What is your financial status like? Just balanced, challenged, depleted...or what? Don’t feel bad, you are not alone. There are plenty of people just like you who need a little push in the right direction. Read on for tips on how to get your finances happy and healthy.Earn An Income
If you are not earning at the moment, try and do something fast about it. The secret to making money is not working in a high-profile office, it’s finding creative solutions to people’s problems, it doesn't take a fancy degree to do that. Identify the needs of people around you and give it commercial value. Your income can grow only to the extent that you do.
Pay Off Your Debt
This means paying extra on your current debt, and declining to sign up for new debt. It’s hard to imagine living without debt, but you will not regret it. Once you have paid off that debt you will have much more money to spend and also your level of self-esteem and productivity will increase.
Create A Budget And Stick To It
We live in an instant society. There are stores on nearly every corner that are open all the time. We have access to the internet where we can purchase items easily. The problem becomes impulse spending and/or lack of a budget. A budget does not mean that you have to give up everything that you love. Rather, a budget is a set of guidelines for spending. It is a plan for your future income and expenditures that you can use as a guideline for spending and saving. You determine ahead of time how much you will spend. Not only does this give you rules for spending, but it shows you where your money is actually being spent.
Make Important Purchases
Instead of buying something that you see and want, try going home and waiting 24 hours before making the purchase. Stores are very good at marketing to consumers and making them feel like they need an item right away. So after you see your dream washing machine or Ps 4, go home and think about it. Decide whether it is a need or a want, then act accordingly.
Look For Deals And Pay In Cash
Cash still rules when it comes to paying for items. High-value item vendors will often reduce prices if you pay in cash. Additionally, you become more aware of where your money is going when you physically hand over cash.
Save For An Emergency
Emergencies happen. Instead of being caught unawares and seeking for credit facilities, develop a savings account for such a situation. This way, you do not end up paying interest for that broken arm or that car wreck. Emergencies are bad enough without having to worry about the debt from the emergency following you for an extended period of time.
It is very important to plan before you spend, this will enable you to be in control of your finances, it could also put you in charge of your life!!!
Attend The EPIC BLOGGING Seminar (Jan 29th - 30th, 2016)
very good and true to life article, wat if your current job is not paying enough to save and seem not to see another job yet, wat do you do?
ReplyDeletevery good and true to life article, wat if your current job is not paying enough to save and seem not to see another job yet, wat do you do?
ReplyDelete