How to save money

 Now that I am a mum, I find our money doesn't last as long as it did, which makes sense, but it got me thinking about how I am managing for us to still save up to buy our own house and how other people could use my way to save money themselves.

I have made a post a while back on how to budget, which plays a key role in how I save money now. Any money we want to spend in the fortnight is accounted for in our budget. 

• After creating our budget, I work out how much money we have leftover after bills each pay. 

Say we make $1,300 a week, but have to pay $1,000 a week on bills (Random numbers as an example). It would mean we have $300 leftover each week to put into savings.

• I make a list of everything we need to buy or spend money on soon in order of urgency, and make sure that I include an overestimate price so that we are not short when it comes to needing to spend the money. I also include when we need to spend the money by in the case of appointments etc.

Take the car to the mechanic to get it fixed. $400 {30th June}

New laptop $1,500

Dress for Christmas $50 {20th December}

• I then split whatever we have leftover in half. One half will go into a savings account to keep adding up to get a house, car, or if something comes up urgently like a medical bill, we didn't expect. The other half will go into another savings account, and that will add up to pay for whatever expenses we know are coming up.

$150 towards long term savings

$150 towards saving for expenses.

All these numbers are very much made up as just an example, but that's how I make sure we are saving our money wisely, and we are not short if something does come up because life is unexpected at times, and you never know what's going to happen.