We all stress about our finances and its really not uncommon to have sleepless nights fretting about the state of your bank balance. Whether you are a savvy business woman or an independent freelancer working from home, there are always ways to make a difference to your finances, without breaking the bank! Here are some money rules that powerful women follow!
Know Where You Money Is Going.
We are all guilty of spending a little too much on a night out, paying by card is basically the easiest way to avoid feeling guilty about what you have spent because you can just lose track and hope for the best. As tempting as this is, it’s really not very wise, as much as you don’t want to read your recent bank statement it really doesn’t hurt to keep tabs on where all your money is going, also the best way to work out what you could potentially cut back on to save some pennies.
Open A Savings Account.
Savings accounts can seem a little overwhelming at times with all this talk of interest and ISA’s it can seem like a rather big ordeal. In reality, it couldn’t be simpler to open up a savings account, having a fraction of your income transferred each week into a separate account means you can always feel reassured knowing that if an emergency ever did occur you would have backup funds to keep you going. There is nothing more satisfying than having a little financial security.
Put Away The Pennies.
It may seem a little overwhelming when you realise just how expensive the festive season is but by putting away all of your loose change each week you could save a huge amount. It really all does add up.
Make Small But Effective Changes.
We all like a Starbucks before we get into work but try to find small ways to cut back a little when you can, invest in a thermal travel mug and make your own delicious coffee in the morning instead. When you think about all of the unnecessary expenses you pay each week on all of the small things it can all really add up. Be a little savvier and you are sure to really notice the difference.
Allow Yourself The Odd Treat.
I may be completely contradicting everything prior to this but as with everything moderation is key. There is never anything wrong with wanting to treat yourself. If you work hard then who is to say you don’t deserve a treat once in a while, whether that be extra whipped cream on your hot chocolate or that bag you’ve been eyeing up in the window for ages!