A Shopaholics Guide to Saving.
I like many others have recently read Girlboss. If you don’t already know, Girlboss is the thought provoking book written by Sophia Amoruso. It teaches us all how to become a Boss in our own right. I’m not saying you need to own your own successful chain of stores to claim Girlboss status. Becoming a Girlboss is about taking charge of your life and having the freedom to live the life you truly want.
The truth is, it’s not about your income, it’s about spending within your means and realising that materialistic things aren’t the “be all and end all”
Imagine if you had the financial savings to give you a more freedom? How good would that be? I’m sure you can already think of a million ways to put it to good use. So, I have put together a guide on how to start taking control of your financial status.
So if you are a fellow shopaholic, read my quick guide to saving and getting you bank account looking healthy again!
Set Yourself up a Weekly Budget.
Setting yourself up a weekly budget breaks down all your expenses. It lets you see how much your spending a week on things you don’t need and it allows you to revaluate where your money should be going. Leave yourself a small budget for any random expenses that pop up.
Open a savings Account.
Set one up with your bank, its easy and they usually have great incentives. If you don’t touch the money in your account for a certain period of time, you can end up earning some great interest back. Make sure every payday you put a certain amount in each week, this will one day feel natural and you’ll get used to not having the extra cash there.
Ditch the Lattes.
You don’t realise the affect coffee has on your bank account until you look at your bank statement and count up how much it’s really costing you. Save yourself the pain and bring your coffee from home. Go out for coffee on the weekends as a treat.
Say NO to impulse purchases.
Impulse purchases are a great way to buy things you don’t need. Say no to buying things just because they looked pretty in the store or were on special. The only exception to that rule is if it’s something you have really wanted for a long time, then it finally goes on sale, go for it. Otherwise, it’s just going to be another scarf or another pair of shoes that sit in your closet. Your going to get home and never use it, so leave it where it belongs. At the store.
Hide your credit card.
The second step, and this is critical. Is to hide your credit card. Or even better- chop it up. I’m a firm believer in only spending what you have, and if you are really wanting to save- the credit card must go.
Unsubscribe from Mail Lists.
When you’re trying to save money- what’s the last thing you need? You’re favourite store telling you all about the great deals that you are missing out on. Or even worse… All the gorgeous new arrivals that just got in. That temptation is not welcome here, remember money in your account not your feet!
Find creative ways to make money.
If your struggling to get by this can be a great way to save. Use the extra cash to put directly into your savings. Some great examples are babysitting, bake sales or selling your clothes you no longer want online. You don’t have to be ultra savvy to come up with ways to make extra dough, just get back to basics. It creates a fun way to top up your savings. (This also cures boredom on your days off)
Have you got any savings tips to add? Let me know below, and if you enjoyed this post make sure you find me over on Bloglovin for updates!