Making Your Budget Work

Published on Nov 22, 2015

Top tips on making a budget work for you (adapted from Prezi)

PRESENTATION OUTLINE

Making Your Budget Work

Follow our top tips for living on a budget and sticking to it
Photo by 401(K) 2013

Build a Solid Foundation

  • Done your budget and know what you can afford to spend?
  • How strong is your willpower?
  • Sticking to your budget will take daily commitment. Use our tips to help you stick to your guns!

Core Principles

  • Be consistent & honest about your spending
  • Set yourself savings goals
  • Keep motivated
  • Don't beat yourself up
Photo by stevemaher

Let's Drill Down...

Core Principles

  • Be consistent & honest about your spending: Remember to record everything you spend in your budget, even that daily coffee fix!
Photo by stevemaher

Core Principles

  • Set yourself savings goals: a journey without a destination will end with you getting lost. Keep motivated by reminding yourself exactly why you're saving
Photo by stevemaher

Core Principles

  • Keep motivated: regularly remind yourself of what your budget enables you (or will enable you) to do
Photo by stevemaher

Core Principles

  • Don't beat yourself up: if you fall off the budgeting wagon don't worry! Simply pick yourself back up and begin by planning where to recoup your losses
Photo by stevemaher

Keep a Log of Daily Spending...

Photo by 401(K) 2013

Don't rely on your bank balance to paint a true picture of your financial situation as timings on your income and outgoings may not tally (i.e. bills)

Photo by 401(K) 2013

Never without your phone?

Photo by premasagar

Download the online banking app from your bank's website and check out our list of personal budgeting apps (below).

Photo by premasagar

Treat Yourself!

Photo by ]babi]

Just like a diet, budgeting is all about balance.
Remember: Everything in Moderation!

Photo by ]babi]

Reached your monthly savings goal?

Photo by ekkebus

Reward your efforts with a little treat, as long as the cost of it doesn't offset the savings you've made!

Photo by ekkebus

Generate Extra £££'s

Photo by @Doug88888

Cut back on non priority spending, such as buying hot drinks or lunch on campus

Photo by @Doug88888

Share the Cooking

Photo by garryknight

Imagine cooking dinner only once or twice a week?
You could save serious money by sharing the cooking with your housemates

Photo by garryknight

Try freezing leftovers: you can use these for packed lunches when you're too tired to make stuff in the morning!

Photo by garryknight

Sell Unwanted Possessions

Photo by Frans & all

Make a quick, one-off buck by selling stuff you no longer use...

Photo by Frans & all

Try eBay or your local car boot sale, but be mindful of seller fees - don't let the cost of selling your used goods outweigh your profit

Photo by Frans & all

Planning a Night Out?

Take Cash:
Leaving the plastic at home will mean you're not tempted to blow all of your bucks on a pricey kebab

Adopt the Money Mantra...

1. Do I Need It?
2. Will I Use It?
3. Can I Afford It?

No? Don't buy it!

Photo by cpalmieri

Yes? Then...
Can I Buy It Cheaper Elsewhere?

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