Keep note of every single thing you buy over the next week – add up the amounts and ask yourself at the end of the week if it was money well spent or a waste
Challenge yourself to not spend ANYTHING on eating out, cinema or going out for one full month
Write down a list of monies coming in and going out – is there anything you could cut back on? Do you need such a fancy TV package? Could you cancel that gym membership or your magazine subscription?
Think about how much you spend on transport. Do you really need a car? What is it costing you between the cost of purchasing the car, maintenance, fuel, tax and insurance?
Increase your income – if you have a spare room, could you rent it out? You’re entitled to earn €14,000 per year tax-free by renting a room in your home. Are you at home minding your own kids? Could you mind a neighbour’s child aswell?