Are you tired of the same old routine of creating and sticking to a strict budget? Budgets are often seen as a necessary evil to manage finances, but the truth is, they can be quite boring and restrictive. Fortunately, there are ways to save money and spend less without the monotony of traditional budgeting methods.
If you hate budgets and budgeting, how can you easily cut your spending? Here are five ways to save without tracking every transaction:
Review Your SubscriptionsYour fixed outgoings are the easiest way to cut back: significant outgoings like your insurance, power, phone, and entertainment subscriptions. If you can reduce or eliminate even a few of these, you’ll make an immediate difference in your spending.
A night of drinking and dining out is fun but costly, so try to make it an occasional treat. Instead, check out your area’s free and cheap activities and swap an expensive night out for a more cost-effective option.
Pick one day a week, or one day each fortnight, and try to spend nothing. Make your own food and coffee, stay away from the shops, and don’t add anything to your cart.
Groceries have shot up in price over recent years. Planning your meals for the week and shopping accordingly means you can spend less and buy fewer takeaways.
Pay a realistic amount into your investments, savings, or debt reduction first, advises the author of Automatic Millionaire. Then pay your commitments, like the utilities. Whatever is left over, live off that. If you’re not sure how much to pay yourself, we can help.
We actually love budgets, even though they have a boring reputation. They’re part of the spreadsheet family, and you know that spreadsheets are close to our hearts.
While you can save money without a budget if you embrace one it can turbocharge your success. There are apps to make it easier and support your saving goals.
So whether you want help with saving, or a budget for your personal life or your business, we can definitely give you a hand. Get in touch, we’d love to hear from you.