Article
Nigeria is in a recession.
This has made many to significantly cut their spending. So, as 2017 beckons, it
is essential for you to make money resolutions in other not to fall into any
financial abyss. In order for you not to be inundated and spend aimlessly,
Jumia Travel encourages you to try these 5 tips for saving money next year.
Put
it in writing
The very first financial
resolution you should make is to spell out your financial situation. You can a
few hours to take inventory of all of your financial accounts. This will go a
long way in helping make reliable money decisions.
Use
your smartphone to help you save
There are uncountable apps
available to help save and at the same time watch your expenditure. These apps
will help you analyze the way you use your accounts. It also allows you to
compare how much you spend versus save. You can use mint.com.
Start
small
You don’t need to make any
extreme financial decision at the beginning of the year. You should make small
changes when cutting your spending so that it won’t have a huge impact on
you. With these gradual changes, you
will have reasonable savings and at the same time get the best for yourself.
Look
for ways to earn extra money
Another important
resolution you should make is looking for ways to earn extra no matter how
small. This will diversify your financial sources.
Reduce
impulse spending
You should make it a habit
to reduces the purchases you didn’t plan for. Your rule of thumb should be if
it is not in your budget, you shouldn’t but except if the purchase or
transaction is very important.
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