After Creating A Budget -This Is The Step You SHould Take

As in my last post I wrote about a first step which needs to be undertake in order to manage your finance is to create a budget.

So now you must have seen where all your cost is being spend. But you will still be thinking where I can decrease the cost. By spending less on social life etc? No. there are many other ways and steps to undertake which will help cut the cost.

1. Always plan your shopping list a head. This will enable you to just go and shop for the product are in your list other wise there you will be buying the product which you wont need. Trust me it really works.

2. Always look for reduced item as they are near expiry date, so if you are going to use if you are planning to use item before expiry date then why not gain a bargain.

3. Buy a cheap meat, no the expired meat, like buy in bulk 12 chicken and freeze them. trust me that is a real discount. for example I bought 18 medium chicken from my local wholesaler it cost me around 20 pounds.

4. you can also grow your own plant, this will help make your garden nice looking and fill one side with tomatoes, onions, chilies etc.

5. Look for special offer for example today I went to tesco and I saw buy one get one free tea bag box. So I bought ten of them. Which mean 20 for the price of ten? 50% discount. It works out really cheap. Think!!!

6. Always make your mind that you will try your best to save your money trying various strategies. Because if your are not motivated to save then there is no point.

First Step Is To Manage Your Spendings First

www.mycashgrows.com

First make a note of all your spendings such as direct debits, food etc. this will help you indentify that how much is your income and outcome. this will also help you indentify if you are spending more than you earn or you are in your budget lines. but you might be thinking how do i write this all now "this is not a long preocedure and trust me doing this will grow your cash"

You can write all your expenses in a book and do all the calculation but you wont have time for all this beucase these days every one is busy. so therefore there are various budget templates avaible which can help you enter you budget into spreadsheet template this will make it easier to do calculations. below i have provided a link to a template which can help you manage your money , so if you manage your money and control your spending this will lead to decrease you extra expenditure and will help grow your cash.

Free Excel budget template spreadsheet


budgeting template will make it all easy for you , you will be able to indentify where your most of the money is being spent and where you can cut the cost. doing this saves money which you can keep in a saving account or invest it to grow.

but you might have a question how to really grow you money. soon i will be writing all the money managing and investing techniques. all this will be a real life example to help insure you clearly understand how to save, invest and come out of dept.

if you think this post was useful, why not donate if you can . this will help me motivate and write more.this donation is not just for motivitaion it will also help me to improve my career beucase i want to increase my knowledge and want to do a course for financial advisor for which i need funding support. every little will help for me.