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You work hard so you want to party harder. But what if you cannot sustain your lifestyle? You would probably end up with a ton of credit card debt and loans that you possibly cannot pay. It does not have to be that way. You can still have a good time while working hard. You just have to not go beyond your means and follow a budget to a T. It may sound daunting at first but with plenty of determination it is definitely attainable. It is actually not right to just have enough money to pay the bills and buy the necessities. You should save money that you can use during emergencies and unexpected expenses. Do not despair though since there are ways you can save up.

Traveling

There is no better way than to start with small steps and graduate to having lots of money in the bank. Use a megarider ticket and you will be able to travel as much as you want and can tailor your own needs to the ticket type. Whether you are in need of a Monthly Bus Pass for your travels or a monthly one, you will definitely save more compared to buying a ticket everyday. If you are a car owner you will spend roughly £168,880 in a lifetime. But if you take public transportation instead, you can save a lot and would not have to worry about unexpected expenses.

When it comes to payments across the year, petrol costs a driver £1,052.04. Servicing a vehicle costs can add up to £441 over a twelve-month period — which can change depending on what situation you are in. MOTs can cost up to £168.46 yearly. The cost of parking is also rising and there seems to be a higher demand for it because there are more vehicles on the road. When it comes to insurance, this can sway dramatically as younger drivers will find themselves paying a higher cost to be on the road — on average, insurance costs an experienced driver £436 every year. Tax can equate to £116.35 on a yearly basis. Car supplies can cost a driver £29.61. If ever you get speeding tickets, you will definitely pay a hefty amount too. A megarider ticket is essential.

Lifestyle

Coffee

According to research carried out by MyVoucherCode, people in the UK visit coffee shops at least three times in a week. This means that Brits visit coffee shops around 156 times a year with an average spend of £8.52 — with travel expenses, this could go up to £13.85. This creates an annual average spending of £2,600, a majority of which could be saved if you would only take your own coffee to work. Try taking a flask to work or buying an on-the-go coffee cup that will see you through your day. Another suggestion is to quit coffee altogether.

Smoking

If the rising cigarette prices has not already put you off, knowing that you could save £3,796 (if you smoke 20 a day) should be the motivation for you to quit. MoneySupermarket.com has stated that non-smokers pay around £6,309 less for life insurance, which could be something worth investing in for the new year. Vaping is an alternative that many smokers are turning to. It is considerably cheaper than smoking or you can just quit cold turkey.

Lunch

According to research carried out by VoucherCloud, buying lunch daily could cost you £1,288. So instead of doing that everyday, it is advisable to prepare your own food because this in the long run, will get you more money in the bank. You could just make a sandwich or cook something in the microwave or cook something easy.

Unexpected Expenses

This is something that is unavoidable and happens to everyone, with 54% of 2,000 people asked saying that they suffered from an unexpected expense within the household. On average, these costs totalled £248.70 — showing that any saving is helpful for occurrences like these. Using the savings you would have made by cooking your own lunch or drinking water instead of coffee, commuting to work, and quiting smoking, will definitely make life easier. Transform your life by changing your spending habits and make this 2018 the best year of your life.

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