5 Foolproof Ways to Save Money
Money, I don’t know about you, but it's certainly my least favourite part of life. It's frustrating thinking about the hard-earned cash that goes into rent, bills, food, public transport, loans, and so on. Eugh, responsibility sucks!
I've sadly been on minimum wage for 3 years now, but I'm not complaining. Despite the fact that I have bills coming in every month that most of my wage goes towards, I also manage to save.
I’m not a bad saver. I mean, I'd prefer to save money than to spend it on drinks, food or clothes. Don't get me wrong, I'll treat myself from time-to-time, but I don't mind living within my means.
Finding myself in the travel blogging community, I see people think travelling as a luxury, only those with money can afford it. When in fact, my experience is quite the opposite. Travellers are usually frugal people, who spend very little money in their day-to-day lives, and save instead to explore the world. Travelling is their passion, and they'll live on 2-minute noodles every night for dinner if they have to.
Now, I’m not saying you need to be doing that. I certainly wouldn’t! But saving, and having a decent lifestyle really isn’t as difficult or out of reach as it sounds.
So, I want to spread the word! Travelling is totally possible, for just about everyone earning a wage. Try one (or all) of these 5 foolproof ways to save money and you'll be sunbathing in the Bahamas in no time.
1. The piggy bank
Put $50 every week or fortnight in a jar, and don't touch it. Get your partner to do the same. Before you know it, you'll have enough for two tickets to your dream destination.
2. The lord of cash
I personally believe we can all eat off $50 a week, or less. I've been living like this for a few years now and it's totally possible. The point here is to take out $50 cash a week, and only use that on food. Again, get your partner involved. You'll be surprised how far $100 a week can go for two people. Now the trick here is to try not to spend it all. And what's left over, goes into a jar for savings.
3. The pretend-it-never-existed
Get yourself a savings account without a debit card, outside of your normal bank. That way, you can't see the money in the account, and you have no way of spending it (especially since the transfer takes about 3 days to process). Now, when you get paid, transfer a large chunk of it, and pretend it never existed in the first place.
4. The swear jar
Got some bad habits you'd like to kick? Let's say, for instance, you want to be healthier and exercise daily. You make yourself a deal, every day you don't exercise, you have to put $10 in the ‘swear jar’ – win win really.
5. The left-overs
Eat leftovers or a sandwich for lunch, and with the money you would usually spend on lunch, put it in the savings jar! And if you don't usually have leftovers, make bigger meals. You can always freeze it if you make too much. This does take a bit of organisation and planning.
Got any foolproof saving tips up your sleeve? Share them in the comments below!