Money saving goals for 2017


After having a while to think about it, I have realised that I have missed out a few things from my resolutions and that is to be more aware and cautious over my finances. As a teenager, I feel like it is quite easy to forget about the value of money money, or I find it is. I do not have any subscriptions to pay, neither do I spend money regularly on bills etc. I think it is really important to be aware of your money and start saving now for later on in life. It is so so important to know exactly how much money you have and where it is, as well as what you are spending it on.

With the help of Earnest, a company that provides low interest loans, I have come up with 4 personal goals to help me save money and they have provided some for me as well. These goals are quite small so hopefully achievable. 

Goal #1 : Put aside £5 a week towards holiday/vacation
This year I am having two fantastic holidays, one to Florida and one to China. I haven't been on a plane in years so there is a few things that I am having to spend money on for that and also for clothes, and accessories. Whilst I am out there,  I also want to buy my friends some things. All this adds up to a lot of money so if I try and put money aside, I should have minimise the cost. 

Goal #2 : Don't buy unnecessary food
I am incredibly guilty of spending loads of money on food. Whether at school in the canteen or just when I am shopping. Most of the time though I am not even hungry. By trying to reduce this, I should save a lot of money. 

Goal #3 : Don't spend more than £30 a month
Although this is specifically orientated to wards September goals, I am going to try and do this for the whole of quarter 3 in an attempt to save money and then I have money saved to buy Christmas presents. I also have quite a few birthdays to buy for in this time period. 

Goal #4 : Before buying something, wait 10 days before I buy it
With it being so close to Christmas at the time of this goal (which is so weird to think about) I don't really want to be buying things for myself that I could put on my christmas list. Also I want to make sure that I really want something before buying it. 

If you stop spending money, you have more money to spend on education like university, meaning you might not have to have a student loan. Student loans are a large proportion of graduates' debt and if you use Earnest, you can save over $20,000 which is the same as £16,500, so a lot of money!! If you want to check out their website, you can do here and if you want to learn about them and their ability to refinancing your student loans you can do here

Do you have any financial goals for the new year? 
Laura xx

Disclaimer: Although this is written in collaboration with Earnest, all of these opinions and thoughts are my own. I am not being payed to write this post.

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  1. These are really good tips! I'm actually doing the $5 a week thing because in 2018, my family and I are going for a holiday overseas, so I need a lot of money to go on shopping sprees and whatnot.

  2. Wow you're so lucky to be going to Florida and China, I hope you have an amazing time. I'm hoping to go to New York next year so I need to start putting away a little bit of money a week for that! x



Thankyou for commenting, it means so much! Love Laura x