Create a BUDGET and keep an eye on your spending ❕❗️
It’s important to have a good understanding of what money you have coming in and what expenses you have going out. Some of these will be easier to monitor, as they’ll be fixed such as your mortgage or rent. But others might be a bit more sneaky, such as what you spend on entertainment or eating out. Try keeping a spending diary for a few weeks – that means writing down everything you spend, right down to your morning coffee. You might be surprised where your money goes and find areas where you can spend less and put more into savings.
It’s important to have a good understanding of what money you have coming in and what expenses you have going out. Some of these will be easier to monitor, as they’ll be fixed such as your mortgage or rent. But others might be a bit more sneaky, such as what you spend on entertainment or eating out. Try keeping a spending diary for a few weeks – that means writing down everything you spend, right down to your morning coffee. You might be surprised where your money goes and find areas where you can spend less and put more into savings.