Almost everyone does it: rationalising their spending. Perhaps you bought a bagel yesterday and a takeaway meal today. These are small treats that aren’t necessarily included in your budget and can be easy to excuse. However, you have to think about how these little expenditures can cost over time.
For instance, if you buy a cup of coffee per week for £2, that easily eats up £104 of your income per year. £2 hardly seems like much, yet when you incur it more often the overall cost can grow quickly. The last thing that you would want to happen is to run your budget to the ground. Make sure that you pay attention to the many money-suckers in your life.
A good example of these are your car maintenance costs. While it may be important for you to keep your vehicle in good condition, you should consider areas where you can save. You can start by forgoing taking your car to a professional carwash and doing it yourself at home instead. You’d be surprised at the amount you save from that alone.
A professional car wash costs £7 on average. If you wash your car every two weeks, that totals to £14 a month, and £168 a year.
If you want to go the extra mile, you can look into waterless products like1DryWash so you can cut down your water bill, too. Washing your vehicle with it doesn’t even have to be a chore – all you need to do is spray the solution on the surface you want to clean then wipe with a microfiber cloth. With several eco-friendly and innovative products available in the market today, you don’t have to look far to get smart with your vehicle maintenance.
Apart from car-related expenditures, there are many other aspects you should look into for proper money management. It’s crucial that you decide on a budget and stick to it. Little expenses can have major effects in the long run so don’t underestimate them. It might not be necessary to list down everything you pay for on a daily basis, but it helps to be aware of what you’re spending on regularly.