Penny-Wise Pathway💰 : Budgeting Your Way to Success

Do you feel like you're spending more than you should? Don't worry, we’re all facing the same problems and we’re here to help you!

💳 Make a budget

Using the 50/30/20 rule, you can efficiently make a budget for yourself

50 towards your needs

30 towards your wants

20 towards savings

🏡 List your expenses

Categorise your expenses into fixed expenses (like monthly rent, electricity bills, etc) and variable expenses (like groceries, entertainment, etc).

 📈 Set Financial Goals

A vacation or a down payment on a car is considered a short term goal whereas starting a new business or paying for a house is considered long term.

🖌 Track your expenses

Monitor your actual spending regularly by recording every expense. This could be done manually with pen and paper or by using budgeting apps and tools.

💸 Prioritise Saving

Aim to allocate a portion of your income to savings and investments. Start by building an emergency fund to cover unexpected expenses.

📲 Money saving apps

Lastly, every small step counts. Join money saving apps like Too Good To Go and …. You know what's coming - GreenJinn of course! Both these apps are free and help you save on so many pounds every year

Those are a few of the ideas that we came up with, which can be hard to follow, but once you start, there's no turning back. Let us know if you can think of any other ideas, we would love to hear them! 💚