11 May 2021 • 2mins • Yolt

How to re-spark your social life without sabotaging your savings

How to re-spark your social life without sabotaging your savings

Can’t wait to catch up on a lost year of socialising with friends and family? Here’s how to enjoy your freedom without compromising your saving Goals.

1. Remind yourself how much things cost

Over the last year, it’s likely your spending habits have changed quite a lot. Now things are getting back to normal, it’s a good time to remind yourself how much your old lifestyle used to cost. Whether it’s looking up the price of travel, checking your gym membership or the cost of dinner at your favourite restaurant, this will help you see if it’s time to rethink your living budget.

2. Spread things out

It might feel like there’s a lot of pressure to get out and do everything at once. But remember, there’s no rush. If you know you’re going to want a few fancy dinners with different friends, try and spread these across multiple months. After all, it never hurts to have something to look forward to.

3. Practice mindful spending

After so many months stuck inside, it’s tempting to treat yourself to all those things you’ve been living without. But would you have bought lunch out every day before lockdown? Or got that extra shot of syrup in your coffee every morning? With any luck, these things are here to stay. So take it easy and be mindful of when you indulge to help you stay on budget.

4. Cut back elsewhere

Just like you had to re-budget going into lockdown, there are probably different ways you can cut back coming out of it. Or perhaps there are even some healthy habits, like making your own packed lunch or walking that extra block to the office. Check out these five simple ways to be sustainable on a budget, to help you save back in the real world.

5. Don’t punish yourself

Saving is saving, even if you set aside a little than usual. After all, every penny gets you one step closer to your saving Goals. So don’t punish yourself, get out and enjoy your time doing the things you’ve missed. And remember to keep your Jar Boosters and Habit builders turned on, so Yolt can keep helping you save in the background.