1. Know exactly where your money is going and why
Take a pen and a pocket size notebook, write down every
single thing you spend on, no matter how insignificant you
may think it is. As you go through the month keep adding
on, you will definitely remember expenses you didn’t even
notice you were paying for. With this exercise you may find
that you are able to save easily in certain areas, and you may
utilise these funds to pay off your debt quicker.
2. Food & Household Items
Instead of buying takeaways, make your own sandwiches at
home or cook a bit extra the night before and take that for
lunch. You could also try to cook bulk meals on the
weekends that can be frozen in meal-sized containers.
Shopping for groceries is much cheaper when purchased in
bulk. Planning of your meals, may take a little bit of effort
but you can reduce your grocery costs quite substantially,
and you will also be more organised during meal times.
3. Lift clubs and travelling
Lift clubs are a great way to decrease your petrol
spending. Create lift clubs for work and kids schooling
trips. If you are not a fan of lift clubs, try planning your
trips to work, school, shopping etc., so that it incorporates
several tasks at once. Perhaps use the saving on petrol to
increase the instalment payment on your vehicle and pay it
off quicker.