It’s no secret that the cost of living has been steadily rising for the past few years. A house that would have cost you £40,000 thirty years ago could now go for well over double that amount, and everything from fruit to toiletries are more costly these days. There are many different economical factors that contribute to this phenomenon, but the primary cause is rising inflation, which can affect your bills and general outgoings too. The bad news is that, unfortunately, wages are not increasing to reflect this rise in price, meaning many families across the country and indeed, the world, are struggling with their finances. Of course, if you are still managing to keep afloat and on top of your bills, rent, food, and travel, it could be argued that there isn’t a great deal to complain about. But isn’t there so much more to life than simply keeping your head above the water? As parents, many of us like to spend any excess money we have on treating our kids and having fun together as a family. A good example of this would be going on a summer vacation or having a family pool installed at your home. Obviously, these kinds of things don’t come cheap, so you may need to get savvy to save for them. Here are some ideas about how you can get one step closer to that big family buy.
Even when your heart is totally in it, it can often be easy to stray from the path. The concept of actually going on the vacation or getting that pool might seem like a distant hope, and therefore you may dip into your savings fund for other things such as technology, or evenings out. But remember that you’ll have to make a few sacrifices if you really want to pull off that star buy – and it will all be worth it in the end! Put a picture of the thing you want to buy/the place you want to visit on your fridge, or in your wallet. That way, it will serve as a constant reminder of your goal to keep you focused.
Find extra ways to make money
You could rely on your monthly wage to see you through, but if you want to get your dream item/experience in good time, you might want to think about topping up your income. Survey websites are a good option for those wanted to make money easily and quickly – you can read their ipoll review to get a clearer idea of which ones to trust. You could also sell some of your old clothes or unused items on websites like eBay.
It’s not just the odd luxuries you can cut back on in order to save money for your big buy. Take a look at what you are spending on your bills and your groceries – is there a way to minimize your spending? Whether it’s using coupons, buying less meat or changing your energy provider, there is always a saving to be made on your everyday expenses!
*This is a collaboration post