Do you constantly feel like you’re not sure what you spend your money on but it runs out anyway? The solution is not just in creating a budget. It’s in sticking to that budget, and doing a number of other things to manage your money better.

Here are five simple, yet efficient ways to help you take control of your money right now.

1. Stick to the plan

Getting financial advice or making plans with no intention to stick to the plan is a waste of time. Keep your goal in mind and revisit it frequently to help you remain focused. Know that every financial decision you make has its own implications.

2. Get your priorities straight

There will probably be an item that catches your eye which you had not planned for. Before you buy it, even if it’s something small, take an honest look at the things you need, and see if you really can afford it. Perhaps you can save up for it over a few months, instead of buying it on credit or with the money you had planned to use for other things.

If you save your money in your Multiply Money savings wallet, you will earn interest on your savings from the first cent you save –meaning you’ll have more money than you initially set out to save.

There will probably be an item that catches your eye which you had not planned for. Before you buy it, even if it’s something small, take an honest look at the things you need, and see if you really can afford it. Perhaps you can save up for it over a few months, instead of buying it on credit or with the money you had planned to use for other things.

If you save your money in your Multiply Money savings wallet, you will earn interest on your savings from the first cent you save –meaning you’ll have more money than you initially set out to save.

3. Take advantage of free money

Are you making the most of your Multiply discounts? Visit our partner page and see just how much you can save as a Multiply member. You can also earn cashbacks, which is real money, when shopping at our cashbacks partners like Pick n Pay, Dis-Chem and Clicks.

4. Save for big purchases

Make sure that you plan for all big purchases. If you know you are going to need to buy something that you would ordinarily not afford in your monthly budget, save up for it.

You can even set a savings goal on the Multiply Money app, and track your progress towards it as you save.

5. Save money regularly

Saving money regularly can be beneficial in many ways. Apart from being a good way to build a rainy day fund, it also helps you look at what you’re spending money on realistically.

You might also want to read this post on how Multiply Money can help you with your daily expenses.

Sources

https://www.thebalance.com/ways-to-be-better-with-money-960664
https://www.multiply.co.za/engaged/rewards/cashbacks/save-your-cashbacks/

https://www.multiply.co.za/engaged/money/money-management