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Finance

9 Tips for Saving Money For Young Women

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It is no secret that the financial situation is difficult at this time. For young women entering adulthood, this can be particularly difficult.

If you are alone or living with a roommate, it can be difficult to manage all your accounts; you should not only pay rent and utilities, you should also have transportation to and from work as well as food. And all these needs must, unfortunately, come before any expensive makeup or catering.

Saving money and being thrifty is much more than eating instant noodles every day. (Who would like to do this anyway?) Some small changes can make all the difference in your bank account. They can also reduce your financial stress and even help you prepare for the future.

Here are 9 tips for saving money for young women:

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1. Don’t blindly pursue name brands

Not only are they more expensive, but you cannot always get the price you pay. A price does not always correspond directly to the quality of an item.

So when you buy an expensive piece of clothing, ask yourself if you would be willing to pay the same amount if a different name were stitched on the inner label, and if the answer is no, you may want to reconsider your potential purchase.

This is particularly applicable to a costly acquisition expensive for many women in their twenties, a wedding dress. To help reduce costs, retailers like David’s Bridal offer a wide variety of styles at a great price. A unique piece that you will use one day can cost thousands of dollars, so it pays to be open to the most affordable options.

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2. Use coupons

Cutting coupons may seem monotonous and time-consuming, but you’ll be surprised at the difference they make in groceries and supermarkets. Buy items for sale while using coupons and receive items for half the price or less. When ordering clothes or products online, check out sites like RetailMeNot to see if there is a promotional code offer for the item you are looking for.

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3. Be aware of utility use

Do you remember when your mother asked you to turn off the lights if you did not use them? Well, she was not just biting her teeth! Being aware of your use of utilities can help you save money on your account every month. During the warmer months, use fans before using the air conditioner. If you have a chimney, use it in the winter to reduce your heating bill.

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4. Have a homemade beauty regime

While it is good to receive manicures and weekly facials, you can do it all by yourself! There are ingredients directly in your cabinet and refrigerator that can serve as natural ingredients for the face. Making your own nails takes time and patience, but it will save you a lot of money in the long run.

Recommended Post: 7 Steps To A Good DIY Spa At Home

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5. Open a savings account

If you cannot save money, it may be helpful to open a savings account in addition to your current account. You can schedule a weekly or monthly fund transfer in small amounts that will not be harmful to your current budget but will be added in the long run.

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6. Check vintage stores/thrift stores

You can find amazing clothes at unbeatable prices, and shopping is even more fun when they have sales. In addition, many savings bank revenues go to charities and non-profit organizations. You support a good cause! Most fashionistas can attest to the fact that with a little patience, you can find actual jewelry among these racks.

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7. Walking and/or bike more

Gas prices are extremely high these days, and taxis can easily drain your funds. Whenever possible, go to the grocery store or the library to save gas and money. If your destination is too far away, consider a bicycle. Not only is it economically advantageous, but it is a great exercise for you.

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8. Investing in yourself

In support of financial investments, it is also important to invest in yourself, knowing everything you can about personal finances to create a financial plan that is right for you. “No one cares about your financial success as much as you do,” said Marsha Barnes, financial assistant and founder of The Finance Bar “learn as much as you can today.”

It’s easy to think of personal finances as confusing, but you’re just hurting yourself. The earlier you take the time to learn some of the basics of money, the sooner you can use that knowledge to plan short- and long-term goals.

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9. Listen to yourself and take action:

“Determine what you want in life and then make decisions based on that goal,” said J.D. Roth, the founder of the financial website Get Rich Slowly. “Once I knew what my overall goals were, I could make financial decisions to support those goals.” When you know exactly what you are saving, it motivates you to stay true to your goals and work harder.

By implementing some of the above tips, you should notice a noticeable difference in your money. Plus, you do not have to sacrifice your style, taste or healthy lifestyle.

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Justina is the writer behind the finance section under The Eleanor Journal. She is a mom of three kids, who are currently living somewhere in Nigeria.

Justina is the writer behind the finance section under The Eleanor Journal. She is a mom of three kids, who are currently living somewhere in Nigeria.

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