Budget tips your parents never told you about!


We all need to save money sometimes, and fortunately, budgeting is not that complicated. By making just a few adjustments, you’ll find that you gain insight and it’s an easy way to budget your money more effectively. The question most people have is where do I start and what do I do? To help guide you through these answers, we’ve listed some of our favorite budgeting tips. Your wallet will be glad you did!

The 50/30/20 rule is the most common rule most people have heard of. It makes saving money much easier by dividing your income into categories. The basic rule is to divide your monthly income (after taxes) into three categories. Category 1 is the rule of 50: this means that 50% of your income goes towards needs such as rent, insurance, gas bills, etc. In category 2, you spend 30% of your money on wants, such as restaurants, gym memberships and vacations. The last 20% goes to savings and debt repayment. Doing this every month will give you a lot of insight. This is essential to saving money, and eventually time.

Shower Coach
You and your family can save a lot of money on water usage. A shower coach will keep you from overusing showers. This device attaches to your shower by suction and gives you only 5 minutes to shower. Thanks to this rigorous measure, you will save up to 72 liters of water per shower. That means less water, less heating and a lower bill.


Zero-budgeting is about tracking every dollar you earn and allocating it to a category in your budget until you have no money left. Let’s say you earn $3,000 a month. You shouldn’t have any money left over after budgeting for your fixed expenses, savings contributions, investments and any other extras. Zero-based budgeting can help you see where your money is going and give each dollar a purpose.

Food and Grocery Habits
Try to shop once or twice a week. If you go to the supermarket more than twice a week, you are more likely to buy unnecessary products. If you do go to the supermarket, try using coupons or buying cheaper brands. Another good tip is to double the amount of vegetables in your meal and cut the amount of meat or fish in half (if you are not a vegetarian).

Know your finances
To save money, it is very important to have a good understanding of your financial situation. Having a budget and using it as a guide can help you see things more clearly. Set a limit for your expenses and make sure you pay for everything at the best price. If you need extra financial help or more insight into your situation, it’s always a good idea to use budgeting software or hire a professional to do it for you.

Trade clothes and other items
Some of your family members or friends may have the same size shoes or clothes. There is no need to constantly buy new clothes or shoes if you can trade them with your friends or family. Not only is trading clothes (which your parents probably told you about) a great idea, but you can also think about trading perfume or items you keep in the attic or basement.

Affordable cleaning products
Instead of paying too much for different types of cleaning products, you can use vinegar or baking soda as a cleaning product. These low-cost products can be used to make your home cleaner: you can use them for limescale, bad odors and even as an all-purpose cleaner.

Treat yourself
Don’t expect to become the best at financial budgeting right away. It takes time to get a stable view of your finances. So be easy on yourself, mistakes are easy to make. If you need more support to get your finances under control, we recommend using budgeting software or hiring a professional. You can easily find this online.


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