Saving Up For A New Career

by Pam on November 29, 2017

If you want to end 2017 on a high and start your own career for the new year, then first of all congratulations. It’s not often that people are able to quit their job and move on to something new. It takes a lot of courage and can be incredibly risky. If you haven’t quite decided yet or you are about to start preparing for your new career, here are some tips to help you along.    

Learn to budget 

The first step to being able to spend your money wisely each month and also allowing for savings to accrue in your bank account. Try to start making big batch meals in the week to save on electricity and food bills, and make sure you never use credit to pay for anything. If you don’t have the money, don’t buy it. Use this logic to take you through life and you will find that you end up with much more money leftover at the end of each money to put into savings for your business start-up.

Layer up

To reduce your heating cost in the home and save you some extra pennies, stop turning the heat up and instead wrap up in layers. You will be comfy in fleecy pajamas or knitted jumpers and your heating bill will stay low, as it should do. Other ways to reduce the cost of heating your home are to light candles in the evening to warm the house naturally, or to cook your food a little bit slower in order to warm the whole house as you prepare the family dinner.

Cut back on unnecessary spending

If you find that every lunch time you go out to the shops and buy yourself a sandwich, a packet of crisps and a starbucks coffee, you will notice after a while that you are spending a lot of money which you don’t need to be spending. It i easy to get carried away while we are out and about, but it is crucial that we check our bank accounts regularly to make sure that you know exactly where your money is going. Doing this will mean that you can hold yourself accountable for your spending and as a result you will be able to show more restraint the next time you are in a situation where you can buy things you do not need.

Learn how to invest your money to make some extra cash while you are still working full time.There are a ton of different routes you can take with investment- you could buy a house at auction and sell or rent it for extra income; you could put your money on the stock market and buy a share in a popular company then sell it on for profit; or you can even use trustedforexbroker to invest in foreign currency and keep an eye on the exchange rates around the world to make some extra dough and fund your business.

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