Through all the economy’s booms and busts we’ve been experiencing, no wonder we’re totally lost. Managing money has always been one of those things you’d like off of your to-do list, but hey – it’s not happening.
Well, then – better grab that wallet by its horns and learn ways to make the most of your dollars.
Here are our best pointers to help you do just that.
Pay for financial advice
Sometimes, it takes money to make money; that is – it always does.
You don’t have to be an entrepreneur or a business owner to invest in some financial consulting. This is particularly beneficial for everyone who simply doesn’t have the talent to manage the finances they’ve got at their disposal. Talk to the advisor about your financial goals, expenses, savings plans, and other ongoing money affairs. It should help.
Hold the phone
We don’t blame you for wanting to indulge your hard-working money and spend it on leisure, random little luxuries, clothes, gifts.
BUT – you have to be smart; try not to spend as much money as you have so far on things you don’t actually need. Do you really think you need to have all the latest fashion pieces, 32842 pairs of sunnies and 29083109 pairs of sneaks? Not really.
Try not going to malls for a few months and you’ll see what it’ll do to your budget.
Stop ordering food at work
Fast food is not only bad for you but it costs plenty lot; when you make a habit of ordering food at work instead of preparing it at home, you are actively and consciously making a serious dent in your budget and voluntarily endangering your health. Find the time in your busy day to prepare something at home, some veggies, a salad, a soup, anything. Otherwise, you’ll just end up poor and fat (sorry for the honesty).
Take up another, part-time job
We’re all doing it, so stop panicking. These days, if you are doing just one job, you are blessed. The best way to repair what’s broken in your finances is to even the expenses out by earning a sum big enough to cover the previously made expenses. Then, you can start from scratch and even start saving up. Plus, you’ll be able to indulge little luxuries again, with no guilt.
Open a savings account
Nobody likes banks, but that’s more of a general feeling than an individual trait. Truth is, if you find the right bank, things don’t really have to go bad, as long as you’re smart with your financial decisions. Taking loans and credits won’t get you anywhere (except in debt) but opening a savings account that will help you save up for the rainy days will do more than enough.
Once you’ve collected enough money, you can even look into fashioning a will. Owing to the modern technology, you won’t have to pay lawyers for consultation, not at least until you are sure you want to make a will. Instead, look into wills online, explore your options and see what can be done to do you good.
Call your mom
If you don’t trust the banks and you want to avoid all the responsibility that comes with managing your own earnings, ask one of your parents (we’ll assume it’s your mom) to help you organize your finances and put some money aside on your account. She can be your bank and you don’t risk losing money due to a sudden bankruptcy of the institution you’ve entrusted with your dollar.
Like it or not, you’re an adult who needs to start thinking about future endeavors and act in accordance with the current state of things in the economy. The sooner you deal with the problem, the easier it will be in the long run.