Is there anything more blindingly dull than sorting out your finances? The answer is actually yes: being broke is far more boring. It’s a life necessity, then, to make sure that our bank accounts are looking healthy and that we don’t joyfully empty our wallets every opportunity that we have. Here are some tips on how and how not to sort out your finances…
YES! Focus On The Big Things
First of all, it’s important that you focus on the big things in life – your mortgage or your rent, your car payments and insurance, your bills, your food, your clothing and so on. Once you have the basics of life sorted out, it’ll be much easier to move on from there. Even if you have bad credit car finance can be sorted out relatively easily; if you have problems keeping up with your mortgage you can talk to your bank; if you’re having problems paying for school uniform, talk to the school office. There are ways to sort out the big things so that the little ones can fall into place.
NO! Focus Too Hard On The Big Things
Even though they’re important to consider, there’s no reason to stay up late at night worrying and cutting out everything else just in case something bad might happen one day. Saving is a great thing but it’s also important to live in the moment.
YES! Look For Deals
When you’re shopping, make sure that you take advantage of the offers that you see and that you cut any relevant coupons out of magazines and newspapers to take along to the supermarket with you. Points cards like the ones at Boots are always a great idea because you’ll end up getting a lot for free at some point.
NO! Focus On Deals At The Expense Of Everything Else
Remember that if you’re spending a long time cutting out coupons and trailing around to all the different supermarkets it’s just not worth the time.
YES! Cut Out Non Essentials
If you have an expensive gym membership that you don’t use as often as you should, cut it out and try Couch To 5K instead. If you pay through the nose for TV channels that you barely have time to watch, get a different package. If your phone contract’s at an end but your phone’s perfectly okay for now, you don’t need to get a new one. Consider what you really need in your day to day life.
NO! Make Your Life Miserable
It’s important to remember that the little things are what make life worth living. If you love MAC lipsticks it’s okay to buy one every so often so long as you’ve budgeted for it, and if one of your treats to yourself is to buy a copy of Vogue or the Doctor Who magazine every month, or a Starbucks coffee a couple of times a week, then keep doing it. It’s important to make the most of your life and really enjoy it.