I lived as a single working woman for a short span of time. In that short span of time, I found it extremely difficult to budget and have a way with finances. It appeared that almost everything was expensive. And there was little to no room for fun. But now I know many single women who live a magnificent life that you all would envy. The secret to living life queen-size is to make the right decisions. Stick to the basics and use technology to set your goals. This way one can save money to build financial security without compromising on the lifestyle. If you are a single woman working in a city, follow these tips:
Make a Budget and Use an App to Stick to it
The first step is to set a budget. Rent, transport, food, entertainment, internet, phone, utilities – decide and set a spending limit. But not before defining your saving target. The best thing about concentrating on saving as a single is you can save more. Use apps to keep track of your spendings. Try MoneyView app. It consolidates the data which you can review at month end. Aim to live within the budget and save more.
Setting a budget is the most important thing. Without that, no amount of financial planning can work out. Though setting a budget maybe the most difficult thing of all.
ReplyDeleteI like your post, often as a newbie I struggled to manage money and ended up having cash crunch in the month end :)
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