No matter where you are in your life, you need money for every little thing you do, from providing you shade to feeding your stomach to covering yourself up in bad weather conditions; money has played a major role in your life. It is the medium through which one can have access to all the necessities in life. Without money, it is almost impossible to live a carefree comfortable life. You need money in every aspect of your life. Hence, it is important to save money and spend wisely on things. Oyster Loan Team has curated 20 easy ways to save money. Learn new ways to save money and spend wisely.

1. Plan a monthly budget.

It is time to plan a monthly budget and sort out all your expenses at once. Plan a fixed amount with which you can cover up all the expenses and important things you need to buy this month. Make sure you do not have any dues left and even if you do try covering it up in the very beginning, you will know how much you have to spend this month to stick to the budget. Hence, make a budget accordingly; try not crossing the budget limit.

2. Save more, Spend less.

“Save more, Spend less” is the motto! This time take an oath to cut down on all the unnecessary expenses instead put that money into your savings and watch how much you save every month! Avoid spending on things that are not really necessary for you at the moment, understand what you actually need and spend accordingly.

3. Piggy bank for the save!

The best and the simplest form of saving money is putting all your savings in that cute piggy bank. Make sure you put some amount of money in the piggy bank even a tiny number will do. End of the month you will be able to find out how much you could save. Make it a habit to put some amount of money in the piggy bank every day and notice a big change.

4. Replacement is the Key!

Why not replace expensive items with lesser ones? If you are getting two things of similar characteristics at different rates, try going for the cheaper one. This will make a big change in your spending habit as well! Now you will be spending 1/4th less of what you used to before. Achievement? TOTALLY!!

5. Pay your Dues.

Make sure you are paying your bills on time. Keeping the dues over months will create a big mess for you. Afraid of unexpected bills landing on your doorstep? Drop the tension! Because Oyster Loan will help you find instalment loans in the UK. Worried about your bad credit score? No need to be worried anymore! You will be able to apply for instalment loans with bad credit in the UK by picking the suitable options for you. Remember, a credit score is not considered as the only deciding parameter.

6. The 30 days rule.

Have you heard of the 30 days rule? This is the rule that will help you overcome instant gratification by delaying on the things you need to buy that are not very urgent for at least 30 days or so. With the help of this, you will be able to understand if you truly need to buy that particular thing because the urge of buying it will pass away and you will end up saving your money.

7. Avoid eating outside.

Stop the habit of eating outside every now and then. It only adds to your expenses, makes sure you pack your lunch whenever you leave for school or work. Eating outside does no good for you physically or financially. Eating outside frequently will cause health problems which will lead to many other problems, also it is a sheer waste of money. Start preparing your own food, like that you will be able to maintain a healthy diet and also save your money.

8. Out of Sight Out of Mind – Credit Cards

If you have a terrible habit of getting into problems with your credit cards, start keeping those cards somewhere far and safe at your home. Not your wallet OBVIOUSLY! Stop using your credit for every other purchase you make.

9. Carpooling

Carpooling is one of the best options when you need to travel from one place to another, it will cut down half the cost you had to pay for a solo trip. Also, carpooling has a lot of benefits, it reduces the rate of pollution caused by many vehicles at once for starters.

10. Buy Recycled Items.

Try buying recycled items which will cost less and also minimize the use of other essential products such as paper, plastic and other such products which will lead to saving the environment. Buying recycled items has many benefits at once.

11. Sell it off!

There are many platforms nowadays where you can sell your unused or used things sitting at home. If you have a lot of unused or used clothes at home do not let it go waste. Use it to earn money! Sell off all the things you don’t use anymore on websites where you can earn by selling your used stuff.

12. DIY whenever you can.

Instead of going out and spending money on beauty care products or other such things try making your own beauty care products by watching tutorials posted by other professionals. Nowadays there are many videos posted that show DIY videos, use these tricks to make your own essentials.

13. Create your own Gifts

Need to buy gifts? Why worry when you can make your own stylish gifts! Use your creativity to make gifts, you can make gifts using little things from your house that you never thought would be of your use. Take help from the videos posted on the internet, THERE ARE MANY!!

14. Read for Fun

Bored at home? Pick your favourite book and start reading. You will be surprised at how time passes. It is not always necessary to go out on weekends and spend your money unnecessarily. Reading a book at home will help you relax your body and mind and also cut down the expenses cost from going outside.

15. Pack food for road trips.

Whenever you are ready to hit the road, make sure you pack your own food. Stop eating outside every time you are travelling, it will only add to your expenses. But when you start packing your own food made at home you will realize how much you save and how much it helps to maintain a healthy diet.

16. Public transportation it is!

Whenever you have to travel try using the nearest public transportation, it will be much cheaper and help you save fuel and money.

17. Keep Notes.

Do not forget to write down the expenses you have made in a while. Make sure to record every transaction you have made even a small one. It will help you to keep track of expenses made by you.

18. Avoid the Mall

The mall can be a fun place to visit but also a place where you are tempted to buy things. Stop going to the malls frequently, visit only when you have to make an important purchase or once in a while.

19. Cancel unused subscriptions

Do you have gym memberships, club memberships that you never use? UNSUBSCRIBE NOW! There is no use paying subscriptions that you don’t use. Remember you can always subscribe back whenever you feel like you miss it.

20. Lastly, Deal with your emotions.

We often do stress shopping, whenever we are dealing with emotions or mixed feelings we tend to go out and shop which leads to spending unnecessarily. We must learn to deal with our emotions and use other techniques such as yoga, meditation or hitting the gym to divert our minds. It is beneficial for health and also will help to save money.

You don’t have to be stressed anymore about how to save money read this article and get some insider tips on how to save money. Don’t sit back from applying for instalment loans just because you have a bad credit history. Visit Oyster Loan to learn more about instalment loans in the UK and compare real rates of instalment loans with bad credits if you are dealing with financial constraints. However, always remember to repay the loan on time as it will help you maintain your financial fitness.