How to Stick πŸ€” to Your New Year's Resolution 🎊 of Saving Money πŸ’° ...

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COMMENT

Resolutions require determination and willpower.

And it’s important to see the small things that make up the bigger picture.

With the small things you have achievable goals to aim at, and benchmarks to see progress.

Once you see progress it’s motivational to keep going.

Financial resolutions lend themselves very well to being broken into smaller goals.2

Here’s how to break up your resolution of saving money and achieve success.

1. Cancel Unnecessary Memberships and Subscriptions

Still paying for gym membership when you haven't actually bothered going there for months?

Cancel it and take up jogging or a home workout instead - it's free!

And while you're at it, why not cancel cable and watch all TV and movies by using free streaming or low-cost streaming services?

2. Unsubscribe from Advertising and Promotional Emails

Remove the temptation of impulse buying.

It takes seconds to unsubscribe from promotional newsletters and stores' email lists.

3. Start Understanding Basic Finance Rules

What's the difference between good and bad debt, credit and debit?

Do you know what budgeting and cash flow mean, or profit and loss?

Start learning the basics of managing money and you'll finally gain control of your finances.

Many banks offer free advice packages they aim at entrepreneurs and those hoping to start their own business but are equally useful for anyone wanting to get a handle on their personal finances.

You can download this information for free, including useful spreadsheets for forecasting your cash flow over a period of time.2

4. Stop Buying Takeouts and Cook at Home

Supermarket bought ready meals and take-outs cost hugely more than making a basic, but delicious meal from scratch at home.

Use takeouts as a special occasion treat and clear your schedule to make time for home-cooking at breakfast and dinner.

Take home-made sandwiches or lunchbox food to work instead of buying expensive snacks and sandwiches.

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