As the cost of living continues to rise, many of us are finding it more and more difficult to make ends meet. Rising food costs, soaring energy bills, it seems like everything is getting more expensive.
We’ve listed a few practical things you can do to help you through these tough times by keeping your finances in check and making the most of what you have.
- Cut your expenses and maximise your income
- Check you’re getting everything you’re entitled to
- Prioritise expenses and deal with problem debt
- Create a budget plan
- Get creative – other ways to maximise your income and save money
Read on for ways you could start reducing your outgoings and saving money.
Easier said than done right? But taking a hard look at your budget and identifying areas where you might be able to cut back can make a big difference to what you have left at the end of the month or week.
Cut your expenses and maximise your income
Don’t let un-used subscriptions drain your bank balance – For example paid for apps on your phone, TV channels you don’t watch that often etc., that gym membership you took out in January but haven’t used yet?
I recently cancelled a gym membership I hadn’t used for months and months, it was taking a chunk of my wages and basically pouring it down the drain, all because I kept thinking that I’d go to the gym ‘next week’ – of course, next week never comes.