Let’s be real, saving money isn’t exactly the most glamorous topic. It’s tough to put aside those extra coins when there’s a hawt new Imprecca drop, or a brunch spot calling your name. And how many of us have felt that when we save for a rainy day, it literally rains the next day, forcing us to dip into our savings for an unexpected umbrella? 😩
The struggle is real, but trust us, saving is TOTALLY worth it. Being financially savvy can empower you to live your best life without stressing about money.
So, why should we bother saving? Girrrl, it’s all about the future YOU. Whether you’re dreaming of that IG-worthy vacay, an aesthetic new apartment, or simply want to have a buffer for life’s little surprises; saving sets you up for success. Plus, it’s super satisfying to know you’ve got a handle on your finances like the baddie that you are. WKDR! 💅🏽
Benefits of Saving
- Peace of Mind: Knowing you have funds for emergencies reduces stress. And stress is the last thing we want for you, sweetie. 🥹
- Financial Freedom: Saving gives you the freedom to make choices, like splurging on something special without guilt. 😌
- Investment Opportunities: With savings, you can explore investment options and grow your wealth. Think, securing an even bigger bag! 💰
- Achieve Goals: Saving helps you reach those big milestones, like buying a car or starting your own business. 💯
- Avoiding Debt: Having savings can keep you from relying on anyone for money, credit cards and loans. 🤌🏽
5 Ways to Save Like a Baddie
- Budget, Budget, Budget:
Track your income and expenses. Identify areas where you can cut back (do you really need to buy coffee from the coffee shop, everyday? 👀) and set realistic saving goals.
- Automate Your Savings:
Set up an automatic transfer from your main account to your savings account each month. It’s like paying yourself first – trust us, future you will thank you. 😘
- Embrace the 30-Day Rule:
Before making a big purchase, wait 30 days. If you still want it after a month, then go for it. This rule helps fight impulse buys and prioritize what really matters.
- Cut Unnecessary Subscriptions:
Do you really need all those different streaming services? Evaluate your subscriptions and cancel the ones you rarely use. It’s a quick win for your wallet.
- Shop Smart:
Be a savvy shopper by looking for sales, and using discount codes. Your wardrobe can still slay without breaking the bank.
Practicing what we preach
Last year, Boss B* introduced us to “The Envelope Way to Save” and gave us 12 envelopes each.
The envelope method is a simple, cash-based budgeting system that helps you control your spending by allocating your money into different categories.
Giving each of us 12 envelopes meant that we had a savings envelope for each month. If in one month you were able to withdraw R500 and put that into an envelope – great. The following month, R200 – also great. At the end of the year, you’ll be the one opening the “money love letters” to yourself and smiling at what a nice month August was because it had R1000 in it. 😍
The envelope method is perfect if you prefer a tangible way to manage money. It’s old-school but effective, giving you a clear visual and physical limit to what you can spend.
By following these tips, or even researching what works best for you - you’ll be well on your way to becoming a money-savvy baddie, ready to tackle life’s financial challenges with confidence and style. Remember, saving doesn’t mean sacrificing - it’s about making smart choices that benefit you in the long run.
Let’s get that bag, securely and stylishly!
