How To Make Your Money Last Longer

There’s nothing worse than finally getting your wage into your bank account, only to have it disappear within a day or two with no true idea of where it all went. From necessary outgoing expenses, to the impulse buys we know we shouldn’t have picked up, making the most of our money can feel like an ongoing battle we aren’t quite sure how to win. While payday loans are available in a financial emergency, learning how to better manage your money to make it last until your next pay check is a skill we should all have – we’re exploring exactly that below.

Review Your Expenses And What You Have To Spare

First thing’s first, you need to work out what money you have coming in and how much of it will be gone after bills, utilities and other essential payments. Making a list of these necessary outgoings can then give you a better idea of what you have left and how much you have to work with. Making your money last can only work once you’ve paid what is necessary.


Next, as you might expect, is to make a budget. Here, it’s important to be realistic but also to be strict with yourself for the expenses you know you can live without. Making your money last is a case of picking and choosing what you need, what you really want and will get value from, and what you could safely wave goodbye to for a month and probably not miss at all. Would it really be a hardship to bring a water bottle to work rather than buy another bottle from the store on the way in? How about that lunch you’ve treated yourself to every day this week? Deciding what you can and are willing to cut can help you budget much more effectively overall and still have some to spare.

Avoid Impulse Buying

Of course, this is much more easily said than done, but it’s important to do your best to avoid impulse buying as much as possible. When you see something that you simply have to have, stop and think about it. Do you really need it? Could you take time to think about it and come back later to get it? It’s our impulse buys that we’re likely to regret the most, so taking time out to think about it before you spend the money on something you don’t really want can save you hundreds every year.

Stick To Cash Where Possible

If you’ve built yourself a budget, why not take out what you have to spend per day or week and keep it in cash? This way, you have a better visual on what you have, what you’ve spent and how much you’ll need to cut down on to avoid going over budget. It’s easy to spend money that we just don’t have when it comes to paying by card, and losing track of what’s left on it is even easier so try and use cash for everyday purchases where possible.

Consider Big Saving Techniques

While these tend to be much more long-term, bigger saving techniques like changing your gas and electricity supplier and paying off your debts are great ways to make your money go a bit further. Focusing what you have into paying off what’s owed will take the weight off of your shoulders when the time comes that you’ve managed to pay it all off. Similarly, you could find that by switching your gas or electric supplier, you can cut down the monthly outgoing costs considerably!

Our monthly wages can disappear quickly and knowing how best to deal with the outgoing costs and better manage our money can make it all last that much longer. Whether you want to start saving or you’re looking to make a big purchase in the near future, knowing how to better handle your funds can help you do exactly that.

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