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Want to save extra money?Does an extra £100 per month sound good?
Even £200?
Even £300?
You can save a lot of money making only minor changes to your life, find out how!
-- My First Ever Thread --
1.) I'll be splitting this in to 2 parts, big expenses and small expenses. The 3 main big expenses are your House, Travel and food.
Saving on these big expenses are more tricky than the small ones but obviously have bigger saving opportunities.
Lets start with housing:
Saving on these big expenses are more tricky than the small ones but obviously have bigger saving opportunities.
Lets start with housing:
2.) There are only a couple of things you can do to cut expenses on where you live.
- Rent out a spare room ( 50%+ of rent covered)
- Move somewhere cheaper (not ideal but if you're really wanting to cut expenses it will work)
Housing is a very important expense, choose wisely.
- Rent out a spare room ( 50%+ of rent covered)
- Move somewhere cheaper (not ideal but if you're really wanting to cut expenses it will work)
Housing is a very important expense, choose wisely.
3.) Travel is the next big one!
A second hand car is the way to go if you drive, pay close attention to the condition of the car and the mileage though.
Cycling is a great option if your commute is not too far, this will help you save money and get in better shape!
A second hand car is the way to go if you drive, pay close attention to the condition of the car and the mileage though.
Cycling is a great option if your commute is not too far, this will help you save money and get in better shape!
4.) If you do decide to move flat/house keep in mind the travel to work, you could kill 2 birds with one stone here!
Food is the last big one! I have written a blog post about how to save £100 monthly on food! Check it out if you are a big food spender!
https://dividendcollector.net/how-to-save-100/
Food is the last big one! I have written a blog post about how to save £100 monthly on food! Check it out if you are a big food spender!
https://dividendcollector.net/how-to-save-100/
5.) On to the little expenses now.
There are many many ways to cut back small amounts of money.
A good start would be looking at your bills (Wifi, gas, electricity, phone) and looking for a cheaper provider, this will save you a few
every month.
There are many many ways to cut back small amounts of money.
A good start would be looking at your bills (Wifi, gas, electricity, phone) and looking for a cheaper provider, this will save you a few
every month.
6.) Live a bit more frugally!
Doing things like:
-Drinking your own coffee instead of Starbucks/Costa
-Buying 'non branded' clothes (it's the same thing)
-DIY. Before hiring someone, check if it's easy to fix yourself.
These are just a few of the extra ways to cut on expenses
Doing things like:
-Drinking your own coffee instead of Starbucks/Costa
-Buying 'non branded' clothes (it's the same thing)
-DIY. Before hiring someone, check if it's easy to fix yourself.
These are just a few of the extra ways to cut on expenses
7.) Implement all of the above and this could easily save you £100 - £300 per month!
If you are struggling to stay consistent when trying to save money you can also:
- Tell your friends and family about it (more support)
- Write down your goals and look at them frequently
If you are struggling to stay consistent when trying to save money you can also:
- Tell your friends and family about it (more support)
- Write down your goals and look at them frequently
8.) Now that you have all of this extra money at the end of each month, what will you do with it?
What I do with it? As a dividend investor I know what £300 per month could be further down the line.
With an average return of 7% when I'm 35, this would be worth about £95,000!
What I do with it? As a dividend investor I know what £300 per month could be further down the line.
With an average return of 7% when I'm 35, this would be worth about £95,000!
9.) If dividend investing sounds like something you'd like to do, check out "Too Much Money" the eBook that helped me learn how to create passive income!
Passive income for life just for saving a few here and there and investing it! (aff) https://gumroad.com/a/247297139
Passive income for life just for saving a few
here and there and investing it! (aff) https://gumroad.com/a/247297139
