If you despise budgets and the hassle of tracking every transaction, don’t worry! There are still effective ways to save money without the need for meticulous budgeting. Here are five simple strategies:
1. Review your subscriptions: Start by assessing your fixed expenses, such as insurance, power bills, phone plans, and entertainment subscriptions. By reducing or eliminating a few of these, you can make an immediate impact on your spending.
2. Embrace low-cost social activities: While dining out and enjoying a night on the town can be fun, they can also be expensive. Consider making these outings occasional treats and explore free or affordable activities in your area as cost-effective alternatives.
3. Have zero spend days: Challenge yourself to choose one day each week or fortnight where you spend nothing. Prepare your own meals and coffee, stay away from shopping temptations, and resist adding unnecessary items to your cart.
4. Plan your meals: Grocery prices have been on the rise, so planning your meals for the week and shopping accordingly can help you spend less and rely less on takeout or expensive convenience foods.
5. Pay yourself first: Follow the advice of the author of Automatic Millionaire and prioritize paying a realistic amount towards investments, savings, or debt reduction. Afterward, take care of your essential expenses like utilities. Live off what remains. If you need guidance on determining the right amount to pay yourself, we’re here to assist you.
Confession time: We’re passionate about budgets!
In reality, we actually love budgets despite their reputation for being boring. Budgets are part of the spreadsheet family, and as you know, spreadsheets are close to our hearts. While saving without a budget is possible, embracing one can supercharge your success. There are numerous apps available to simplify budgeting and support your savings goals.
Whether you need assistance with saving, personal budgeting, or budgeting for your business, we’re here to lend a hand. Don’t hesitate to get in touch – we’re eager to hear from you!
Your Outside Team
Need a bit of assistance with your
business? Contact an Outside Accounting team member today and learn more about
our fixed fees. You won’t regret it.
Aside from business consultation, we
are business accountants Wellington
who offer accounting, bookkeeping, payroll services designed to
help you achieve greater financial success.
You can click here to speak to a business, accounting and bookkeeping firm. We will give you a
call to know more about your needs. We will explain to you how we can improve
your business.
Address: Level 2, 182 Vivian Street,
Te Aro, Wellington 6011, New Zealand
Mail: PO Box 24-457, Wellington 6142
Phone: 04 889 2975
If you run a business in Wellington, it’s time to double-check that your payroll systems are up to date. As of 1 April 2025, the minimum wage in New Zealand has increased, and failing to adjust your systems could lead to non-compliance and financial penalties.
On 1 April 2025, the New Zealand minimum wage increased, and it’s crucial for Wellington business owners to ensure their payroll systems and employee records are up to date. Failing to comply can result in costly penalties and damage to your reputation — not to mention disgruntled staff.
Creating and maintaining a solid business budget is one of the most effective ways to manage your finances and drive business growth. For businesses in Wellington, budgeting isn’t just about predicting income and expenses — it’s a vital strategic tool that gives you control, clarity, and confidence.
From 1 April 2025, New Zealand’s minimum wage will increase, impacting businesses across the country. As an employer, it’s essential to understand how these changes affect your payroll, budgeting, and overall business operations. Here’s what you need to know to stay compliant and prepared.
The good news? There are practical steps you can take to regain control of your time and create a healthier work-life balance.
You started your business to enjoy the freedom of being your own boss — yet somehow, you’re working longer hours and feeling overwhelmed with admin, meetings, and constant demands.
The good news? There are practical steps you can take to regain control of your time and create a healthier work-life balance.
With 31 March fast approaching, now’s the perfect time to prepare for the end of the financial year. Acting early can save you time, reduce stress, and ensure your business is ready to thrive in 2025. If you’d like a checklist to guide you through the process, reach out — we’re here to help.
ALL POSTS
NEWSLETTER SUBSCRIPTION