At this time of year, the success of your new year’s resolutions is looking bright. You have succeeded in not snacking on your leftover Christmas chocolate and the gym is your second home. However, with 80% of new year’s resolutions predicted to fail by February most of us will fail to achieve our new year goals. So how can you be sure you implement and stick to your new year’s goals?
When it comes to paying off your debt, saving for a house or getting a job with a higher salary, it’s important to set realistic goals so you know you can achieve them. At PIWoP our easy-to-use price drop alert tool saves people money all year round. Here is our list of small, simple strategies to help you save money every week:
1. Bring your own lunch to work
Making your own lunch is one of those goals that many people talk about doing but tend to struggle with when it comes to following through. However, bringing a homemade lunch to work is one of our favourite ways to save money every single week.
When you think about the amount of money you spend on meal-deals every day, the pounds definitely start to add up. For example, a year’s worth of meal-deals is around £1,095 - a huge sum that could buy you a holiday. Even if you decide to bring your own lunch once a week, you will still be saving at least £5 a week.
2. Only use cash
We have become increasingly used to tapping away on our cards, which often leads to overspending. When it comes to trying to save money, personal finance experts have pointed to using physical cash as one of the best ways to save.
Next time you’re going to the shops, make a list of the things you need to buy and withdraw enough cash to cover that amount. Leave all of your cards at home and pay in cash. This way, if you’re tempted to buy any unnecessary extras, you won’t be able to spend more than what you budgeted for.
3. Automate your savings
If you’re not keen on using cash or hate the idea of a rigid budget, one of the best things you can do is to automate your savings. There are plenty of apps that will complete all of the budgeting for you and set aside money to put into your savings. Within no time, you will be putting money towards your saving goal without even realising it’s coming out of your account.