(Newswire.net — February 20, 2019) — Adult life – great chaos of paying your bills, saving money, saving for your child’s school fees, planning your retirement, working just to get paid and if get some time maybe live your life, but is this what you sign up for?
Earning money isn’t the hardest part, managing is. If you are trying to be a part of F.I.R.E (Financial independence and retire early) moment, then you need to bring you finest game now, like right now!
Hop on to your chair and get ready for a jump start. As we are here to help you with the baby step that you need to follow to live your life as easy as ABC.
Save your budget
Have you ever wonder why we make a budget? Because not everyone can’t have the power of Doctor Strange, can we? What happens when you don’t have enough saving and got yourself into an unavoidable expense, what will your next move be? Are you going to take a loan every time you got yourself into a mess? If you do then, you are going to fall under the same vicious circle as your friends.
That is why probably more and more budget planning are floating around the net today. Making a budget is more like pinning down everything that you have your spend money on, if it feels boring to you we can add more fun.
Have money free weekend
Having a tight budget means no meals out, no trips to the shopping center, movies, not even a quick dash for stockpiling. Which makes money free weekend a more of a necessity and smart choice, where you can plan things you want to do without spending a dime.
Take a hike in the morning, prep your brunch with the leftover dishes, do your laundry, bing watch the series you have been waiting for, or you can even re-watch the series until its new season starts like Game of thrones or Marvel movies.
Follow this challenge throughout the month and you are guaranteed to have a money-free weekend which is not only amusing but will fill your time without emptying your wallet.
Have fun money saving challenges
Making a budget will restrict your spending habit, which will give you a scratch every now and then to shop more, just like how we start a diet. Involve in some fun money saving challenge. Yearly, monthly, bi-weekly, whatever you can handle, which also involves cheat days. So, even when you spend a bit more on your leisure, you can have money saving challenge, save your day.
Save your bucks
If you want to be master of your finances, you need to stop spending and start saving more. One can’t simply save his finances, it takes hard work. If you want to live life king size, you first need to see how it feels to be poor, not literally broke, but at least in control your spending habit.
Be more frugal
Being frugal doesn’t mean being cheap. Frugality is one of the most beautiful and joyful words and yet we are culturally cut off from understanding and enjoying it. The consumption of society has made us feel that happiness lies in having things and failed to teach us the happiness of not having things.
Read this like a mantra, and you will know what frugality means. If you want to become a frugalist, start looking for your ways to save money every time you shop.
Whether it is from cash back, discount, or coupons. Save every buck while you can. Shop online when you can’t find a better price of your dress or maybe shop at the time of sale. Apps like shopkick, drop and mobile lets you earn money every time you shop, scan or be a mystery shopper.
Be more minimalist
Benjamin Franklin has rightly said, “Beware of small expenses, a small leak will sink a great ship”. Being minimalism helps you realize just how much you need in your life to be happy. And, as surprising as it may seem, you’ll always need less than you would have ever thought of.
So, the next time you crave coffee, start making your own instead of visiting Starbucks I will give you inside out of what works in my favor.
Whenever you go out to buy something, start filling your cart with things you need and then take a detour and when you finally reach the billing counter, ask yourself whether you really need those things or not. You will declutter extra things yourself without even knowing it or make a list, as simple as that.
Make money if you can’t Save money
If you have tried your hand at being frugal, de-cluttering your bad habits but failed because it is simply just not your thing, then start making up for the extra bucks that you have spend.
Make money within your home by taking part in the survey by sharing your opinion. Survey Junkies, Swagbucks, Ebates are some of the surveys. Each can make you a minimum of $1-$2 per hour.
Sell your photos on Dreamtime and Shutterstock. Let go of your gym membership if you haven’t touched the door of the gym from the moment when you take the so called New Year resolution. Making money is easy, you just have to know how.
Save your Debt
There isn’t a millennial that have not fret about their bills at the end of the month, whether it is from your auto loan, student debt or simply any other personal debt. If you conquer your debt, my friend, half of your battle is already won.
Pay off your debt
Start using the debt avalanche method, in this way you start paying off your loan with higher interest first and then going down the line. See it this way – a higher interest means a higher monthly payment with avalanche you can save more money in the long run.
Another method of paying debts — the debt snowball — has you paying the smallest debts off first so you have fewer bills each month. This won’t save you money, but it can give you a feeling of satisfaction, much like crossing items off your to-do list.
Pay off your student loans
If you go by stats, there are a minimum of 43 million people that have an average balance of $30,000 as student debt. Carrying student loans can be a source of great anxiety, and they are a debt that you are not shouldering alone.
Student loans typically have relatively a high-interest rate, which means that if you’re starting an entry-level job out of school, you may not earn enough to cover your payments.
You can either look forward to consolidating your loan into one bill which lowers your interest rate but you can end up spending more in the long run or you can even look for debt forgiveness program. Programs like teacher loan forgiveness, public service loan forgiveness can help in forgiving a part of your overall debt if, you fall under the criteria.
If you can’t Pay… Settle it
When your bills started piling up, you have skipped few payments and your income can’t keep up with all the debt, it’s time to call debt settlement companies. It may sound as a risk but debt settlement companies are a reliable option when you are living paycheck to paycheck and can’t find a way to tackle your debt.
At The End
To be the master of your finances you have to stop being the jack of all. Surely these steps will take time, but in the end all you will have is some “inner peace”.
Author Bio:
Shubhi is an aspiring writer who enjoys writing articles that help people find new ways to improve their finances as well as on budgeting and money making ideas. She is a well- researched and knows how to spot trends, providing invaluable insight to her readers. Shubhi’s biggest talent is her ability to inspire, and the medium she chooses for that outlet is her writing. When not working, you will find her travelling, reading and learning new things so as to evolve her ability to write a story that keeps you reading.