Are you someone who is a little bit guilty of spending money on the wild side. Some of us progress into adult life knowing exactly how to use our money and spend it. But then there are those of us who haven’t mastered how to spend our money. We still get carried away when it’s payday and we know there are some new clothes that we want, or perhaps something new for the home. But it’ll get to a point where this lifestyle is stressful. You’re always going to be stressing about money becait has been wasted at the start of the month. It’s such an unhealthy way to be with money, but we know how easy it is to fall into a habit like this, especially if you’re only ever spending money on bills and life essentials, it can feel like you’ve earnt a treat or two but that treat or two can then into wasted money! So, keep on reading and we’ll show you how you can put your money to better use.
Grow It Like A Money Tree
Wouldn’t it be nice if money grew on trees? Well, since it’s not as easy as that you could start thinking about how you can create your own money tree. One way of doing so is to think about smart money investment ideas. There are so many ways of making money through investments some of them you might not have thought about before. You could try your hand at forex trading, however there are only 7% of single account traders who make a decent enough profit. You could look at gold coins for investors which will grow their value as the years go on. Or you could stick to a simple premium bonds investment and see how much money you could get from that. With there being so many different ways it might be worth contacting an investment broker to see what might work best for you.
Put It Towards Something Big
This is a nice one to think about. When you think about all the money you’re spending and how much you’re wasting, would it not be nice to put it towards something big to celebrate. It could be a huge holiday to somewhere exotic, a new piece of jewellery. There’s so much more of a reward to buy something big that you know you’ve put in the effort to buy compared to something small that people might not notice. Plus, saving for something so big will teach good money discipline.
Money Spending Apps
Money spending apps are a great way for you to get into the routine of being good with money. It’s a good way for you to plan your money somewhere we you have constant reminders of what you’re doing. For those of you who are really bad with money discipline this could be a saviour. You can categorize where your money should be going and how it should be spent. Plus, the reminder is right there on your phone.