Money is always one of the biggest worries we have to contend with in our daily lives. Whether it’s spending it or not spending it, money is the one thing guaranteed to be on the brain at some point during the day.
We all have things we love to spend our money on. Whether it’s a concert or an online game that you love, we all have leisure activities we want to indulge in. The difficulty comes in getting the balance between the two.
Thankfully, we have all the best top tips to ensure you can have fun whilst still being financially responsible.
Best ways to budget and still have fun
- Separate your money into pots
When you get your paycheque at the end of the month, you should immediately split your money into pots for different things. Work out how much you need for necessities such as rent, bills, food and any other direct debits you have coming out each month.
You can then take the remainder and work out how much you can save and how much you can spend on anything fun you want to do.
A lot of banking apps will have the option to split your money into pots that are separate from your normal account. This keeps the money out of sight and therefore out of mind. Not having that money immediately visible means you’re more likely to think of it as not being there.
- Set a spending limit
Another great thing about most banking apps is the ability to set a spending limit. This can be a daily limit that you set for yourself, so you don’t go too crazy at a sale or on a night out.
Having a notification that informs you when you’re about to reach or go over your limit is a great way of setting yourself straight. There’s nothing more effective at keeping you from spending too much like past you!
- Allow money for entertainment and nights out
The worst thing you can do when you’re trying to budget is not allow yourself any money for entertainment and having a good time. We all need some ways to let off steam, so we all need a bit of money put aside for those times.
There’s always going to be a birthday or an after-work drink that you want to go to. Not allowing yourself money for fun means that when you do eventually give in and spend some money on going out, you’re more likely to go spend even more.
This is because you’ll feel that you’ve already blown your budget and therefore it doesn’t matter. But already having money aside for fun means that you’re more likely to stick to it. This way, you still get to go out and enjoy yourself, but it doesn’t come at too high a price.
Best ways to enjoy an online casino on a budget
- Only spend what you can afford
One of the best ways to ensure you don’t get yourself into the red when you’re playing at an online casino is to be belligerent about what you can spend. Take a look at what money you’re working with and make realistic calculations about your spending. Also take a look for casino sites that require a minimum deposit, and select the site most suitable to you and your budget.
It’s easy to get ahead of yourself when you’re really into a casino game. This is especially true when we think we have a higher chance of winning. However, it’s vital that we don’t look at our chances with rose tinted glasses.
Playing at an online casino is all about having fun so you don’t want to end up in a situation where that changes.
- Take advantage of promotions and bonuses
Due to the huge number of online casinos, there is a fierce competition between them. This is great for players as it means that there are always bonuses and promotions up for grabs. These can come in all shapes and sizes.
You have sign up bonuses which become available when you sign up to a particular online casino. This can come in the form of a matched deposit bonus or sometimes even a free spin or game. You can also get a referral bonus if you manage to sign up a friend as well. You simply send them over a link and once they use it, both you and the friend will get a discount or bonus offer.
You can use these to make your game last longer and increase your chances of winning. You could also use your bonus or promotion to try out a new game that you’ve always wanted to try. It’s a great way to ensure that your money goes further, and the fun lasts longer.
- Don’t spend your winnings at once
There is always a reason to celebrate when you manage to bag a win at an online casino. It’s the ultimate goal to playing any online game and is a huge achievement.
However, you don’t want to get carried away when this does happen. There might be a temptation to keep the winning streak going – but this is never a guarantee. The best thing to do is to celebrate your win and then come back to the game later if you want to.
Budgeting shouldn’t be a chore and it shouldn’t mean we don’t get to have any fun either. By following some of our tips, you can make sure that you can still have fun whilst being on a budget.