| |||
Nigeria
is in a recession. This has made many to significantly cut their
spending. So, as 2017 beckons, it is essential for you to make money
resolutions in other not to fall into any financial abyss. In order for
you not to be inundated and spend aimlessly, Lifestyletower encourages you to try these 5 tips for saving money next year.
Put it in writing
The
very first financial resolution you should make is to spell out your
financial situation. You can a few hours to take inventory of all of
your financial accounts. This will go a long way in helping make
reliable money decisions.
Use your smartphone to help you save
There
are uncountable apps available to help save and at the same time watch
your expenditure. These apps will help you analyze the way you use your
accounts. It also allows you to compare how much you spend versus save.
You can use mint.com.
Start small
You
don’t need to make any extreme financial decision at the beginning of
the year. You should make small changes when cutting your spending so
that it won’t have a huge impact on you. With these gradual changes,
you will have reasonable savings and at the same time get the best for
yourself.
Look for ways to earn extra money
Another
important resolution you should make is looking for ways to earn extra
no matter how small. This will diversify your financial sources.
Reduce impulse spending
You
should make it a habit to reduces the purchases you didn’t plan for.
Your rule of thumb should be if it is not in your budget, you shouldn’t
but except if the purchase or transaction is very important.
No comments:
Post a Comment