With the new year now firmly upon us, you might be thinking about how to live a #Brokelife during 2018 in order to enjoy some incredible moments in 2019. These ambitions or goals might be going on that once in a lifetime holiday, or maybe even saving up to buy that dream house (and not just the one that Barbie and Ken live in!). Life goals aside, sometimes it pays to be a bit frugal, so here are some tips on how to live well on a budget in 2018.
Try Not to Be Broke
OK, not the easiest one to achieve, but why not try your hand at actually enjoying the broke life without being broke! When it comes to this idea, you can obviously work your hardest to try and earn those all-important tips or bonuses, or even that amazing promotion at work that lifts you straight out of the broke life. You could also, though, try your hand at spending some of your cash on the cheapest lottery ticket to give you the chance to end your broke life courtesy of the likes of the mini lotto.
Sure, you’re going to need to save around $6 per week to make sure you have the cash to play every day (you could, of course, play less each week for less money) but winning big could turn the broke life into the dream life! After all, it’s great to be able to succeed at the broke life, but even better to only choose to live it, rather than living it out of pure necessity.
Ditch That Daily Coffee Fix
Don’t worry, we don’t mean that you can’t have coffee, but if you want to budget for 2018, make sure that you aren’t just having a daily dose of Frappuccino from Starbucks or a soy latte with an added shot. Instead, just accept you’re going to have to enjoy a coffee at home before you head to work.
— Dallas Morning News (@dallasnews) December 27, 2017
You might miss out on that feeling of having coffee made for you, but you could find that the money you save ends up saving you enough to really enjoy doing something significant, rather than just getting an early morning sugar/coffee fix. Let’s be honest, homemade coffee is probably just as tasty anyway!
Do the Boring Things
This doesn’t mean that you have to become boring, but it does mean thinking about starting a monthly spreadsheet that focuses on your expected budget, so you’re always aware of the costs you are paying out and what you are expecting to come into your bank account(s).
This doesn’t need to be a seriously costly exercise where you have to buy loads of new apps or software and shouldn’t really take up loads of your time, but it could help you next time you see that awesome sale in terms of knowing if you have the money you need to get purchasing, or if you need to wait until next month!