When you become an adult there are a lot of things that change in our lives and some of them are great, but some are just plain frustrating. Saving money is one of those things we are told to start doing as soon as we hit twenty and beyond that
Create a direct debit
When we get paid the temptation is to spend it all on food and a night out with our friends, but if you ever want to afford a house or a car or anything else, this isn’t a wise decision. To force you not to spend all of your cash at once, think about setting up a direct debit from your current to your savings account each month so that the moment you get paid, the money is gone. If you can’t see the money you won’t be able to spend it and this is ideal for those who need to save up.
Make a solid budget
Budgeting for your week as a young adult can be a challenge
Stop buying lunches
Lunches at work are some of the highest daily costs we spend because they can be expensive depending on where you decide to eat. If you have things like supermarkets close to work you are much more likely to spend money on food because there is more choice. However, if you start bringing in a sandwich or a salad each day instead, you won’t need to leave the office and this means you will save money by default. You can even use leftovers from your dinners the night before if you want to make things even cheaper.
Team up with your partner
If you are in a relationship you should always treat any goal in life as a team effort. They need a promotion? You can help them prepare for the interview. You want to get fit? They can come with you and get fit too. You need to save money for a house together? Choose an amount each to save every month and work together to make your living costs lower by avoiding the cinema and instead staying in to watch your favorite series instead. Saving is always much easier when you have someone there to hold you accountable for your spending.