Manage Your Money in 5 Easy Steps
If you are sick and tired of seeing your bank balance in the red, and you are ready to do something about it, then you should read every single word in this article.
Most people don’t have the first clue how to manage their money, which is why they always find themselves in financial turmoil.
It doesn’t have to be this way though. Follow the 5 easy steps below to improve your situation, and even change your life.
Ultimately, your situation will never change if you can’t be honest with yourself. Look at the areas where you are overspending, and then commit to making a change. It really is that simple.
Get a free laptop
Thinking about taking an online course soon? If so, then you should be aware that you can also get a free laptop.
All you need to do is find a list of online colleges that give you a laptop and you can save yourself a lot of money.
Start an emergency fund
The best way to manage your money is to always be prepared for the worst case scenario. As an example, if you get hit with an unexpected bill, then would you be able to cope? Or would you have to seek out a payday loan, which would only make your situation worse?
With this in mind, start an emergency fund, where you put in a percentage of your income every month. In no time at all, you will be fully prepared for anything that life throws at you.
Create a budget
The obvious way to manage your money is to create a budget. Unfortunately, most people never do this, which is why they have more money going out than coming in.
Spend an evening writing down all of your income and expenses. Once you have done that, get rid of all those unnecessary expenses, so your monthly budget starts to look financially healthy.
Only use cash
How many times how you gone to the shops, only to spend way more than you intended? Let’s face it, the main villain here is credit cards, as spending on your plastic can quickly spiral out of control.
For this reason, you should make it a new habit to only use cash. Draw out a certain amount each week from your bank, and don’t spend a penny more. If you can stick to this plan, then managing your money becomes a piece of cake.Read More