Financial Freedom

Health Check Your Finances And Make Some Savings

This post may contain affiliate links and/or it may have been a sponsored partnership. All thoughts and opinions are my own. Please view our policy page for more details.

Not all of us are naturally great at taking care of our finances. We can simply just let our bank account do its thing. Money comes in, money goes out and what you have left is yours to do what you want with. But, more often than not, these days that live off money is relatively low, and we often can’t save for our future. However, this doesn’t mean that you can’t change your circumstances, by simply focusing some attention on your current situation there are many ways you can improve your outlook.

You can health check your finances and make some savings by using these tips. Create financial freedom by putting these into action.

Give your bank statement a health check

One of the first things you should do is take a long hard look at your bank statement and work out what you have coming in and going out. Doing this exercise could actually make you aware of how much you are actually spending on things like food or your utilities. But it could also highlight any payments that shouldn’t be leaving your account. You will be surprised how many people still pay for a gym membership they canceled or magazine subscription they no longer receive.

Consider if you are paying too much for some of your utilities

Some people will often think remaining loyal to a company is the best way to be, but in most cases, you will find that those companies are offering better rates and cheaper deals to entice new customers in. This is when changing providers for things like your mobile phone, energy and broadband could offer you a better rate and tariff, resulting in cheaper monthly payments.

Do you save?

How much do you save a month? Most people don’t save anything at all and live paycheck to paycheck. But, it’s worth saving even a small portion of money each week or month which will gradually build up over time. Getting into this habit means that you could start to increase the amount, it’s just a case of starting for some. A lot of people use money tins and save their coins each day, or even try to save a certain amount each day. Every little helps after all.

What happens when you have unexpected purchases or repairs?

Our finances can take an unexpected hit when it comes to unforeseen repairs. Household appliances and even our phones can cause issues. This is when you need a quick and inexpensive fix for the problem. Phones can be repaired with websites like ifixyouri.com whereas sometimes emergency savings might need to be used for cars or household appliances.

Have you thought about boosting your disposable income?

Sometimes we just need to be a little proactive when it comes to improving our financial situation. If we have spare time in the evenings or weekends, this could be put to good use by attempting some other ways to make money. Online surveys and mystery shops are a great way to earn a little extra income in your spare time. Decluttering your home can often present opportunities for items that could be resold online as well. This could not only help clear out your home but boost your income in the process.

Let’s hope this has given you something to think about when it comes to health checking your finances.

More Financial Tips :

Here are some practical ways to improve your finances. These tips will make a positive difference in your life without much pain.
Sometimes making money last between paydays isn't always easily accomplished but with these tips you may create a more comfortable lifestyle.
There are simple ways that you can do to start earning some extra cash. Here are five simple ideas to use today. Which ones are you going to use?

One Response

  1. Camila Walker May 6, 2019

Leave a Reply

CommentLuv badge

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Homeschool Life Parenting Raising Animals
There are so many fields that you can work in and you will never be limited to working on just one thing. Here are 7 reasons to start a career in beauty.
7 Reasons to Start a Career in Beauty

There are so many fields that you can work in and...

What are the disadvantages of being homeschooled? Read this blog post to find one homeschooling parent's answer. #homeschool #homeschooling #parentingtips #sharinglifesmoments
The Disadvantages of Being Homeschooled

What are the disadvantages of being homeschooled? Read this blog post...

There are so many things to do in Myrtle Beach, SC! Here are the top attractions in Myrtle Beach, SC that we have done with our kids. #myrtlebeach #sharinglifesmoments #travel #familytime
5 Top Attractions in Myrtle Beach, SC

My Dad choose to retire close to Myrtle Beach, and as...

Keeping your grocery spending under control doesn't have to be difficult. Follow these tips to decrease your budget needed. #financialfreedom #savingmoney #sharinglifesmoments
Keep Your Grocery Spending Under Control

Aside from your mortgage, your biggest monthly expense is likely groceries....

By using these budget ideas for lazy people you'll get yourself on track to saving money and even earning more of it. #budgeting #savingmoney #budget #moneymanagement
Budget Ideas for Lazy People

A budget is a necessary evil, even for lazy people. If...

By putting these simple tips to balance your money into practice you find more peace of mind. What else would you add? #moneymanagement #finances #sharinglifesmoments
Tips to Balance Your Money and Your Life

One of the biggest stressors for families is that of financial...

Use these seven tips to help you manage your money during the holidays. Which of these money management tips are you using? #moneymanagement #money #holidaybudget #savemoney #sharinglifesmoments
7 Tips To Help You Manage Your Money During the Holidays

Managing your budget during the holidays can be a challenge. More...

As a remote worker, it's important that we ensure we have cybersecurity measures in place. Here are some tips to help you.
How can remote workers keep their devices and information safe from cyber-attacks?

The recent advancements in technology have allowed many employees across the...

Make your transition to work at home easier by following these tips from someone who has done it for years with three kids at home too. #workfromhome #workathome
Transitioning to Work at Home

Forced to work from home due to the global coronavirus crisis?...

Here is a quick easy to follow how to create a profitable blog tutorial. It covers the first initial steps for getting a blog started. #blogging #bloggingtips #blogginghowto
How to Create a Profitable Blog

I get asked quite often how to create a profitable blog....

Juggling everything can be a challenge. Read these tips to pull off working at home, parenting, and marriage.
Tips to Pull off Working at Home, Parenting, and Marriage

Working from home can be a liberating experience, especially if you...

Before the Wrath Review & Giveaway 7
Before the Wrath Review & Giveaway

I was given the chance to review the movie Before the...

It's time to end racism. It's time for everyone to be treated equally and fairly. Just Mercy film is worth watching,and here's why!
Just Mercy Movie Review

I love a strong inspirational movie. I am also a fan...

Learn more about the I Still Believe romantic true love story movie here. Also, enter to win to see it and get some movie swag. #giveaway #sharinglifesmoments #moviereview
I Still Believe Review & Giveaway

I have been wanting to watch the movie I Still Believe...

Here is a list of inspirational movies to watch that will give you hope for our future generations. Be sure to come to pick out the one that interests you.
Inspirational Movies to Watch

I’ve always been a fan of inspirational movies. This becomes especially...

This Quick Cooker Beef Stroganoff will be a meal everyone will fight over. It's a wonderful comfort food meal that you can make in less than an hour. #recipes #sharinglifesmoments #quickeasymeals
Quick Cooker Beef Stroganoff
Quick Cooker applewood bbq ribs so delicious they'll make you wanna slap your momma. So simple, so quick, but still scrumptious. #food #recipes #quickandeasyrecipes #sharinglifesmoments
Totally Scrumptious Quick Cooker Applewood BBQ Ribs
Make home-cooked meals in less time and with less mess just got easier. Learn how to make this delicious meatloaf and homemade mashed potatoes here. #quickcooker #sharinglifesmoments #howipamperedchef
Quick Cooker Meatloaf and Homemade Mashed Potatoes
Make this delicious potato philly cheesesteak casserole in a few simple steps. This will make the family happy and full.
Simple Man’s Potato Philly Cheesesteak Casserole
shares