‘These were my grandmother’s last words...’
Money matters. Whether you think of yourself as rich or poor, money is a taboo that affects us all in many different ways. Despite its effect on our lives, money isn’t spoken about as freely as the latest Netflix series or the most recent celebrity scandal. Isn’t it time that changed? Let’s get the conversation started.
Saving shouldn’t always have a purpose. While it’s a great idea to save for a holiday, car or house, having money ready for the unexpected is a really smart move. Creditspring was created in that philosophy: as insurance against unforeseen circumstances, a solution to a problem you don’t yet have, and protection for your peace of mind.
Relentless advertising, influencer culture and 24/7 access to social media can make it hard to feel satisfied in the present. You deserve a treat now and then, but most of the time try to focus on what you already have. If you still can’t get that new product out of your mind, try waiting a week, or longer for more expensive items, to see whether you’re still convinced that it’s necessary.
We’ve all been guilty of it! Markdowns in the reduced section can be hard to resist, but just because it seems like a steal, it doesn’t mean you’ll save money. Would you buy it if it wasn’t reduced? Is it replacing something else you were going to buy? A great money-saving trick is to make a list in advance - and stick to it.
Being aware of your finances is the first step to better money management - when you know exactly how much is in your bank account, it’s harder to accidentally go into your overdraft. Record everything that you spend in a month, and see what patterns emerge. Once you’ve established the habit of tracking your money, you might find you think twice before making a purchase.
Living within your means is a fool-proof way to handle your money. Planning your finances in advance leaves little room for spur-of-the-moment purchases, helping you to avoid uncontrolled spending. Of course, there will always be unexpected expenses, but leaving space in your budget for surprises and being a Creditspring member will help you cover those unavoidable times.
Next time you’re about to make a big purchase, consider whether it will cost you more money in the future, or whether it will retain or increase its value. While many day-to-day necessities are cheap and disposable, some hefty investments can be money well spent if they return a profit once you’ve finished with them. Think about whether their long-term value is worth the short-term expense.