This post was made possible thanks to IMB
So here is the thing, I suck at saving money. I can do it, but I often know if there is money in my bank, I want to spend it. I find the best way I can save is if I have something to focus on. Earlier this year it was for my Tasmania trip and right now, it’s an estimated $600 vet bill to have a couple of Tonkas teeth removed. It was either amp up my savings or take out a cheap personal loan!
As someone who loves fashion, it’s so easy to get swept up in fast fashion, I found myself just last night talking myself out of buying a dress because it was $13. Sure, $13 doesn’t seem much, but when saving, every cent does count.
1 – Have a Visa Debit Card
As soon as I turned 18, I switched to a Visa Debit card. Personally, I didn’t want access to a credit card, but having a card that I could use to shop online was a must. Having a Visa debit card means I can only use the money I have in the bank, and means you can’t get into debt by buying those $500 shoes you just HAD to have. The IMB Rewards Saver is a Visa debit.
2 – Limit Credit Card access
Credit cards DO come in handy, I wouldn’t have access to a washing machine if my housemate hadn’t bought one with a credit card. They are an easy source of money though and can be easily abused. My tip is to not carry it in your wallet. Put it in a safe and secure spot so as not to be tempted. If you really need to use it, you can go home and get it, but it might save you buying something you don’t need and regret once you get home.
3 – Save your change
Seriously, all that silver can add up! I have a jar that I often empty my change into and after a while, I take it to the bank and deposit it. It’s gone into the 3 figures before, and you really don’t notice the change missing from your purse (well, except that your bag feels so much lighter!)
Now, these do all seem like common sense, but we all fall prey to spending a ridiculous amount of money for a coffee or hot chocolate whilst out and about. Sometimes, we just need to be reminded of our savings goals.
Also, don’t forget to treat yourself. Your savings don’t always have to be about saving for the future. You can use these tips to save to invest in your dream fashion piece. You can bet that the next thing I’m actually saving for is a pair of Miu Miu sunglasses!