Money is not a topic I always feel comfortable talking about. I met someone from high school on the bus the other day and as we were catching up, she asked me about the salary I would expect to make when I graduate. It made me feel rather uncomfortable, as you can imagine. Then I spent a good amount of time thinking about money conversations and I've realized one area I feel quite open about is saving money. In the past year, I've started putting money aside in order to move to London next year. It made me think about how I spend money on a daily basis and what I should change. I'm not saying I know it all, these are just a few tricks that helped me put more money in savings.
Why Do You Need To Save Money?
Do you have a trip coming soon? Do you want to find a new apartment? Do you have a dream that requires a large amount of money on the side? I'm telling you: if you have a motivation behind your saving habits, it will be a LOT easier! Of course, it can be to build a safety cushion or save money for a deposit on a house in a few years. Ask yourself why you need to be more careful with your spendings, it will be a very personal answer.
Look At Your Bank & Credit Card Statement Often
When you know what you have and what you need to pay, money becomes less scary. I heard this tip in a podcast last summer and since then I make sure to check my balance a few times a week. Knowing this will help you make decisions about whether to spend or to keep your money.
Find a Balance
Of course, it's hard to put everything in your savings account and never touch it. Personally, if I don't treat myself from time to time, I know I'll end up binge spending (it's the same with food). What I suggest is treating yourself with small things while finding a balance. It can be a Starbucks latte, a new book or lunch at your favorite restaurant.
Saving is all about making smart decisions and thinking about your needs and objectives. Do you have any tips for saving money?
Top: Filippa K / Skirt: Ganni / Scarf: Aritzia / Bag: Dior via @LOVEthatBAG
Photos by Stecie April