It is always a good time to put a little money away for the future. The scarcity of money and its ever-diminishing value is certainly an indication that we need to be in a financial state of readiness. There are some small but practical steps that we can take to save and increase the time value of our money. These steps are simple activities we can adopt.
An adoption may come in the area of decreased spending on daily meals. This cost can be significantly excessive especially for those of us who buy both breakfast and lunch. It can be decreased by simply preparing homemade meals for the day. You can do this for both yourself and your children. Preparing and taking your own meals not only eliminates the need to spend but provides you with meal options that you can enjoy. Get creative, use online recipes and put your spin on it. This will allow you to prepare healthy meals without the added cost. You can decrease your spending further by creating meal plans. This allows you to purchase food items according to your menu.
Your general food purchases can also be decreased by practicing small scale farming. The Ministry of Agriculture’s “Eat what you grow, grow what you eat campaign” can easily be adopted as a way of life. Backyard gardens provide additional food items that may be used in preparing meals. Items such as tomatoes, pepper, escallion and pumpkin can be grown in relatively small spaces and give sufficient yields to you and your the family. Your backyard garden will certainly allow you to take care of an essential budgetary item and will leave a little more money in your pocket.
It is also crucial for you to keep track of your overall spending. Take some time daily to document each purchase. This will give you an idea of where your money is going and how you can reduce your daily spending. It is essential to have a healthy relationship with your money. Spend time to update your budget, review your accounts, track your progress against your financial goals and create a sound financial plan. You may even consider working a few extra hours to earn extra dollars. You can then use it to assist you in achieving your financial goals.
It is essential to save towards a goal. Whether it’s paying off a loan or making a significant purchase. Challenge yourself today, this week even, to save a little more than you did the day or week before. You can start by saving coins or loose change.
This story originally appeared in Volume 9 #6 January-February 2018
Related: 6 Ways to save money at the supermarket each month
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It is always a good time to put a little money away for the future. The scarcity of money and its ever-diminishing value is certainly an indication that we need to be in a financial state of readiness. There are some small but practical steps that we can take to save and increase the time value of our money. These steps are simple activities we can adopt.
An adoption may come in the area of decreased spending on daily meals. This cost can be significantly excessive especially for those of us who buy both breakfast and lunch. It can be decreased by simply preparing homemade meals for the day. You can do this for both yourself and your children. Preparing and taking your own meals not only eliminates the need to spend but provides you with meal options that you can enjoy. Get creative, use online recipes and put your spin on it. This will allow you to prepare healthy meals without the added cost. You can decrease your spending further by creating meal plans. This allows you to purchase food items according to your menu.
Your general food purchases can also be decreased by practicing small scale farming. The Ministry of Agriculture’s “Eat what you grow, grow what you eat campaign” can easily be adopted as a way of life. Backyard gardens provide additional food items that may be used in preparing meals. Items such as tomatoes, pepper, escallion and pumpkin can be grown in relatively small spaces and give sufficient yields to you and your the family. Your backyard garden will certainly allow you to take care of an essential budgetary item and will leave a little more money in your pocket.
It is also crucial for you to keep track of your overall spending. Take some time daily to document each purchase. This will give you an idea of where your money is going and how you can reduce your daily spending. It is essential to have a healthy relationship with your money. Spend time to update your budget, review your accounts, track your progress against your financial goals and create a sound financial plan. You may even consider working a few extra hours to earn extra dollars. You can then use it to assist you in achieving your financial goals.
It is essential to save towards a goal. Whether it’s paying off a loan or making a significant purchase. Challenge yourself today, this week even, to save a little more than you did the day or week before. You can start by saving coins or loose change.
This story originally appeared in Volume 9 #6 January-February 2018
Related: 6 Ways to save money at the supermarket each month
Follow the Buzzz on Instagram
Share this post: