We tend to get excited every weekend. Though, the problem with the weekend is that it’s much easier to spend money because there is typically a lot going on. Whether it’s going out for a bar hopping or going out to eat at a local restaurant with your friends, colleagues or family, the opportunities for spending money are seemingly endless, whew!
But do you want to start saving money over the weekend? We share some tips on how you can save money on the weekend.
1. Focus on free or inexpensive activities and entertainment - like inviting your friends to your house to watch movie, etc.
2. Only go out one night a weekend (if it can't be helped) - Some of us live for the weekend and love the social scene. If you go out every Friday and Saturday night it’s bound to take a toll on your wallet. Consider changing your habits by staying in or having friends over one night a weekend.
If you must go out both Friday and Saturday every weekend, make small changes to spend less. Order cheaper food and drinks at restaurants.
3. Set a weekend spending budget - No one likes to be confined by a budget, but budgeting can be extremely effective if your goal is to reign in spending.
One thing you can try is the cash method of budgeting. Set aside your budget for each weekend, but set it aside in cash. if that cash runs out, you can no longer spend money on entertainment or restaurants that weekend (remember, avoid using your cad, if you have one!)
Having a goal like this in mind will provide some extra motivation to stay within your weekend spending budget.
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