- Shop at the local farmers. Since most grow organic foods, you are sure to save on groceries.
- You can also try to shop in the evening. The bei ya jioni statement is not just bargainers talk.
I will be honest with you. I find budgeting boring. But it is a crucial part of our lives.
This means I/ we have to do it at some point or another.
Budgeting involves a detailed plan for your savings, spending and if any, repayment of loans.
You need to know when your bills are due, how much money is left once bills are paid and you need to be realistic with budgeting.
Set your mind to it
You need to understand what you are doing and create a realistic budget plan.
Weigh your earning against your spending and savings and mind your financial goals.
This will help you get in sync with your budget so it can work for you.
* Make sure to track-record your spending. This helps you learn your financial habits.
Make a choice to actually live by the plan day by day . It is easy to make a budget plan and fail to follow it.
Choose your budget
There are at least six types of budgeting including the 50/20/30 method, zero-based, budgeting by paycheck, cash envelope method and weekly allowance budgeting.
The 50/20/30 budget translates to fifty per cent of your income being set to expenses, 20 per cent for savings or loan repayment and 30 per cent to things you want.
Be flexible in your budgeting
Understand your financial needs can change unexpectedly. This means that your budget plan could be forced to change too.
Through it all, you should, however, make sure that it works for you.
Avoid debts
Do not get into debt if you can help it. Avoid bets that will lead to losses.
If you have to get a loan, make sure you are doing so for an asset. Luxury life, unfortunately, is not an asset.
Do friendly food shopping
Time and choice of shopping can greatly impact your finances.
Shop at the local farmers since most grow organic foods and you are sure to save on groceries.
You can also try to shop in the evening. The bei ya jioni statement is not just bargainers' talk.
Save on clothes
Try to recycle clothes for wear especially if they are not worn out. You can also create a routine for mending torn clothes.
There are tens of clips showing clothes DIYS, make use of them to avoid buying new clothes frequently. This will lower the expenses of cloth shopping.
Did you know that reducing the number of clothes you buy in a year can go a long is limiting the level of global warming?
Researchers from Berlin’s Hot Or Cool Institute found that, if it is the only thing we do, we should only be purchasing five new cloth items a year in order to stay in line with the Paris Agreement goal of limiting global warming to 1.5C.
If clothing cannot be repaired or recycled for wear, opt for secondhand clothes. They are much cheaper and at times, even more, unique than store clothes.
Plan stay-cations and short trips
Compared to vacations, these two are cheaper.
It will help your financial habits to choose to go on long vacations, and try to take short breaks over the year.
Here are other ways you can use to sustain your budget
- Go for off-season shopping
- Do more DIYs
- Do movie nights and skip frequent movie theater visits