The accountant shares a simple “financial update” to help you save money

Saving money can be a difficult task, let alone trying to stick to a strict budget. Fortunately, for those who don’t know where to start, money expert and Instagram user Beth (@budgetjonesdiary_) has shared her simple way to freshen up your finances.

Beth is an expert accountant and aims to help people save money and “get out of debt”. In a recent post, Beth shared the six simple steps you can take that will give you a solid place to start saving, budgeting, and planning ahead.

Broken down into “sizeable” steps, Beth shared these six steps:

Take inventory

Define it as a starting point, then think about where you want to be and how you will get there. Write down the things you want to start, stop, and continue

Set your goals

Break them down into short, medium and long term and get specific. Money is a tool to get you where you want to be, but where is it?

Create a budget

Give every penny (if you can) a purpose. Put your income at the top, then list your expenses below that, and then whatever is left over, you can divide by whatever goals you set in step two.

Plan of attack

This will be a stretch of your budget. A real solid plan you can refer to every payday. Whether it’s paying off debt, saving, or something else, define what your journey will look like.

Automate where possible

Take the emotion out of it and let technology do all the hard work. Whether you send a lump sum for your investments or simply enable summaries for your savings, every little helps

Education

You may need some additional advice or assistance, and there are plenty of resources online to help you, for sure, in thinking about what you need. But learning never stops, it’s about continually improving what you already have/know – books, podcasts, ‘finfluencers’ all make you think about how to improve your finances (that’s why you’re here now)