This post is in collaboration with Leeds Building Society.
I strongly believe that the person who said “money can’t buy you happiness” was either rich or a liar. Money isn’t just for buying things. It can provide security, safety, and experiences. In fact, money is pretty great (if you have it). Unfortunately, I’m definitely more a spender than a saver when it comes to handling finances. That’s why I’ve accepted the Leeds Building Society‘s challenge to train myself to be a saver!
At this stage in my life I’m wanting to do all those ~adult~ things like buy a car and start saving for a house deposit with Rhianna. Instead we’re eating out far too often (because food is life) and frittering away money on pointless purchases. That’s why we’re excited for this challenge – we’re totally capable of saving money, we just need to get into the mindset of doing it.
Leeds Building Society has teamed up with Consultant Psychologist and author of the book ‘Willpower for Dummies’, Dr Frank Ryan, to provide us with some advice (and a few lifestyle tweaks) to help us become better savers. It all makes a lot of sense and it’s weird how obvious things become when someone actually says it to you. The main focus is on setting targets and having the willpower to reach them, which means planning in advance and avoiding tempting situations. So there will be no more buying lunch at work, or getting a lazy Uber home. Instead, that’s all extra pennies for the “I’m an adult” fund.
I can’t speak for Rhi here, but I’m definitely not known for my willpower, so I do think I’ll struggle a bit with the challenge. My issue is that I get major FOMO, so I don’t like to miss out on new games, or nights out. Whilst it’s fun, it definitely isn’t healthy for my wallet! That’s why having goals will be so important for me in this process. It’s so easy to spend more when you aren’t working towards something, which is why I’m setting myself some manageable targets!
- Set up a savings account and put aside at least £250 a month.
- Plan my lunches rather than buying at work.
- Change my gym membership and start actually going again.
- Enjoy a cost-free experience, rather than an expensive day out.
Using the tips from Leeds Building Society I’ve made these targets as achievable and personal as possible. That way, I should actually be able to manage them, whilst also setting myself up properly for life after the challenge!
Would you class yourself as a saver or a spender? Let me know in the comments!
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This post is in collaboration with Leeds Building Society. All words and opinions are my own.