5 Tricks to Increase Savings – Or Your Money Back 106

5 Tricks to Increase Savings - Or Your Money Back

This article was written by Lauren Wiseman, a marketing specialist, writer, and entrepreneur, currently based in Melbourne. She helps clients grow their personal and professional brands in fast-changing and demanding market environment. Covering finance and investment topics, Lauren strongly believes in holistic approach to business.

Do you ever get that feeling that you’ve got your finances all figured out? You pay all of your bills on time, you do your weekly shopping and you’ve just bought your kids new school supplies. However, once you take a look at your savings account, you realize you could be doing better.

Still, there’s no need to worry since this is what happens to many people out there.

In fact, the household savings rate in Australia has dropped to 4.6% in the second quarter of 2017.

In fact, the household savings rate in Australia has dropped to 4.6% in the second quarter of 2017.

Luckily, there are some tricks that can help you increase your monthly savings. We’ve come up with 5 of them that might be exactly what you’re looking for.

1. Try to avoid shopping sprees.

People who enjoy going on shopping sprees are usually the ones who simply can’t put any money under their mattress each month.

If you fall under this category, you might want to avoid going on a shopping spree as much as possible. One of the best ways to do this is to start using a wishlist.

You can use this list to write down things you want and their price tags. That way, you’ll be able to stay in control of your shopping sprees and only spend the amount of money you’ve intended to.

When you go shopping, make sure you write down the things you want to get and avoid buying anything else.

It’s also a good idea to go shopping on your own since shopping with a friend or a family member usually means you’ll buy something you haven’t really planned spending your money on.

2. Focus on paying off your debts.

No matter what kind of debt you have, it’s always going to have a huge effect on your savings account. Still, if you focus on paying off your debt, you might just be able to get rid of the debt and still put some money on your savings account at the end of each month.

The best way to do this is to make your payments as soon as your paycheck arrives. That way, you won’t be able to spend your money on something else and you’ll know exactly how much money you have left in your budget for that month.

Moreover, it’s always a good idea to pay more than the minimum. If you start doing this, you’ll repay the charges more quickly and lose less money on interest. If you have more than one debt, we recommend making a list and make repaying the ones with the highest interest rate your priority.

3. Make your budget.

Another important thing you’ll have to do when trying to increase your savings is to make your budget. Do this and you’ll know exactly how much money you can spend each month and still be left with some money to put on your savings account.

Figure out exactly how much money you earn every month. This includes the paycheck from your full-time job and from any work you do on the side. Then, come up with the amount of money you spend on things like mortgage and bills and deduct that from what you earn.

You’ll be able to come up with your spending limit and make sure you never overspend. Moreover, you can start setting aside a small percentage of your paycheck every month.

4. Have clearly defined goals.

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Just like with anything else in life, you need to have clearly defined goals when trying to increase your savings. This is guaranteed to motivate you to limit your spending and save some money each month.

You can start by choosing something to save your money for.

For example, you can try saving for a family vacation or that car repair you’ve been delaying for months. Besides coming up what you want to save for, you also need to try and figure out how long it will take you to save enough money for it. Luckily, there are plenty of tools like Google Docs that can help you with this.

Also, bear in mind that there are special investment accounts you can go for if you decide to save for retirement or your kid’s education.

5. Use your credit cards wisely.

Credit cards are so convenient and easy to use. But if you go crazy with these, you might just end up having absolutely nothing to put into your savings account.

On the other hand, if you use your credit cards wisely it can be an important financial tool that’s going to help you save money. When it comes to using your credit cards wisely, the most important thing you’ll have to do is check your credit reports from time to time.

This way, you’ll know exactly how much money you can spend and still be left with something to put on the side.

On top of that, we also recommend paying off any credit card debts you have as soon as possible since these can make your life really difficult.

When making some large purchases, things such as personal loans are a much better option than credit cards since they usually have lower interest rates.

Follow these 5 tricks and setting aside some money for your savings account at the end of each month will be a real piece of cake. However, this doesn’t mean you should stop looking for some new ways to increase your savings.

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The Importance of Exercise to Your Professional Success 4

The Importance of Exercise to Your Professional Success

In today’s world, most jobs are demanding both physically and mentally. Competition is not always based on the best resume, education, or experience. Having the upper hand in your profession is most likely linked to your ability to think quickly, act appropriately, and carry out difficult duties with the utmost quality.

You need to be able to bring something new, different, and maybe even better to the table. So, how can you get the edge? How can you maximize your professional potential and output?

Believe it or not, the answer to that question might be found outside the workplace. It may be what you do when you are not at work that makes the difference in your work. What is it? EXERCISE, that’s what!

Replace Some Screen Time or Other Time Wasters.

Everyone needs to take a break from the workday. Television, gaming, social media, and video-viewing are what we often go to for this.

Try replacing some of your downtime with exercise, or trying exercising while you are in front of the screen. Exercising instead of sitting will not only help relieve some stress from your day but also help release some built up tension so you can actually rest better at night, helping you be better prepared for the next work day.

Exercising a few hours before bedtime elevates your body temperature. When your body temperature returns to normal, your brain and body are ready to sleep.

Exercise Sharpens Your Thinking.

It is a fact that as we age, our cognitive abilities decline.

While researchers may not have found the cure for dementia-related disorders, they do know that exercise helps delay onset or slow down its progression. Exercising during the years of 25 – 45 can boost the brain chemicals that prevent shrinking of the brain. It has also been shown to create new brain cells and increase proteins found in the brain that help keep thinking skills sharp.

Exercise Reduces Sick Time.

Exercise improves general health functioning and helps build your immunity to illnesses.

It has also been shown to increase our ability to think and work under stress, rather than giving in to the stress and being more susceptible to illness.

This keeps you reporting to work on a regular basis, and taking less sick days. The more you are at work, the more productive you are, and the more your employer values you.

Working Out Increases Your Stamina.

Long work days can leave you drained and listless. If you know you are facing long meetings, strenuous work sessions, or overtime for increased production demands, you can prepare to meet these challenges head-on.

As you exercise, over time your stamina will be able to withstand longer and more strenuous workouts. It also translates into helping you stay sharp during those long, arduous workdays.

Yes, How You Look Does Count.

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While it may never be mentioned, your appearance is noticed by employers, co-workers, interviewers, etc. You do not necessarily need to look like a buff bodybuilder, but having a svelte, strong appearance is a benefit.

Other’s first perception of you is of great importance. Think about interviewing prospective employees. Honestly consider the impact of their first impression on their employment outlook. Healthy looking is definitely a check in the “yes” column.

Energy levels are also higher when you are exercising regularly, and your energy is part of how you are perceived overall. When you start to feel better about yourself, you begin to present a more positive image to your coworkers.

It Boosts Your Confidence.

When you have conquered a goal in your exercise plan, like being able to run an entire mile instead of having to stop and walk some, you know you have accomplished something. You are on your way to bigger and better goals.

There may have been times along the way that you felt like that milestone would never come, but here it is. You feel proud and motivated to keep working toward your next goal. You see the fruits of your labor. You are energized and begin to feel better about yourself overall.

You begin to feel a sense of accomplishment that does not leave when you exit the gym doors. You carry that as a boost in your confidence as you go into work.

Bring the Habits of Exercise to Work.

What else do you learn through exercise? Goal setting, resilience, perseverance, learning new things, taking chances, organizing and managing your time, just to name a few. These are great skills to boost your performance at work, too.

You begin to realize that you can take what you have learned through setting up and sticking with an exercise plan to the workplace. You can use all these skills in your career. As you do, you will become more confident and thus, more effective in your daily tasks.

All of these are learned by starting, committing to, and following through with a fitness plan, and can become more of a life plan.

If you are looking for a job, being physically fit might not get you the job, but it will definitely help your chances. Your first impression is incredibly important, so do not brush off exercise and fitness lightly.

Exercise has so many benefits like sharpening thinking, building stamina, increasing energy, reducing negative effects of stress, building immunity, and boosting self-confidence. This can really help you in your professional success.

The benefits extend beyond your exercise time.

They stay with you day in and day out. If you are not currently exercising regularly, just start today, doing something small. Some sit-ups in front of the television, taking the stairs instead of the elevator, cleaning up your diet, or increasing your walking pace as you move around the office are good ways to get started. You will feel the benefits, even with these small steps.