The Clueless Girl's Guide To Spending Less And Saving More

MUST. NOT. BUY. SHOES.

The financial habits that you form NOW will greatly affect how #ballin you'll be in the future. Follow these tips if you don't want to feel poor and kawawa in your 30s and beyond!

1. Set a financial goal for the year.
Decide on an amount that you want to have in your savings by the end of the year. Divide this by the number of paychecks you will receive or months you have left in the year to know how much you need to set aside per payday or per month. It's always better to have a concrete goal in mind than none at all. You’ll feel great at the end of the year when you hit your target or even exceed it.

2. Know what you are ultimately saving for: your own car, own apartment, married life, etc.
Other than a financial goal for the year, think of a life goal that you want to save up for. These are significant expenses that are quite big to spend on all in one go. Visualizing the end result (perhaps that dream wedding gown, a trip to France, or a downpayment for a car) can serve as great motivation to save!

3. Set aside a percentage of your money every payday.
You need not have a big salary to save. An ideal amount to start saving is just 10% of your paycheck. However, you should try increasing this percentage over time. With online banking, you can easily move this 10% into a separate savings account. P.S. This will ~hopefully~ deter you from using it up on your 35th pair of shoes. 

4. Have a budget set aside for miscellaneous expenses (including shopping).
Just because you have to save, it doesn’t mean you can’t indulge in a few things once in a while. Along with setting aside money for your savings, also set a percentage of your salary that you’re allowed to use for shopping and leisure each month.

5. Track your expenses.
These days, there are a lot of personal finance applications that help you keep track of your savings. Try Spending Tracker (available for both iOS and Android devices). Aside from letting you input your salary and expenses, you can also categorize your expenditures to see the items you splurge most on. Don't like apps? There's always good 'ol Microsoft Excel!

6. Buy only what you need.
Be wise in your spending and veer away from unnecessary, impulsive purchases. When buying expensive items, check out different stores or research online to get the best deal. Be a smart shopper!

7. Giving up some small things will lead to big savings.
It’s time to give up that daily Starbucks coffee, and that dessert after every meal. By cutting down the amount of times you do these things, you’ll find that you will have a lot more cash to spare.

8. Avoid eating out on workdays.
Eating out every day can add up to a really big amount. Save by bringing food from home instead. These home-cooked meals might even be healthier than what you can find in restaurants! Read: Baon Ideas For The Office

9. Withdraw only a certain amount to keep in your wallet.
The more cash you have in your wallet, the more you will feel you have money to spend. As the saying goes, out of sight, out of mind! It’s best to withdraw only what you need each time so you won't get tempted when H&M goes on sale. 

10. Say no to debt!
If you can’t afford it, then don’t buy it. Live within your means. This includes taking it easy on purchasing items on installment. Yes, 0% sounds amazing and so do 12-24 months-to-pay terms, but fall for this too many times, and you’ll end up with too many expenses and too little cash to afford it all.

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