There are certainly one or two items here and there that you can save on in everyday life – without it hurting.

“Why is there still so much month left at the end of the money?” So that the second half of the month does not become a period of financial drought, you should scour your financial life to find out exactly where the money that you are sorely missing at the end of the month is going. With these tricks, you should be able to save in everyday life very easily and soon you will not only be able to get by with your money, but also be able to put something aside.

1. Find the culprit: The household book helps

Don’t worry, you don’t have to keep the budget book until the end of your days, just until you have a feeling for what you spend where and where you can save in everyday life. But it should be two to three months. Incidentally, this can also be done conveniently via the app. One thing is certain: it is almost always possible to save in everyday life somewhere. You should note the following points as precisely as possible in a table every day:

  • Your salary
  • Your monthly rent
  • Your expenses for electricity/water/gas
  • Current insurance (liability, car insurance, supplementary insurance)
  • Your retirement provision (Riester, life insurance, etc.)
  • Mobile phone and internet costs
  • All household products and hygiene items (drugstore)
  • Expenses for your health (pill, medication, etc.)
  • All groceries (supermarket)
  • Groceries on the go (restaurant, coffee)
  • Weekend expenses (bar, club, taxi)
  • Cost of the car, public transport
  • Costs for free time, hobbies (gym, etc.)
  • Your spending on clothes and shoes
  • Miscellaneous (out-of-order issues such as GEZ, gifts, trips, etc.)

At the end of the month you will see where your money hogs are. You will be surprised at which places the money is particularly easy for you.

2. Keep an eye on account movements

Know your account balance and ongoing debits. Then there are fewer nasty surprises at the end of the month. An ancillary cost statement comes quickly, the liability for the whole year and then the GEZ and the tide is already low on the account. You should keep an eye on that and make savings elsewhere early on, before the big minus comes.

3. Reconsider effort and benefit

Of course, the pullover, the bag or the cream is not that expensive, but in the end even small animals make a mess. If you find it difficult not to faint while shopping, you should ask yourself the following question: How long do I have to work for this sweater? That means: if you have an average net salary of 1600 euros and work 40 hours a week, you would have to work nine hours for the sweater (90 euros). That’s more than a full day. Is it still worth buying now?

4. Undiscovered treasures

Anyone who takes inventory at home from time to time will be amazed at how many treasures are slumbering there long forgotten. Suddenly you discover clothes that you no longer recognize, but you have more than eight wine glasses, you find books that you have not yet read – and the next purchase is no longer necessary. And for all shopping queens: You don’t have to follow every fashion trend and buy everything new every season. With trendy accessories you can also trim the dress from last year. Tip: Buy used clothing, there are various clothing exchanges online for this purpose, and buy ‘against’ the season, i.e. not at the beginning of the season, but at the end of the sale.

5. Set limit – pay cash

If you know your fixed costs and then look at what is left after deducting your salary, you should divide up the rest carefully. How much can I spend by the end of the month, what do I want to put aside? Then the following applies: Withdraw household money for the month and then mothball the credit card for the rest of the time (or give it to your best friend for safekeeping). From now on you pay in cash and only what is there. The advantage: if you pay in cash, the money isn’t as loose as when you pay by card.

6. Recognize savings potential when eating

If the expenses for food per month are significantly too high, you shouldn’t introduce a zero diet, but turn a few screws. In other words: never go shopping when you’re hungry, write a shopping list, do the bulk shopping at the discounter, do a weekly shop (instead of shopping every day), look further down the shelf (that’s usually where the cheaper brands are) and then pay in cash. No sandwiches or just an Italian meal during the lunch break, but take food from home to work or set up cooking communities with colleagues. Cooking yourself is (almost) always cheaper than ready meals.

7. Weekend cost trap

Going out to eat from time to time is definitely allowed, but then you should see whether the espresso can be drunk at home after the meal and whether it might not be possible to have a piece of chocolate at home instead of dessert. If you go to a bar or a club with friends, you should set a limit beforehand that you are willing to spend and not take significantly more money with you. You can then share the taxi home with friends, which also makes it cheaper.

If you take all these points into account, you will quickly be able to save money month after month. Anyone who thinks they are getting weak should pin their motivation to the bathroom mirror. Namely what you want to save money for. Be it the picture of the South Sea beach, the new bike or a picture of the designer jeans that you would like to have. And now have fun saving! It can be inspiring when you know that you are not throwing your money out of the window, but that every euro is invested sensibly.

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