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(Last Updated On: October 23, 2018)

It takes a lot of time to make money, but for many of us, it doesn’t take nearly as much time to spend it all. Thousands can disappear in the blink of an eye if you aren’t careful, and it doesn’t take long to end up in some serious debt from overspending. Thankfully, there are plenty of ways to save cash and live a financially secure future without being cheap.


Who looks after your money?

The short answer: you. You are responsible for your money, not the banks, your investments or anyone else. If you’re going to live a life where money isn’t an issue, then you need to choose the best ways to look after it. Of course, you could always seek assistance from financial advisors that are more than capable of giving you a hand to manage your wealth. But what are financial advisors? In short, they take a look at your current financial situation (this includes your income, expenses and so on) and they turn that into advice. For example, if they notice that you have a lot of savings in the bank, then they might suggest safe investment opportunities to help you grow your savings.


How investments can give you security

An issue with savings is that they’re sitting around doing nothing. Sure there are some interest rates that you can take advantage of, but they’re so low that you’ll need a colossal amount of money in your savings account to even make use of it. This is why investing in things such as precious metals and companies can ultimately give you more security that saving money in a bank. Let’s also not forget that inflation can negatively impact your savings, causing their value to drop over time.


Frugal living is the way forward

It can be difficult trying to sleep at night when you’re worried about your money. This is probably why frugal families have a much more fulfilling and easy life to live—because they know how to get great deals and save money. Don’t forget that cheap and frugal have different meanings. Cheap just means you’ll pay the least amount of money for something without fail, but frugal means you’re more than willing to pay a little extra in order to get a better deal. Frugal living is all about cutting expenses and saving cash, and adopting these practices can lead you to a financially secure future.


Listen to your brain

Don’t listen to your heart when it comes to money. You need to hold on to every penny you have if you want to secure a safe future. If you see something on sale that you really want, hold off buying it because it’ll probably go on sale in the future. Want to buy a house? If you’re not financially stable then it’s going to end up hurting your credit history because you can’t meet your mortgage payments. Taking a loan in order to pay off your debts? That’s just pushing you down further. Be smart about your money and don’t make rash decisions—it’ll pay off in the future.


27 / Nottingham, UK. Trying these things since 2007. Writing about these things since 2014. Doing this full-time since 2018.