Looking after your small change will make a big difference
Whilst it’s really easy to take money out of a cash machine and keep note of what you’re spending visually, it can be a little more difficult to keep tabs on how your online spending is going. The act of passing over notes or coins to pay for goods is a visual cue for us, helping us to understand what we’re spending. Virtual payments, including card, mobile, or online, don’t give us the same visual cue, making it easier to forget about exactly where our money is going. This means that you might need a little help to keep track of your online spending and we’ve got some tools to help you.
Save Money on Online Entertainment
The internet is a great place for keeping ourselves amused, we might have a television subscription for those evenings of kicking back, an online gaming subscription to keep us busy on the evening commute, or a music provider to get us through our morning workouts. With all of these things, there are really simple ways to save money. Online film and television providers like Amazon, Netflix, and Apple all need to compete with one another to gain customers and in order to do that, they’ll usually offer free trials to new customers. So, if you already have a Netflix subscription, but haven’t tried Amazon Prime yet, then why not get rid of your Netflix subscription and take advantage of a free trial from Amazon. It’s possible to swap around providers like this for a while. Then once you’ve decided on a favourite, you can stick with them knowing you’ve saved as much money as possible and found the best provider for you.
The same sort of rule applies for online gaming companies and online music companies, though with some differences. For example, if you enjoy online gaming at casinos then you don’t need to search for free trial subscriptions. Just as online streaming companies have competition, so too do online casinos, but the offers that they provide are slightly different. Online casinos will offer new customers free bets, free spins, or deposit bonuses as thanks for choosing their company over a competitor. The only difficulty is that because so many companies promote their offers, it can be tricky to find the best ones. A company called Asiabet has made listings for all of the trusted casinos in Asian countries like India, that they’ve independently reviewed. As part of these reviews, it’s possible to see which are offering the most competitive signup bonuses, so that you can make sure your play money goes further.
Make a Monthly Spending Plan
A notebook and pen is all you need to make a monthly spending plan
Now that we’ve tackled saving money on entertainment, it’s time to talk about spending it. At Scoop Earth we’ve written about tackling financial stresses and one of the best ways to feel in control of your finances is to make a spending plan. For some people, this will include absolutely everything from your grocery shopping, to your phone bill to your morning coffee. For others it can be a little more relaxed, allowing you to group your spending into umbrella categories, such as leisure, bills, and repayments. Making a plan based on your income and your necessary outgoings will help you to understand exactly where you’re spending too much and where you can afford to save a little. A simple program like Excel can help you to do this, but even good old-fashioned pen and paper work.
Set Aside Money Automatically
Now that you’ve made your spending plan, you’ll be able to see how much money you’ve got left for saving. Even if you’ve not got anything in mind that you need to save for right now, it is super important to save what you can. It could be that your car breaks down and you need an emergency fund to pay for it, it could be a birthday that you forgot. Having that buffer between your monthly spending plan and being broke makes life a lot easier. There are plenty of banking apps that can help you to achieve your spending goals, with Monzo being one of the options that automatically sets money aside for you. You can choose to have the app do this by rounding up each of the purchases you make with your card and setting that change aside, or you can set spending goals where it will transfer a set amount of your salary into a different pot each month. Getting your savings started is without a doubt one of the most important things you could do this year.
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Anchor: Asiabet
Link: https://www.asiabet.org/india/
