Simple Ways To Save Money To Master Personal Finance

Feeling worried about money is extremely common and it can have a huge impact on our lives and happiness. Yet, there are a few extremely simple things you can do to reduce your outgoings, save more money and feel in control of your finances. 

From both saving money and also looking into additional income streams through side hustles (just get clued up on broker scams if you go into investing), there are plenty of options to help you take control of your finances and get to where you want to be. You won’t notice much of a difference in your everyday life, but you should be able to save a lot of money. 

Cut Down on Weekly Food Costs

One essential outgoing is your weekly food shop, however there are some handy ways to reduce the cost. Firstly, you must go with a list. Sit down in advance and plan your meals for the week and only buy the ingredients you need. Not only will this reduce the cost of your shop, but less food will go to waste and you’re less likely to need to pop to the shops in the week for extra bits and pieces. This can make such a huge difference overall to how much you spend over the week and you can then use that to either pay off debts or to contribute to your savings goals. Simple yet effective, start doing this and soon see the difference. 

Consider A Side Hustle 

Something else you should do to save money and master your personal finance is to consider a side hustle. Whilst a lot of this article discusses ways you can save money, another option would be to increase the number of income streams you have to get you to where you want to be in terms of your financial goals. There are so many options, whether you want to get a part time job to fit around your current work or you focus more on something you can do for an hour or two each evening, like investing. Just be careful if you do go into investing as unfortunately there are a lot of things like Forex scams out there that can catch you off guard, so when you’re starting out on this journey just make sure you spend a few hours getting clued up on what to expect and look out for. 

Look For Price Comparisons on Everything

You don’t need to assume that the cost of some of your ‘fixed’ outgoings such as bills, insurance or phone can’t be reduced. Go onto a price comparison website and input your requirements and you will be faced with so many different options. You might end up getting far more for your money by investing just a bit of your time. 

Another tip is to call your existing provider and tell them the other deals you have found online. They might offer you reduced prices and you won’t have the hassle of changing providers!