Feeling a little cash-strapped at the moment? Keep scrolling for 5 tips on how to stretch your salary and make sure you have enough dough to see you through these difficult times.
Besides drawing up a budget (which we suggest you do ASAP), there are other ways to make sure that your salary sees you through to the end of the month.
The below tips might require more effort than just blindly swiping your credit card, but your bank account (and your future self) will thank you for it.
How to stretch your salary to the end of the month:
Usually, we know about birthdays and weddings way in advance, so mark them in the diary now and plan a budget for each. No surprises = less wasted cash.
Do the maths
Which would you choose: coffee every day for a month or that leather bag from Zara? Grab your calculator and work out what you can cut to get your fash fix. Have a tissue on hand to weep at how much you’ve already spent on rubbish coffee.
Review your bills
‘Never pay full price for something without checking you can get it cheaper,’ says MoneySavingExpert’s Sally Francis, who recommends shopping around to see if you could save on bills. ‘If you want to be really savvy, stash the money you’ve saved – it could really add up.’
Check it all out
If you’re entitled to something but you didn’t get it, you need to claim. Paid for next-day delivery but your package didn’t arrive on time? Be sure to ask for a refund. Delayed by 15 minutes on the train? Check if you can get the money back.
Read more: How to complain… and get results
Whatever you’re purchasing online, take advantage of cashback sites such as Quidco.com and TBseen.com – sign up and you’ll get a percentage of money back. Or try switching bank accounts. Sally says: ‘Some banks pay you a bonus simply for getting on board. You’ll need to satisfy their switching criteria, but it’s a fairly easy way to bag extra cash.’ Kerching!