As I’ve reached my thirties, I’ve realized that I’m so much more interested in being financially secure. While I spent my twenties traveling and wouldn’t take back a second of it, I certainly wasn’t focused on saving money, and was more interested in having a good time.
That’s fine, but now that I’m planning my next decade, I’m ready to get serious about saving. If you feel the same, here are some tips you can use to get financially sorted:
This may sound simple, but one of the easiest ways to get more money in the bank is to actually get more money in the bank. If you were a 9-5, now is a good time to speak to your boss about a pay review. Make sure you go into the meeting with some metrics that showcase how you’ve contributed to your company, and do your research so you know how much others in your industry are earning.
Not sure you’ll get a pay rise? Now could also be a good time to look at new opportunities with more career growth. Another option is to consider a side hustle, which can help you use your current skillset to get some more money coming in.
Whichever route you choose, remember that your cost of living shouldn’t rise with your increased income. Instead, put the extra money into your savings so you can work toward your goals.
Cut your expenses
Most of us simply pay our utilities and subscriptions on autopilot each month. But this can just mean that we’re paying more than we need to. Take some time to sit down and look at your current bills and see where you can make some changes. Often, you’ll find that you don’t actually need three different TV subscriptions, or you could do better with broadband only deals.
For example, the Brilliant Broadband deal is just 18 pounds and gives you an average speed of 11MBs, with unlimited monthly downloads, zero setup costs, and free calling. Or, you can upgrade to a speed of 63MB for just 28 pounds a month. There are many different deals to choose from, so you’re sure to find one that suits you.
Small changes add up, so make sure that you take any extra money you find from switching and put it straight in a savings account.
No one is saying that you shouldn’t socialize, but it’s definitely a good idea to do so wisely. Instead of going out to expensive dinners and brunches, or heading out to happy hour a few times a week, look for ways that you can hang out with friends and coworkers without necessarily spending a lot of money. This can include going on a walk, heading to a museum, choosing a picnic, and going for a bike ride. Get creative, and your bank account will thank you.