I’m not sure if I like this title, it’s a little basic and makes me sound like a self obsessed bitch. But I promise I’m not being one bit conceited or patronising. On Instagram I have a lot of girls asking what I do as a job, because it appears I have a lot of money. Yes I do drive a BMW and yes I do consistently buy designer bags, shoes & make up.
In all honesty though I’m at university and I work as a service advisor at a garage. Yes my job is pressurised and yes I work long hours. But I don’t earn bundles.
There’s a great saying which always stayed with me ‘It’s not about how much you earn but how much you save’. To this day that is my mantra and I truly believe it’s about utilising the money you do earn to its fullest extent. Not only that but being disciplined and willing to put in all the hours you can.
Here are my personal top tips in money saving, and how to appropriately utilise it so that you too can look like kim k on a primark budget (that was really cheesy but you get the drift):
Probably one of the hardest things as a female in a capitalist consumer driven society. But, I’m afraid if you want to save you will have to learn self control. I would suggest having two bank accounts, one for living and one for saving. As soon as you get paid transfer as much as you can afford into your savings and do not touch, unless you need it for an emergency. The key to saving is not to deprive yourself. You can treat yourself to small things if you have been doing well as an incentive to keep going. I have found in the past having a specific goal like a new car, shoes etc helps you keep focused on the end result.
2. Smart shop
When it comes to fashion it can be a little harder to budget yourself. I know exactly how it is, you have a friends birthday coming up and you convince yourself you have NOTHING to wear. So you further convince yourself you need a new outfit complete with new heels. No you do not. If you haven’t brought yourself new clothes in a very long time this would be an exception, but if this is a regular occurrence; what you can do is buy one new item. For example some heels from primark which might only set you back £12. You wear them once and sell them on eBay? No biggie. When it comes to designer items you have to be even smarter. Staple items such as handbags and shoes, can be brought from eBay/Gumtree and even car boot sales. Not to mention charity shops. BUT invest wisely into classics. For example I brought my first pair of Louboutins last year, and I literally brought the most plain black pair because I know they’ll go with almost anything and won’t go out of fashion as they are classic. With make up you have sooooooo many options, brands like the balm and mua are so cheap and high quality. You can literally take your pick!
You need to plan what you will do with your wages and stick to it. I often make a plan every week (luckily I get paid weekly). Once you do this, the next step is to see where you can minimise expenditure. For example, take packed lunches to university/work instead of wasting money on eating out everyday. Any subscriptions you have taken out which aren’t necessary – stop them asap. And furthermore establish between what you need and what you want. Needs are food, travel, housing and bills. Anything else is what you want and can wait.
4. Think outside the box
Aside from just getting your wage / and / or student loan, think what else can you do to generate extra cash? You can do car boot sales in which you can sell old junk. Literally junk. It helps you to clear out your old stuff as well. Sell expensive items you no longer use/wear on eBay. You could even do cleaning jobs in your own time/ any other part time jobs on weekends/evenings. This would mean that you no longer have time to go out and waste money. You can also invest. For example at car boot sales they often have vintage/designer goods – if you can haggle and get them for a cheap price and then sell more expensive on eBay. Everyone’s a winner!
Please note; although many of these tips focus on discipline, you must ensure you have a healthy balance of satisfaction and self control. Don’t starve yourself or deprive yourself of having a social life – just cut down where you can. Enjoy being able to afford more in the long run!