3 ways to become financially savvy.

Adulting is hard. There’s really no if’s or but’s about it. When it hits you…IT HITS YOU. Suddenly, you go from paying just your phone bill to getting a car and getting your own place. Before you know it you are up to your ears in bills. If you learn how to spend money wisely it will go a long way and you will still have a decent amount left over to indulge yourself with. Have you ever heard of the story of the tortoise and the hare? Slow and steady wins the race. Some people are better at budgeting than others but I think it is something that everyone should be able to do. I struggle to do it  sometimes but these 3 tips have helped me a lot!

Learn to differentiate between necessities and luxuries

If you are constantly living above your means you will never have money in your hand. Once you have received that instant gratification, all you will be left with is regret further down the line when you realize you needed that money for something more important. There is always going to be something that you want or you ‘think’ you need but in reality, you could live without it. Learn to discipline yourself and differentiate between what is absolutely necessary and what is a luxury. I like to write  a list of stuff I need/want with what I deem to be necessary right at the top. If you’re like me and can’t help but buy that new coat you walked past in the morning then ask yourself this question, do you really need it? If you buy it how often will you wear it? If the answer is no and not very often put it down. You will thank me later.

Get yourself a savings account 

You have earned the money now what do you do with it? I like to use a 60:40 rule. This means that 60% of your income for the week/month goes into the savings account and 40% is used for day to day expenses. You don’t have to use this exact rule but it could help as a guideline. Obviously, you will need to take into account any monthly or weekly bills that need to be paid regularly when establishing what rule you want to follow. There is a range of savings accounts available at different banks. Do some research and find out what bank caters for your specific needs.

I have an app on my phone called Saving Money. It’s really easy to use and helps you set targets for how much you want to save. Once you have saved your target and specified what the money is for you are all set to go! I love the fact that it can show you how far/ close you are to achieving your target. I get more  motivated to reach my target because of the fact that I can actually see close I am to my goal.

Keep track of your money 

I recommend trying online banking and perhaps getting apps that help you keep track of your spending. By keeping track of your spending you will be able to see where your money is  going and areas where you can cut spending e.g. eating out or a cappuccino you have every day. It will be hard at first but it will become second nature once you get into the habit. I’m not saying go crazy with the money monitoring but be aware. We all need a little indulgence every once in a while!

Thanks for reading! Don’t forget you can follow me on Instagram, Twitter, Bloglovin and Pintrest!






4 thoughts on “3 ways to become financially savvy.

    1. Priorities change as you get older and so will your spending. It only becomes an issue when the way you spend does not reflect what you have. There are so many things that are more important and worth saving for! 🙂


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