Guest Post: 7 Reasons You Run Out Of Money Every Month
It’s getting harder to save money for your future with the euro being inflated every year. However, there are some things that are completely within your control. Before you complain about how expensive everything seems to be getting these days, check your ego at the door and make sure you’re not committing these seven deadly spending sins.
1. You’re Shopping Way Too Much. Shopping is fun. Heck, what girl doesn’t like a new dress or pair of shoes? Shopping sprees aren’t just a female problem either. Men can get carried away on designer stuff too. If you have a shopping addiction, try putting away the credit card for a few days. If you still think you need a new pair of pants or a shirt, then consider visiting a charity shop – especially if you’re hooked on ModCloth.com offerings. You might be able to find some nice vintage stuff for much less than what you’ll pay retail.
2. You Drink So Much Coffee, Your Blood Is Now At Least 50 Percent Caffeine. Coffee can be addictive, and Starbucks is a pretty popular place, but there’s no need to go there three times a day. Even once a day gets expensive. If you need your coffee fix in the morning consider getting a pour over kit. The initial cost of manual pour over equipment pales in comparison to what it will save you over time. If you spend £2.60 every day on coffee, you will benefit from getting manual pour over equipment. In one month you’ll spend enough on Starbucks to buy yourself a decent filtercone holder, some nice filters, and some decent coffee. Two month’s worth of coffee will get you an excellent coffee grinder.
The benefit? The learning curve is not very steep, it takes just as long to stand in line as it does to make your own coffee at home, and a manual pour over results in a stronger and better cup of coffee than what most retail places will sell you.
3. Those Late Night ATM Runs – You Know The Ones. Are you a night owl? Do you spend a lot of time at clubs, pubs, and after-hours parties? Going to the ATM to reload your wallet with cash takes its toll. There’s no easy solution to this problem other than taking it easy on the partying. Staying home and reading a book might not sound like much fun, but your bank account will thank you.
4. You Are Paying For More Channels Than You Can Possibly Watch. There’s nothing wrong with having cable T.V. In fact, it might add to your life in some way. However, there comes a point when enough is enough. If you’re paying for so many channels that you can never possibly watch all of them, it may be time to rethink your service plan. If you ever find yourself turning on your T.V. and thinking “oh wow, I didn’t even know I had this channel,” then it might be time to consider going with a cheaper package or perhaps cutting your cable down to the bare minimum.
5. You Eat Out So Often, You Haven’t Seen The Inside Of Your Fridge In Three Weeks. Eating out once in a while is fun. You don’t have to do the dishes, and you can usually get something that you find difficult or impossible to prepare yourself at home. However, if you’ve forgotten what the inside of your refrigerator looks like, or if the food in there has started to look more like a science experiment than leftovers because of all of the mold, then consider making more meals at home. Staying in has a wonderful positive effect on your bank account.
6. You Spend More Time On Your Hobbies Than You Do Working At Your Paying Job. Having hobbies allows you to stay active when you’re not working. However, when you spend more time on your hobbies than you do working at your “day job,” there’s something wrong. Maybe you should make your hobby your new job (by starting a business oriented around it) or find a new job that allows you to earn money from doing whatever it is you really love doing.
7. The Only Time You Step Foot On A Sidewalk Is To Get To Your Car. Automobiles allow us to get where we want to go faster than we ever could by walking. However, there’s a benefit to walking: it’s cheaper and allows us to get exercise. Consider walking or biking to work, if you live close enough.
Guest post written by Elizabeth Goldman and brought to you by Wonga – the short term loan experts.