Budgeting habits you need to hold on to during the quarantine | Lifestyle.INQ

OCTOBER 27, 2022

One of the many aspects of our lives that has been affected by COVID-19 are our expenses. While staying home has allowed us to save more money by cutting down on transportation or eating out, it’s also meant managing a tighter budget for most people—especially as businesses struggle to stay open and unemployment figures continue to rise day by day.

Fortunately, there are so many resources on the internet that are made to help you save more money and build up emergency funds or investments. Here are some of them:

 

Cut down on spending

Making impulse purchases may have sounded like a good idea during the first few weeks of the quarantine, but it’s time to start re-learning (or adopting) smarter spending habits now that we’re a few months into the lockdown.

[one_half padding=”0 5px 0 5px”]

If you really want to save money, stop spending on these 3 things

[/one_half]

[one_half_last padding=”0 5px 0 5px”]

money savings budget finance
Money Smarts: ‘Budgetarians’ share tips on how to stop burning money

[/one_half_last]

Keep track of your expenses

After cutting down on your impulsive spending habits, it’s time to figure out where you want your expenses to go. Whether it’s investing more money on your health or saving up for a trip you want to go on after the pandemic is over, here are some tips to help you get started on your budget.

[one_half padding=”0 5px 0 5px”]

We found the Japanese art of saving money

[/one_half]

[one_half_last padding=”0 5px 0 5px”]

This is how you can save money for the upcoming holiday season

[/one_half_last]

Grow those savings

Now that you’ve developed better spending habits, what should you do with the extra money you have now? Start considering ways to help that amount grow, of course. Some tips include asking your bank about investment options or  looking at other avenues for money-making

[one_half padding=”0 5px 0 5px”]

nolisoli be fixture financial struggle
How to save over P50,000 by the end of 2018

[/one_half]

[one_half_last padding=”0 5px 0 5px”]

Think ahead: 5 ways to secure your future

[/one_half_last]

 

Header photo by Michael Longmire on Unsplash

Get more stories like this by subscribing to our weekly newsletter here.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

MOST VIEWED STORIES

FROM THE NICHE TITLES