Add these tips to increase your budgeting techniques.
Hello 2020! What better way to welcome the new decade than with a sound financial plan, but you have to start somewhere to build your wealth this year. Having a budget can help you take charge of your financial future. Here are tips on how you can best use your hard-earned peso.
From that impulsive milk tea purchase to that sofa bed you bought on a three month installment basis, record everything you spend your money on. If you can, compile past bank and credit card statements to have an estimate where your money is going every month.
In a world now run by technology, there’s no excuse for you not to take advantage of the free apps that will automate and even categorize each of your expense to help you analyze where the bulk of your expenses is coming from. You’d be surprised to see how small expenses add up to a significant amount.
To avoid costly charges from unpaid balances, pay your credit card bills on time. Set an alarm on your phone so you don’t miss it.
Ask yourself how often do you really use these services?
Cutting your spending doesn’t have to involve cutting enjoyment from your life.
9. Listen to free podcasts.
There are a lot of personal finance podcasts available and you can tune in to them for free.
10. Unsubscribe from promotion emails from online shops.
Do away with being tempted to click on that flashing sale sign. You’ll be more inclined to spend money you otherwise wouldn’t have!
Having your information saved will make checking out a breeze but the inconvenience of you having to enter all those again will make you think twice of “adding-to-cart” items.
12. Eat out only when it is necessary.
Turn off the lights when not in use. Did you know that plugged-in devices eat up a minimal amount of energy? So unplugged those gadgets like that electric kettle sitting on the sink all day.
16. Bundle phone and internet services.Save a significant amount when you consolidate your phone, TV and internet in one plan.
17. Create a grocery list and stick to it.
Avoid doing the grocery run when you’re hungry as you’ll spend way more than what you actually need.
18. Buy in bulk.
Buying in bulk is the way to go. Think of household staples – laundry detergent, fabric conditioner, toilet paper, etc. Consider buying the unbranded brands in the grocery store.
19. Do potluck parties at home.
Throwing a party? Hold off on that restaurant reservation first, why not invite your friends over at home and do potluck?
20. Cook meals at home.
Store it in containers and reheat on days when you’re too busy to prep a meal. Not only will this save you money but it’s also a healthier alternative. Bring packed lunch to work, too.
21. Cut back on grooming expenses.
Consider having a mani-pedi or your haircut done on a monthly basis if you’re doing it twice a month.
22. Move a lot.
Exercise regularly. Use the stairs. You don’t need to spend on gym memberships running on a treadmill if you’re burning calories on your own. Use public transportation or do carpool to work. If you can walk to the office, the better. It’s not only good for your pocket but for the environment, too.
23. Sell items you no longer use.
Rummage through your closet and turn your excess clutter into extra cash. As a bonus, it will make your space more welcoming and enjoyable to be in.
24. Have “no-splurge” days.
Commit to buying nothing for a day and see how liberating it is.
25. When you are tempted to buy something, sleep on it or wait for a few days to see if you really need it.
This article appeared on the SunLife website. Click here.
wondermomma.net 
Thank you for this tips mommy Rachelle💖💖💖
LikeLike
super helpful..i also consider investment kaso im having a hard time looking san ang worth it 😥considering small amount lang muna 😊
LikeLike