Well guys here we are in 2021, how’s it going so far? I would say there’s change and then some. Some things have changed and others have not. But here we are.
I just hope (like many others) that 2021 is better (way better) than last year. The year was so bad, it will go by no name, just last year.
Better in any and every way. Socially, spiritually, emotionally, physically and of course, financially. Here’s to better more improved finances in whatever form that takes for you. Maybe a fatter savings account, maybe smart (or smarter) investment choices or maybe just new found personal finance knowledge. Whatever an improved financial situation looks like for you – here’s hoping you reach it. And then some.
With that in mind, below are a few tips on the topic of (saving money) that should get you in the spirit of all things saving money. If you would like to partake in next months round up, shoot me an email via my contact form.
Kayla from Writing from Nowhere writes:
Break up with consumerism. It’s been a bad relationship for a long time: advertising is a multi-billion dollar industry trying to convince us that we’re too overweight/wrinkled/out of fashion to really be happy. It’s toxic. Unsubscribe to brand emails, unfollow accounts on Instagram that cause you shop, and consider downloading a Google Chrome extension that blocks ads on Facebook and YouTube. We control the volume and can turn a lot of this noise down. After you’ve reduced your ad exposure, implement a one-month buffer on any purchase: if you want to buy a new travel coffee mug, winter coat, rainboots, etc., you have to wait one month before purchasing it new. That gives you one month to find it secondhand, borrow the item from somebody else or forget about it.
Missy says – I agree with Kayla. Guys don’t fall for marketing or advertising gimmicks. Case in point? Do you REALLY need a heavy blanket on you to relax or fall asleep. We think not. The weighted blanket (in my opinion) has got to be one of the wackiest marketing gimmicks of the past few years. I don’t want anything heavy on me when I’m sleeping or trying to sleep or trying to relax. I get that (maybe!!!) it’s soothing to have something warm and comfy to fall asleep, but something heavy? I’m not buying it.
Kayla is a blogger dedicated to helping people design the lifestyle they want and find freedom by working online. She’ll be your digital friend next door as you learn how to find your ideal lifestyle and kickstart your online business. Visit Writing From Nowhere to find inspiration and practical guidance as you start navigating the exciting world of online work and entrepreneurship.
Katelyn from The Home Chic Mom writes:
My favorite money saving tip is to install the free app Every Dollar and start telling your money where you want it to go! It has been a game changer for our family, and we have been able to make so much headway with our goals because we can finally edit our habits according to our income.
Missy says – I have yet to try this app, but it sounds interesting. Keeping tabs on your money is always a good thing and if this app helps you do that, we’re ALL all for it.
Katelyn is a mom of three and loves to help women with implementing simple home management systems, saving money and creating beauty on a budget.
Gabby from Mom v Home writes:
If it ends up in the sewer or the trash – Rethink it! Invent new ways of getting that item cheaper or for free. Having the mindset of money (literally) going in the trash or down the drain is a great way to find savings. Let’s take the humble Paper towel it can easily be replaced by: 2 Bathroom hand towels, 2 Kitchen hand towels, 1 Counter top terry towel, 1 big towel designated for the floor (spills would take up half a roll in my household). Bonus hack: Add an Antibacterial / Disinfecting spray to this anti paper towel party and just like that, you also removed Lysol wipes from your shopping list! Think about anything you throw in the trash or down the drain and try to find ways to reuse or buy cheaper product (think bulk buy) Your hard earned money should not be thrown away!
Missy says – Finding ways to reuse or buy cheaper is something I can get behind. Reusing grocery bags as garbage bags, etc. is but one tiny thing we all can do to practice reuse. So many other examples, that is but one – ANYONE can do.
Mom v Home is an informative blog that gives moms tips and tools to be a stay at home mom when their household income is average or low. Statistically in the USA, most one-income households don’t bring in over 60k. It is a hard decision to make changes financially, so you can stay at home with your children. Gabby’s goal with her blog Mom v Home is to make this transition as simple and painless as possible. Gabby’s previous career was in finance and successfully transitioned to one income when she lost her job during the pandemic. Now she is a stay at home mom comfortably, on a household income below 60k. If you are wanting to stay home and you don’t know where to begin, start with Mom v Home.
Clarissa from Modern Hipster Mama writes:
My husband and I use a free Google spreadsheet template (https://docs.google.com/spreadsheets/d/1M5WJyLnM6D64jBOWWLagiflbzKXj6EsIJpWmTvcpGE0/template/preview). We customized each category and set monthly limits. On the second part of the spreadsheet, we input each expense and assign it to a category. The spreadsheet automatically calculates how much is left in that category! At the end of the month, we roll any leftover money into the next month’s sheet (great for our “fun money” category). Google Sheets works on smartphones, too, so we can update on the go! That way, receipts don’t get lost before we remember to input expenses. We’ve been doing this for a year and have saved so much money. The spreadsheet has helped us become mindful of our spending!
Missy says – If you’re not sure where your money is going every month, a spreadsheet like Clarissa uses above can be helpful in keeping track. Sometimes just knowing where your money is going can be enough to keep you where you want to go. Maybe you want to reduce expenses in a certain category (for me, it would probably be takeout) or maybe you just don’t know where your money goes every month. This is a good stating point.
Modern Hipster Mama helps moms find style, sanity, and sisterhood. Clarissa’s passion is helping moms’ lives become easier and more beautiful. Her Instagram and blog are filled with self care tips, mom hacks, and family fun ideas – as well as honest looks at postpartum depression, anxiety, boundaries, and more. She’d love for you to join the conversation.
Daphne at Free at 50 writes:
Figure out your actual needs, you’d be surprised to figure out how little you need to live and pay your required bills. Most things are a choice, prioritize. I summarized it in my (Budget Matters) post but the concept runs through my whole blog.
Missy says – I love this one. Figuring out what we need versus what we want is a great starting point in improved personal finances. Many times, just sorting this mini puzzle out can help in making BIG strides and keeping yourself in check when it comes to your overall financial picture.
Daphne Reznik is the creator of the Free at 50 blog, which focuses on life after corporate, how to transition into professional freedom and resources to create income streams. She has a diverse background having worked in state government, small business, and most recently, a large corporate entity. Her experience supporting businesses and leading a national staff training program, provided her with a skill set she is using to design a lifestyle as a blogger and to inspire others.
Hope you enjoyed our money saving tips round up post for January 2021. Be on the lookout for our next round post and if YOU would like to participate, reach out to me via my contact form and let me know.
Hope your January goes well. Stay safe, take care, be well. 🙂
We may earn money or products from the companies mentioned in this post.