The temperature's going up - Saving

Now that temperatures are going up, we want our savings to do the same so that we can start to think about our holidays. Whether you have a destination in mind or you’re still thinking about it, having some savings can help you go further.

Blondiemuser: How can we save?

Blondiemuser and Natalia de Santiago give us some tips so that saving money isn’t a struggle and we can meet our financial goals.

Save with Positive Balance

Saving isn't simple, but knowing where to start can make achieving a positive balance easier.

Be consistent

A lot of little amounts add up. There is no amount too small; the key is time. Consistency is much more important than the amount.

Automate

Automate everything you can. We need to stop looking at savings as whatever is left in our account at the end of the month. A simple way of making sure we save money every month is by automating it with a periodic transfer.

Get ahead

The trick is to do this at the beginning of the month, even if it's a small amount. It’s easier this way, as we’ll be less likely to use that money for something else during the month.

Giver your savings a name

Decide what you’re saving for, and give your savings a name. Knowing that you’re making an effort for something that’s important to you will make it more manageable.

A little effort goes a long way

Making an effort to renegotiate our rates on utilities and other expenses and paying attention to offers is worth it. The most important savings is the money we can save on our recurring expenses.