1. Keep a note of all that you spend for a couple of weeks. Writing down every pound you spend, in cash, through direct debit, by card or credit card, will make you sharply aware of where all your money is going and even in itself stop you from spending.
2. Use the data you collect on your spending to identify your weak points. Whether it’s eating out, buying clothes or high rent, there are ways of cutting down.
3. Keep a copy of your most recent bank statement on your fridge or somewhere where you see it every day, to keep your balance in your mind and make you more careful when spending.
4. Cut back, stop spending and watch the money roll in!