In part one of our series on reaching your savings goal quicker, we covered 5 things that you can start doing right now in order to save more money.
In part two, we are going to give you more great ways to save and reach your savings goal quicker.
Remember, saving money is the starting point of achieving financial success. Saving can help you get out of debt, stop you from acquiring more debt, and help you reach other financial goals. We recommend goals such as boosting your superannuation and planning for retirement.
If you haven’t read the first part to this series, check out the first 5 tips here.
Save money by spending time on meal prep. How much money do you waste by grabbing food on the go? Or how many times have you opted to buy lunch at work because you forgot to bring something. Or you didn’t feel like making anything in the morning before you left? You can save money by doing meal prep once or twice a week. With meal prep, you make all or most of your lunches (or even dinners) once or twice a week and then you simply have to grab a container and go. No more wasting money on take out, and you’ll start to see an immediate savings.
Many things that you pay other people to do, you can easily do yourself and save money! For example, changing the oil in your car is an easily learned skill. You can also save by taking care of the landscaping around your property, fixing small appliances and doing other simple home repairs.
Not everything you buy has to be new. From buying a used car, to second hand clothing and shoes, every little bit of money saved on purchases will help you reach your savings goals. Furniture and home decor are a couple of other areas that you can buy used in.
Next, don’t buy anything when it first comes to market as it’s always going to be more expensive. For example, the newest smartphone, television, or any other type of technology will often drop in price after it’s been out for a little bit. By waiting even just a little while, you can save a ton of money on those big ticket purchases.
Sometimes it’s easier and more beneficial to let someone else do the shopping. For example, if you notice that you have trouble sticking to a shopping list, or you tend to buy things on impulse, letting someone else to do the shopping can save money. While the change may be challenging, remember, it’s all about good building good financial habits so that you can reach your savings goals.
In this series, you have gained ten easy to implement financial tips to help you save money. By following these tips, you can immediately start to change your spending habits and reach your financial goals. If you would like to look at your retirement planning or superannuation, please contact Camori Investments today.