Over the past few weeks I have been contemplating my savings habits and what I could do to improve on them.
I will not lie, I was definitely stuck on the topic for quite some time; I am not saying that I have the perfect saving habits, but I did feel I had relatively great ones that suited me.
In the end, the factor I found I needed to improve upon was the amount I was saving, and my spending habits.
Normally, money is taken out from my account and placed into my savings account. I do increase the amount occasionally, however as you may remember I only adjust the figure once I have adjusted well to my current budget, and it is at the point where there less money being spent every month.
How did I adjust my saving habits?
As I said, I decided to improve on the amount I was saving and my spending habits, which is aimed to help increase my savings amount.
Rather than increase the amount I was saving every few months, I have decided to increase it every month. It is pointless I wait so long in the year to increase my savings amount, just because I took longer to adjust to me new budget.
When it comes to my spending habits, I plan on cutting my entertainment costs. At this point in my life, I tend to prefer to hang out at home with a few friends than going to clubs and bars every weekend, throwing away money.
This is not to say that I plan on becoming a social outcast and not going out at all, but I will not leave it at a monthly occasion at most, at the very least once every two months.
How do you plan on adjusting your saving habits?