How to Increase Your Savings

I’m very passionate about saving for the things I want instead of getting myself into debt. On this post, I’ll be sharing some tips to increase your savings!

1.Budget

Make sure to budget your money every time you get a pay-check. Include your savings in your budget and slowly start increasing its monthly amount.

2.Have Side Hustles

Having extra money will always help you increase your savings, regardless of the amount. Remember that even small quantities add are good, they’ll add up.

3.Control your Expenses

Make sure to buy only what’s necessary and stay within your budget.

4.Challenge Yourself

Challenge yourself to save more money. Have no spend challenges each month. It doesn’t need to be perfect, but it’s a good way to encourage you and to stop you from buying things you don’t necessarily need.

Don’t forget to have fun! Life isn’t just paying bills and save money. Do things that bring you happiness, just plan them in a way that it won’t hurt your finances.

I hope these tips were helpful. Thank you so much for reading it, and I’ll see you in my next post.

15 Ways to Save Money

On this post I’ll be sharing with you 15 things you can start doing that will help you save money.

1.Make a Shopping List

Make sure to only grocery shop with a list, it will help you not to buy what you don’t need.

2.Eat Before Grocery Shopping

If you go grocery shopping with an empty stomach, you’ll most likely buy a lot of snacks and things you don’t need.

3.Make your own Meals

Cooking your own meals will help you save a lot of money, and you can make healthier meals which are also amazing for your body.

4.Make Your Own Bread

Bread is something that most of us eat several times a day. Making it yourself will help you save a lot of money. You can make several at a time and freeze the dough.

5.Buy Clothes on Sale

Only buy clothes on sale, you’ll be able to get more for less.

6.Buy in Bulk and Freeze

Buy fruit and veggies and freeze them. This is great for smoothies and soup!

7.Buy Detergents on Sale

When the detergents are on sale, you can get several and have a little stash at home.

8.Have a Budget

Make sure to write down your budget. Being aware of how much you can spend on every category will help you increase your savings. 

9.Be Organised

This tip goes along with the previous one. Being organised with your finances will help you increase your savings and your ability to saving money. There’s a downloadable planner that includes a budget spread, a shopping list, an expense tracker, a bill tracker, a debt tracker, and a meal planner. I’ll leave the link to it down below if you’re interested.

Money Planner (A4)

Money Planner (A5)

10.Turn Off the Light

Turn off the lights when you’re not in the room.

11.Meal Plan

Meal planning will help you buy only what you need, and it will also help you to control the costs of each meal.

12.Take your lunch with you

Prepare your snacks and lunch at home and take them with you to work. 

13.Sell your clothes

Sell the clothes you no longer wear and put that money towards savings or debt payments, for example.

14.Make your own Cleaning Supplies

Make your own cleaning products at home, this will help you save money and the environment.

15.Workout at Home

Working out at home instead of going to the gym will help you save thousands!

So, these are all the tips I have for you. Thank you so much for reading it, and I’ll see you in my next post.

How to Achieve Financial Freedom

Financial freedom is something we all want to achieve. We’re constantly worried about our future, and most of our worries are about our finances. In order to achieve this, we need to follow a few steps.

This is How you Achieve Financial Freedom.

1.Create a Budget

Create the perfect budget for you and your family. Always prioritize savings, and make sure to adapt as you go. Check How to Budget your Income, The Ultimate Beginners Guide to the “50/30/20” System and The Ultimate Beginners Guide to the “Cash Envelope” System to figure out your perfect budget system.

2. Pay off Debts

This is a crucial step to reach financial freedom. Trust me, it isn’t impossible. Check 10 Habits to become Debt Free faster for some inspiration.

3. Have an Emergency Fund

Unpredictable things can happen at any time. Having that money on the side will have a soothing effect on your mind, and it will help you a lot in case of an emergency.

4. Have savings

Have goals for your money and save up for them. This habit will keep you away from debts. Check Different types of Savings everyone should have.

5. Stop living above your means

Most of us do this and don’t even know. After creating your budget, you’ll definitely start realizing  what you’re spending too much money, for example overly high rents, etc.

I hope this post was helpful, thank you for reading it, and I’ll see you in my next one.

What you should teach your kids about money

Unfortunately, money management isn’t something we learn in school, and because of that, most of us made a lot of managing mistakes when we reached adulthood. To prevent our future generations from making similar mistakes, we need to make sure they have the right knowledge to make their choices.

Here are 4 things you should teach your children.

1.Budgeting

This is something they should start learning from early on. This will not only help them in the future when dealing with their money, but it will also make them be more organized.

2. Type of Lifestyle

We grow up seeing people buying cars, houses and even lifestyles they can’t afford. This equals to debt! What kids should always have in the back of their minds is that they should only buy what they can afford. We need to show them that living under their means while they’re young, will bring them a better financial future.

3. The Importance of Savings

This goes along with the previous tip. Saving for what want will keep them away from debts. And savings also help when there’s some sort of emergency in our lives.

4. The Right Mindset Towards Money

People usually look at money like it’s a horrible thing. They always complain about paying bills and taxes, this is a quite negative money mindset. We need to teach them that money is an amazing thing that helps live a happy life, and paying bills and taxes is a good thing because it means we’re making money!

There are so many games on Pinterest to start teaching young children about this. It’s definitely something that will change their lives. I hope this post was useful.

Thank you for reading it, and I’ll see you in my next post.

Tips to increase your savings

Having different types of saving is something that will be beneficial for you, and if you’ve been following this blog for a while, then you’ve noticed that is a frequent topic here. So, today I thought it would be good to share a few tips that will increase your savings.

1.Make a goal

First of all, you need to have a goal for the money you want to save. This will give you the motivation to keep saving, it will give you a “purpose”.

2. Have no-spend days

After budgeting your money for groceries, utilities, bills, your overall needs, you can start a challenge, the no-spend month, for example. This means that throughout the month you won’t be buying things that weren’t specified on your budget. Such as coffee, lunch out, etc. After this challenge, you will realize how much money you were spending on things you don’t need.

3. Have side hustles

Try to have another source of income besides your work salary. It doesn’t need to be more or the same amount of your work salary, the goal is to have extra money at the end of the month that you can add to your savings. You can tutor someone, sell services, take surveys, etc. I have a post on things you can make and sell online, click here to find out more about it.

4. Have the right budget

Always try to improve the budget you already have. Slowly try to increase the amount that goes to savings without affecting your daily life.

These are the tips I have for you. Let me know if you have extra ideas! Thank you so much for reading it, and I’ll see you in my next post.

How to manage your time when you work at home

This post will help you manage your time, in order to be more productive and succeed at your job. There’s also a printable that you can download that will help you schedule your day.

Here are the steps to budget your time and still be productive.

1.Set Goals

Write down all of your goals for the day. Be realistic, don’t add too many things that you’ll know you won’t be able to achieve. That will only make you feel stressed and frustrated.

2. Budget your time

Out of the 24 hours of the day, take off the time you spend sleeping (8 to 9 hours) and budget the rest, in order to maximize your available time. You are left with 15-16 hours, set morning and an afternoon schedules.

I made a printable to help you design your perfect schedule for the day, click here to get it.

3. Set times

For each goal that you wrote down to accomplish during the day, add a maximum time to finish it.

4. Improvements?

Figure out what do you need to improve, what changes do you might need to make to be more productive.

Let me know if this helped you improve your time management. Thank you for reading it and, I’ll see you in my next post.

Different types of savings everyone should have!

In all of my budgeting posts, I mention frequently the importance of turning a big portion of your income into savings. This is a habit we should all have because if we hustle and plan ahead when we are young, our future will be more peacefully and we will be able to enjoy every moment with the people we love.

If you’d like to learn how to budget your income then you should read the posts I’ve written about it: How to budget your income, Beginners guide to the “Cash Envelope” system and the Beginners Guide to the “50/30/20” method.

These are the types of savings we should all have.

1.Emergency Fund

This an extremely important saving you should have. It will help you “survive” in a crisis. If, for some reason, you are left without a job or can’t work because of an illness or you might need to assist a family member, then having this money will make things less stressful.

It should be 6 months to a year worth of bills and debt payments, as well as groceries and other needs.

2. Investment

Having money on the side for future investments that will make you more money, is actually a really good strategy for the future. For example, it could be money to invest in a property so you can rent it and make it a source of passive income. It should be something to start thinking once all of the more urgent savings accounts are more secure.

3. Long-term Savings

This type of savings is meant for something that you know you are going to want or need in the next 10 years. It could be, for example, a house, certain debts covered, university funds for your children, etc.

4. Short-term Savings

If you’re planning, in the next 5 years, upgrading to a new or bigger car/house or for example you want to renovate your space, or even a holiday this is exactly the type of savings account you’ll need.

5. Retirement

This is probably the most important one because we know this is inevitable, we are going to retire someday and we’ll need a fund to live off. Since it’s something more down the road it means we have more time to save but it also means that we have an opportunity to save more and make our retirement less stressing and more enjoyable.

So these are the several account savings we should have. I know not everyone has an income that can cover all of this, but what I want to transmit to you is that even a small amount of money towards them, will have a really positive impact on your future.

Check 5 simple ways to make extra money if you’d like to have a few ideas to earn extra money.

Thank you for reading it and I’ll see you in my next post.

Beginners Guide to the “Cash Envelope” System

The “cash envelope” method is a great way to save money, to pay off debt and even to build your retirement account. It’s actually an easy way of achieving some of your goals, you get to save for that dream holiday, for the house of your dreams, for the huge wedding you’ve always dreamt of or even to plan the move for the country you’ve always wanted to live in.

So, here’s how this method works:

1.Figure out what you can work with.

Start with your tax and expenses free income. Know exactly the amount you’ll be able to take out of your bank to use it on the envelopes. Keep in mind, some things are paid with your debit card, just make sure to incorporate them on your budget.

If you need help making your budget, you can read this post that I wrote on How to budget your income.

2. The categories

This step may be different from mine. I’ll give a few examples with my categories, but you should adjust them to your life. Mine are: Groceries, needs, knowledge investment and fun money.

3. Choose the envelopes

Try to get envelopes with different colours, this will help you memorize which envelopes correspond to which categories and also because they’re cuter! I use paper envelopes but there are other envelope systems, for example, the Dave Ramsey’s.

4. Fill your envelopes

Now that you know your budget and you have the categories on your envelopes, you can start filling them with the specific amount that you designated for each.

Don’t forget to leave the money meant for the things you’ll pay with the debit card in the bank.

5. What’s next?

Well, now you go shopping and only spend what’s in the envelopes. Some people like to just have their envelops when they’re going shopping. To be quite honest, it’s something that bothers me, so when I go shopping I take the amount from the specific category and put it in my purse.

6. At the end of the month

Whatever is left on the envelopes and on my bank account that I didn’t use that month, I put it into savings. That was key to sky-rocket my savings account.

I really hope you try this method. Thank you for reading it. I will see you in my next post.

5 Fun ways to save money

Here are 5 ways to save money. You will have access to 3 free printables. They will help you keep track of your savings and it will make it a lot more fun.

1.Save $800 in 20 weeks

You can click below and download this printable. You just need to mark off the amount as you go!

Click here to download it.

2. Save $1,820 in a year!

This is one of my favourites. If you save 5 dollars every day, at the end of a year you’ll be left with $1,820! It could be your emergency fund, for example.

3. The $120 Challenge

Every month put away 120 dollars and at the end of a year you’ll have gathered 1,440 dollars!

4. 12 week challenge

Save $300 with the help of this printable. You just have to download it. Have fun!

Click here to download it.

5. Save $1,270 in 6 months

With the help of this printable, at the end of 24 weeks you’ll have 1,270 dollars to spend on whatever you want.

Click here to download it.

I really hope you enjoyed this blog post, it was so fun to make these printables for you. Thank you so much for reading it, I’ll see you in my next post.

5 Simple ways to make extra money

Who wouldn’t want some extra dollars at the end of the month? In this post I’ll be sharing 5 simple ways to make money.

1.Sell your books

The books that you no longer read or have more than one copy (trust me, you’re not the only one!), you could sell them online or to those small second hand book fairs and make a few extra dollars.

2. Sell your clothes

I don’t know about you but I own a lot of clothes that I no longer use. They take up a lot of space in my closet. So, if you’re like me, selling them is the best option.

3. Sell old furniture

If you have old furniture that just taking up space and has no use, then this is a good option and you make money out of it! You can sell them to second-hand shops or to antique shops.

4. Create your own products

If you have any talent then you should take advantage of it and start creating your own products and sell them online. There are so many platforms where you can do it and you’ll be able to make really good money from it.

5. Become a Tutor

Regardless of where you are now professionally if you were good at any subject when you were in school, you should definitely give this one a try. You can even do it online!

I hope you found this useful! Thank you for reading it and I’ll see you in my next post.