Top Tips on How to Easily Reduce Your Monthly Spend

Image courtesy of Paul Townsend
Image courtesy of Paul Townsend

Sometimes it can feel that you reach the end of each month and never have enough money left or very little. It can be annoying and it can be a struggle sometimes as well. However, there are some things that you may be able to do in order to reduce what you spend.

Shop less often
Whenever we go shopping we always seem to end up buying more than we need. It is so easy to buy a few extra things and then we are spending more money than we intended. This can happen every time we shop, where we tend to pick up a few treats or some things that we think we might need in the future. By shopping less often we will hopefully avoid making these sorts of purchases and therefore save money.

Don’t take money
If you are walking past shops, but do not intend buying anything then it can be wise to not have any money with you. This is because you may otherwise be tempted to go into those shops and spend money. This is especially true if you have children with you, perhaps you are collecting them form school and they want you to buy them a treat on the way home. If you work in an office with vending machines or other ways to buy snacks, you may also be wise to leave money, or perhaps change, at home so that you do not get tempted to spend it. You will be healthier too as a result!

Shop consciously
It is wise to think about the items that you are buying. It can be easy to just buy things without considering whether you need them can afford them and when you need them for. It is easy to wander round shops and just buy things that you like or the things that you normally buy. There is nothing wrong with this unless you are trying to save money, then it is more important to consider what you are buying. You can still buy yourself nice things and treats but you may need to buy them less often or spread the cost a bit more.

Make things last
It can be wise to see whether you can make things last a bit longer in order to save money. There are many things that we throw away which may be able to last a bit longer. Reusing tea bags might be a bit extreme, but there are other things that you could do in order to make things last longer. Make sure that you do not waste food, wear clothes out before you replace them and save electricity where you can. Consider whether you should borrow books from the library instead of buying them, shop in cheaper shops, consider getting second hand items and just make use of what you already have. It may be a completely new way of life for you, but could be a lot of fun and will mean that you have a lot more money left at the end of the month to save.

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Rachel Henderson is a professional freelance writer from the UK. She writes on many subjects but specialises in personal finance. As well as contributing to various blogs and websites she has her own website tracking her own money making process http://www.turnonepoundintoonemillion.com and sells her books through http://www.bowbridgepublishing.com.

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