>> Requested topic Money and finances can be very stressful to manage. If you have a system in place, it can really help you see what you are spending and keep you on track. Try these 4 tips to help you save money. Bonus: you can set this system up in a few hours and these tips cost no money!
1 >> Create a budget. Whether you share your money with another person or not, you should have a budget. If you do share with someone else, it's best to incorporate them and make decisions together. For a basic budget, write down every bill you have for the entire month, when the bill is due and how much you owe. I also like to keep track of whether the amount due is above or below what I thought it was going to be for things like cable and phone, as they can squeeze in extra charges to watch out for. As you pay each bill, mark a check by it so you know it was paid and taken care of. Download my template here.
2>> Create a cheat sheet. Something else that can be really helpful is to create a list of all of your website urls, user names and passwords for paying bills. I know they say you shouldn't write all of this stuff down, but it is really hard to remember all of our unique log in information. God forbid, if something happened to you, how would someone else come in to your financial world and find it? It would be really helpful for that person to know what all your bills are, how much you owe and how to contact each company when paying bills or closing accounts. It would be a good idea to hide this information so only you and important people in your life know about it. I would suggest not posting on the wall next to your computer, but having it accessible when needed, is a great time and energy saver. Download my template here.
3 >> Consider giving yourself an allowance. Agree to a monthly allowance and withdraw that amount in cash. Once you've spent your cash, you are done for the month. If you are not good about hanging on to cash, then give yourself a weekly allowance so you don't take too much cash out at one time and spend it all. Trust me, if you see the cash pass through your hands as you pay for things, it will make you much more aware of how much you are spending — and may make you think twice about impulse buying.
4 >> Write down all of your spending. Want to know where all of your money is going? If you buy something at the beginning of the month, chances are you forget about what you bought and how much you spent by the end of the month. Keep receipts in an envelope and / or write everything down on a sheet, in your phone, computer, or whatever works best for you, once a week. At the end of the month, review your spending and decide if you are hitting your goals, if you need to alter your spending or change your pre-arranged allowance amounts. Download my template here.