feel like such a commitment, and even if you’ve carefully budgeted for the expenditure, the terror you feel at the idea of actually committing to the purchase is very real.


To try and ease some of these concerns, it’s worth running through the following questions before you commit to a large purchase…


“Have I found the best possible deal?”


It’s sometimes tempting to think that just because a purchase is definitely going to be expensive, you might as well surrender to the high cost and pay what needs to be paid. This, however, is less than ideal, and it’s still beneficial if you can take the time to bargain hunt wherever possible. By ensuring you hunt for the best deals store from which to buy, you’ll be able to reassure yourself that although you’re spending a lot, the money is undoubtedly being used wisely.


“Can I get cash back on this purchase?”


Cashback should never be a decisive factor in your purchase, as cashback isn’t guaranteed. If there’s a store with a lower price and no cashback, that’s still preferable to a store with a higher price and a large percentage of cashback.


However, if you can combine a low price with a cashback deal, you get the best of both worlds. While there’s no guarantee this will be possible, it’s still worth checking cashback sites. You never know, you might stumble across a fantastic deal!


“Have I made the right choices throughout this purchase?”


One of the biggest concerns many of us have about a large purchase is the concern over something going wrong. What if you spend a substantial amount of money and the product arrives broken, damaged, or otherwise compromised? What if it doesn’t work as it should, and you then have to spend weeks trying to manage the refund process?


While there’s no way to 100% mitigate the risks of making a large purchase, you can safeguard yourself somewhat. First and foremost, make the purchase with a credit card rather than a debit card, as this affords you more buyer protections. Secondly, read the returns policy of the store you’re buying from before committing to the purchase. A simple step such as this can save you a lot of hassle if there are any issues in future.


In conclusion


Making a large purchase is undoubtedly a stressful time, as committing a large sum to anything always seems to carry an element of jeopardy. However, if you keep the steps above in mind, you should be able to make your purchase with the full assurance you have done all you can to both keep the costs reasonable and protect against any future issues.


As a result, you should be able to buy with as much confidence as possible.


[ Featured Image Credit ]

This entry was posted in Budget.

What’s Holding Your Home Business Back?

More and more people are choosing to take the plunge and set up a home-based business. Running a company from home can give you a better work-life balance, but there’s no doubt that it’s hard work to beat the odds and stay above water. If you have grand plans for your venture, but things aren’t quite panning out as you hoped, here are some reasons why your business may not be flying, and some tips to help you reach the top.

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You’re not targeting the right audience

You could have the most fantastic products or services in the world, but if you’re targeting the wrong crowd, there’s every chance that your business will fall flat. Every business owner should be aware of what the target market looks like. It’s so beneficial to get to know your customer and to try and understand how they shop, what they want, what kinds of promotions appeal to them, and how much they’re likely to spend. Conduct market research, and work out the best ways to get in touch and interact with that audience. Your marketing campaign should be focused on promoting your brand to people who have a genuine interest in what you sell. If you have a property portfolio, for example, following up timeshare owner leads could be a lucrative move. If you’ve got an online fashion store that is aimed at young women, using sites like Instagram to advertise outfits is likely to be more effective than posting flyers through doors. Streamline your strategy to include techniques that target your ideal customer.


You’ve lost focus

Working from home has its perks, but it’s not always easy. Some people struggle to maintain motivation levels and focus when they’re at home. If you’ve got kids or pets, it can be difficult to devote the amount of time and attention a new business requires. If you’ve taken your eye off the ball, it’s time to reassess the situation, pinpoint areas where you’re falling down, and set some new goals and objectives. Think about where you want to get to and work out how you’re going to get there. If you’re struggling, you may benefit from an outsider’s perspective, and it may be helpful to meet with a business consultant.


You can’t cope with demand

If your home business has taken off, this is great news unless you’re struggling to cope with the demand. If you’re turning customers away, or you haven’t got enough stock to go around, consider hiring employees or thinking about ways to finance growth and expansion. You want to be able to strike while the iron is hot to avoid losing customers to competitors. If you can’t manage on your own, you may benefit from another pair of hands, and it may be a good idea to think about how you’re going to take advantage of interest in your business going forward.

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If you run a home business, and you’re not quite where you want to be in terms of profits and orders, it’s critical to work out what’s going wrong, and how you can get back on track.

Your Mortgage Application Checklist



Getting approved for a mortgage is often one of the hardest parts of buying a house. Whether you are just starting to consider the idea of buying your first home, or you’ve already found your dream house, and you are ready to move on it, having a mortgage application turned down can ruin your hopes and put your dream of buying your own home on hold for a little longer.


While a realtor can offer you advice and perhaps even put you in contact with a trusted mortgage lender or broker, they can’t, unfortunately, get the application approved for you. That part is up to you.


One of the best things that you can do to help your chances is prepare. Go into your mortgage meeting with all of the documents that you need, and you’ll make the process much easier. Here’s a look at some of the things that you need to take, as well as some tips on improving your chances.




Many people incorrectly believe that having debts will put an end to their dream of buying property. Often people don’t even apply because of loans, overdrafts and credit cards. This isn’t the case. Debts are never good. But, as long as you can manage the repayments on top of your mortgage repayments, there’s no reason it should hurt you.


Lenders will, however, want to see statements from these accounts, showing that you make payments on time. It’s also a good idea to stop spending on them and to start paying off more than the minimum.


That said if you fail to make payments on time, or your debt utilization is very high, they can hurt your credit score, which will have a negative effect. So, read about how to fix credit score and start making some changes before you even consider buying a house.


Bank Statements


Most lenders will ask to see at least three months’ worth of bank statements. This gives them a clear idea of your finances but also of how responsible you are with money. Your bank statement gives a lender a clear impression of who you are, and what your priorities are. They’ll know if you spend frivolously, or if you can save. They’ll know how quickly you spend your paycheck and what you spend it on.


To improve the appearance of your bank statements, try to curb your spending when you know you want to get on the housing ladder and cancel any subscriptions, contracts, and memberships that you can do without.


Pay Slips


If you are an employee, a lender or broker will want to see your last three months’ payslips and your last end of year report. If you are self-employed, this becomes two full years tax returns, sometimes three. If your accounts aren’t complete, you may want to see an accountant to have them verified. It’s also worth noting that some lenders are happy to accept printouts of these documents, whereas others want the original documents. Find out before your meeting to avoid wasting time and potentially losing your house.


Other documents they may wish to see, include a gift letter if you are using gifted funds as a deposit, a list of your assets, details of any benefits you claim and proof of your rental payments up until now.  

This entry was posted in Budget.

4 Mistakes To Avoid When Borrowing Money

Borrowing money is a tricky subject because, while you should try to avoid it as much as possible, sometimes it is the best thing to do. In certain situations, like buying a house or paying for house repairs etc. you have no option but to borrow money. That’s fine, but you need to make sure that you’re doing it right. Next time you find yourself relying on borrowed money, make sure you avoid these mistakes.

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Not Reading The Small Print


Nobody wants to spend hours reading the fine print of a complicated contract but if you don’t, you might find yourself in trouble. A good example of this is Payment Protection Insurance. Although people are now able to claim that money back, thousands of people all over the world ended up agreeing to pay for something they never even knew existed because they didn’t read the fine print on their contracts. You don’t want to sign without understanding exactly what you’re agreeing to because it’ll come back to bite you later on. Before signing any paperwork, take it home and take the time to go over it properly so you know exactly what you’re getting into.


Too Many Interest Payments


When you’re borrowing on multiple credit cards, you’re paying interest payments on each one. That’s going to cost you a lot and people often end up paying the minimum amounts which just covers the interest, rather than actually clearing the debt. Credit card consolidation companies can help you get around this by rolling all of those separate debts into one loan. That way, you’re only paying interest on a single loan rather than paying it multiple times. It reduces the amount you spend and makes it easier to clear your debts.


Borrowing For Somebody Else


In the last couple of years, guarantor loans have taken off. People that don’t have a good enough credit score to get a loan on their own can get somebody to co-sign, agreeing to make the repayments if that person is unable to. If a friend or family member asks you to do this for them, you might think that you should because you want to help them. But you’ve got to consider what happens if they fail to make the repayments. All of a sudden, you’ve got another expense added to your monthly outgoings and that can land you in some serious financial trouble.


Lying On The Paperwork


When you apply for a loan you might get told that you don’t earn enough to borrow the amount that you need. There’s a reason for that; they’ll only lend you an amount if you can afford to make the repayments comfortably. If you lie on your paperwork and say that you earn more than you do, you might get the loan but when it comes to repayments you’ll struggle and you will quickly fall behind. You should only ever borrow what you can afford to pay back and don’t lie to get more.


Avoid these mistakes and you can borrow money safely and sensibly, making sure not to get yourself into financial trouble.