47 articles Articles posted in Money

Dead Set on Resetting Your Debt…

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For a lot of us, being debt free is a rarity. Most of us have difficult financial situations to get out of, such as a credit card or a mortgage to pay, as well as other debts like student loans. So how can we find ways to build up our wealth and focus on our financial goals without it impacting negatively on our overall debt which will leave us swimming in a continuous cycle of ill finances?

Prioritizing Your Debt

This will be the key to addressing every aspect of your outstanding balance. You need to evaluate each aspect of your debt to determine what type of debt you have, such as whether it is “good debt” or “bad debt.” Good debt could be something like a loan for starting up a business. So you need to ask yourself if the debt is good or bad by determining if the debt is temporary and if it is worth it.

Debt Consolidation

There are many ways for you to consolidate your debt now, and this includes things like getting a balance transfer to pay off your credit cards or a debt consolidation loan. But getting the right loan opens up a myriad of questions too. There are so many different options available from balance transfers to long term or short term loans, so which one is best for you? The way to answer this question is to calculate the interest rates for each option and compare this with the repayment terms. If you can get a 0% offer for a long period of time, this will be a good option as you will be paying so much less in the long run.

Paying Your Biggest Debts First

Every item of debt is difficult in one way, shape, or form, but one of the best ways to tackle this issue is to pay off the most pressing debts or the most painful ones. For a lot of us, it’s not necessarily the largest amount of debt that requires immediate payment, it could be a loan from a family member that has been weighing heavy on your mind for many years, so it may make a lot more sense to pay that off first before something like your credit card. A big motivating factor in paying off debt could be to personalize it, and it can be a big weight off your shoulders meaning you are approaching the rest of your debts with a fresh mind.

Don’t Add To Your Debt!

This is probably the biggest life lesson for all of us. You may feel a sense of accomplishment by paying off your credit cards and loans. But if you don’t change your spending habits then you will get back into the habit of accumulating debt, so you need to avoid the most common mistakes that will keep you in said debt, which includes your attitude towards money.

It is possible for us to live a good life without mounting debts. But as long as you have a plan in place for what you are going to do with the money you save once your debts have been paid off, like setting up standing orders for money to go into savings, you are beginning to readdress your whole attitude towards how you spend and how you tackle it.

Make Some Money for the Holidays

We’re officially into the last half of the holidays, and I don’t know about you, but it feels like my purse has taken a pretty harsh pounding this year! We’ve tried to keep a balance between days out and days at home, but the costs still add up and have already left us feeling pretty skint! I’ve been trying to think of some ways to raise a little bit of extra cash to keep us going for the next few weeks, and here’s a few that I’ve come up with so far:

Bootsale

This is a PRIME time for doing bootsales, with the weather at it’s best (okay, well, ALMOST at it’s best…) and people happy to drag out on a Sunday morning to find a bargain. Go through everything including toys, books, DVDs, clothes, anything which might be of use to someone else and take it all to a bootsale. One man’s trash is another’s treasure and all that! And, as a happy side-effect, you’ll also have de-cluttered your house in the process!

Bingo

Obviously, this isn’t a guaranteed way to win money, as there’s always a risk with gambling, but it’s a fun way to spend an evening with minimal outlay and you could be lucky enough to win some money. Farmyard Bingo is a personal favourite and offers up to a £60 welcome bonus, which will increase your chances of winning!

eBay

eBay is another great place to sell stuff, especially if you don’t have a car for doing bootsales. Make sure you factor in your postage costs and fees when listing your items and don’t under-price things – you’ll be surprised what people will pay for items wuch as broken mobile phones, which may seem worthless to you but will still be useful to someone.

Facebook 

Facebook selling groups are really popular right now and it’s easy to see why. You won’t pay fees on what you sell, you can arrange mutually convenient places to drop off or pick up, and it’s easy to search for items to see what other people are charging for similar things. Most people pay in cash, so you don’t have to factor in PayPal fees, either.

Surveys

There are loads of places online where you can do online surveys and be rewarded in cash. It’s a great thing to do when you have a few hours spare in the evening; you can put the telly on, have a cuppa, put your feet up and just click a few buttons! Low effort and if you search around, you can find some which offer a decent reward.

Can Creating a Will Save You Money?

moneyDo you have a will? Discussing or even thinking about making plans for your assets post-mortem has developed a bad reputation.

People consider a scary topic, whether they think it’s a complex, expensive process or because they don’t want to think about their mortality.

It is one of those things people will seek out the most tedious tasks to avoid talking about. However, if you take the time to sit down and plan a will, you’ll actually find it’s not as time-consuming or draining as you might believe.

Creating a will won’t only save your family a lot of trauma once you have passed, it can also save your money and inheritance from being spent in a way you never intended.

If a will has been created your assets will be divided up according to your wishes. Without a will, splitting up your property can become much messier and can end up costing everyone involved quite a bit of money.

Leaving your loved ones without a will to use as a binding blueprint means you have no say in what happens to your assets. Even if you have verbally promised items of your estate to individuals or organisations, without a legally-binding will Intestacy law will overrule this and determine who is entitled to inherit what.

So, can sitting down and creating a will save you a bit of cash? Absolutely. Employing a solicitor to help draft your will is a relatively small expense in comparison to what your family could lose or spend in court trying to secure your assets after your death.

The peace of mind this provides will last until the day you’re no longer here, or at least until you chose to amend your will!

Giving it to a solicitor to look over also means they can advise on potential legal pitfalls. Issues such as not being born in the UK, or having residential ties in another country could end up costing your beneficiaries and family a significant sum of money to resolve, taking into consideration the tax and administration issues involved and there are a number of other things to consider which you solicitor will ensure you take into account.

Having your will validated by a professional can be the difference between your inheritance being spent on legal fees or used to benefit those who matter most to you.

So, you’ve made a will, you’re happy with who’s inheriting what, that’s it right? No, you need to revisit it from time to time. Crucially many people forget to update their wills throughout their life. Changes in your circumstances can invalidate a will, making it worthless.

You’ll need to update your will if you’re getting married, as this will overrule the contents of any previous will. Also in the opposite situation where you get divorced, you’ll need to decide if your former partner is removed, while welcoming a child into the world can also alter inheritance entitlement.

It’s also a good idea to amend your will each time you buy a new property or an asset with a lot of value. By doing this, you ensure that these items are not part of an expensive legal battle.

So, what are you waiting for? Create a will today and save your loved ones the risk of added stress and expense.

Top 5 Reasons to Use Dealspotr

DealspotrWorking from home might sound like I spend my day solidly writing articles, but in fact I have a number of different ways that I monetize my time. As well as working on social media campaigns, writing for my clients, editing and sourcing posts, I also make money through various third-party sites, and Dealspotr is one of them. Dealspotr allows you to find coupon codes, as well as allowing you to add them to the site yourself, and earning you money in the process. It’s a great site for a number of reasons and I thought I’d share some of them with you here:

1. Dealspotr Saves you Money

If we’re planning to make a purchase of something, we ALWAYS check Dealspotr for a discount code, voucher or deal. I’m pretty savvy when it comes to finding vouchers for things, but somehow the listings on Dealspotr seem to have ones that even a seasoned bargain hunter like myself hasn’t found yet! Of course, there’s not a voucher for everything, but so far, we’ve saved money on everything from pizza to days out to trainers and I reckon the value of what we’ve saved is probably into the hundreds of pounds now.

2. Dealspotr MAKES you Money! 

Setting up your own Dealspotr account is a great way to make yourself some money. Once you start adding the deals you’ve spotted, once they’re verified you’ll accrue points for every single find, and eventually this will add up to vouchers. Husband and I probably spend more money on Amazon than any other shop, so these vouchers do equate to practical funds for our family.

3. It Takes Minimal Time and Effort

When you add up the actual time you spend adding deals to Dealspotr versus the return, it’s actually really good value! Just a couple of minutes a day will add up really quickly towards your points balance and the vouchers you earn are on par with, if not more than the vouchers that you’d potentially earn on other sites of this type. Most of us spend time on our mobiles, tablets or laptops doing things to help us idle away the time, like playing Candy Crush or surfing social media. Take that time and dedicate it to deal spotting and you’ll be making your free time work for you.

4. Helping Others

I don’t know about you, but I really love the warm glow you get when you think about helping others! I’ve added a lot of vouchers to Dealspotr in the time that I’ve been using it and when I think about how many other families like us who’ve saved money or potentially been more able to afford something because of vouchers I’ve found and added it really makes me feel good. Dealspotr Is like a little community where everyone’s goal is to help someone else to save money and that’s something that I absolutely love.

5. Dealspotr Saves you Time

There are a number of ways in which Dealspotr actually saves you time; first of all, it has a higher number of WORKING codes (how many times have you trawled through, added a dozen different codes to your basket before any of them actually works?!) than other voucher sites online. It also shows you a screenshot of the codes working on the sites, giving you a guarantee that the code is working. This means that not only do you save time by heading to Dealspotr rather than doing endless Googling to find a legitimate voucher code for your purchase, you’ll also save time on the Dealspotr site because you’ll know that each code is the real deal!

Are you a fan of Dealspotr? Do you regularly use the site or is this something that you’re planning to do now that you’ve read all about it? Do leave me a comment below as I’d love to hear from you.

 

Free Up Capital And Get Cash In Hand

There are times in life when you need to free up some money, fast. This could be because you have mounted up quite a few bills on your credit cards. Or, it might be that you have been made redundant and are currently struggling out of work. At points like this, you need to make sure that you get money in your hand as quickly as possible. Otherwise, you can end up in the position where your debt increases and the situation gets steadily worse. So, how do you free up some capital when you desperately need it?

Attic Hunting

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The first recommendation is that you do take a trip up into the attic or down into the basement. There you might find family heirlooms or collectibles that you have gathered together over the years. You might even find old toys that your kids have grown out of and no longer play with. You might be surprised just how much some of these are worth on eBay. Particularly if you have the whole set and they are in good condition. So, once you find a few things that you think might be worth something, do have a search on eBay. You’ll probably find that there are already people selling them and this should give you an idea of what prices to use.

Do bear in mind, that if you choose to sell on a site like eBay, you need to make sure that you are a reputable source of items. To do that, it’s easy. You just need to make sure that you have bought a few items, they can be as cheap as you like and gained a solid base of reviews. At that point, your profile will hit a positive score, and from there, things can be very easy.

This is the best solution if the amount of money that you need is somewhere around a few hundred. Anything more than a thousand and you might need to look at other options.

Pawning Other Home Items

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You’d be amazed by how many items in your home are actually quite expensive. You might have a dishwasher, a UHD TV, some rather stunning sofas in your sitting room and perhaps even a few pieces of expensive artwork on your wall. If you need to free up a few thousand in cash, you might want to think about taking some of these appliances, equipment, and items down to a pawn shop. The owner will give you money for the items, perhaps on a temporary basis. Once your financial situation improves, you should be able to buy them back, assuming they haven’t already been sold. This could be just what you need to get back on your feet.

If you have kids, it can be difficult to explain why something like this is necessary. If your kids are quite young, there are a whole range of white lies you can tell to make it easier for them such as upgrading the home or getting the furniture cleaned. Older children are typically more astute, and often honesty is the best policy. They might surprise you with how understanding they can be.

Downsizing

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You might be tens of thousands of dollars in debt. No one ever expects to be in situations like this, but all it takes is a little bad luck, and you will soon be on a downward spiral. At a certain point, you may be in a position where you need to think about selling your property and downsizing. Or, moving in with friends or family while your financial situation recovers. The benefit of this is that if you have a home to sell it should be more than enough to pay off any debt that you have accumulated. But, you do need to make sure the house can be easily sold for the lowest price possible and that you can move into a new home with minimum costs.

You’ll certainly need to speaking to a conveyancing firm. With a conveyancing service when you buy your smaller home, you should find that getting the rights to the home is easy and quick. You will, however, need to look at conveyancing quotes online to make sure that you get the best, cheapest deal. Remember, if the costs of moving to a smaller home or two expensive it will nullify the reasoning behind selling the first house. That’s why you should price check all the services you are using and guarantee you are getting the best deal.

If you aren’t buying another smaller home and instead you decide to move in with family, it can be quite a challenge. Particularly if you are proud. It can be difficult to come to terms with your position and even ask for this type of help. But you just have to remember that by taking a step like this, financially you will be making things a lot easier on yourself.

Consolidation

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The final possibility that we need to think about is consolidation. Now, consolidation won’t directly free up capital that you will use, but it will limit your debt. Since you’ll have less money to pay, you’ll have more money to play around with and possibly make paying off those debts easier.

It’s important to understand that consolidation is a loan. Essentially, you’ll be borrowing from one source to pay off enough, and instead of paying multiple debts, you’ll only be left with one package sum. Usually, this will be smaller with a lower interest rate than what you were paying before. There are plenty of debt consolidation companies online that can offer you this possibility. It might be worth investigating the type of service that they offer and how beneficial it could be for you. Remember, you need to make sure to read the fine print and guarantee that you know exactly what type of situation you’ll be dealing with.

I hope this advice helps you get money in your hand whenever you desperately need it.

Handling The Worst Financial Situations In Life

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There are times in life when finances will be tight. You need to be prepared for these occasions if you are going to get through them without any major problems. There are plenty of examples of times like this, and the problem is that you often don’t think they are going to affect you. If you have a good job and you feel confident your boss is happy with your performance, you probably won’t even consider the possibility of redundancy. Or, maybe you think that when you finally buy a home, you can keep the costs under control. But sooner or later, you will find yourself facing the problems that everyone experiences in these situations. So, how do you handle them without making things worse? Well, I’ve got some tips that should help a lot.

Dealing With Redundancy

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The first thing to understand about redundancy is that it will hit you when you least expect it. One minute you’ll be on top of the world and the next, you’ll be packing up your desk. It can be a challenge to handle a situation like this, and the best way to approach this is pre-emptively. You should always be keeping an eye on the job market and looking out for opportunities that could help you if you did lose your job. Remember, on average people spend around six months without a job when they are made redundant. You can reduce that time if you know what’s out there before you’re handed that final paycheck.

The other factor to be aware of is the benefits that you’re entitled to when you are made redundant. It is noble not to want to claim any benefits at all and instead rely on money that you might have saved over the last few years. But, you shouldn’t avoid benefits completely if they could help you get by during this difficult time.

You might also want to think about reducing your monthly spends through the month. One of the ways to do this would be to cut out any monthly subscriptions that aren’t completely necessary. That doesn’t mean you should cancel your internet because you could use this for job hunting.

The final piece of advice for dealing with redundancy would be to look for little ways that you can make extra money in your spare time. An example of this would be completing online surveys. While you won’t make a fortune, it could make some of your monthly bills easier to pay when you can’t rely on your income.

Unforeseen Injuries

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You could argue that all injuries are unforeseen, but it’s important to be aware of what an injury could mean for your finances. If you live in the UK, you don’t have to worry about medical bills which makes things a lot easier. However, you do need to think about time off work. In some cases, you will be able to get paid sick leave, but you might find that you are on a freelance contract under another name. Plenty of companies are now hiring workers on freelance contracts. This means that they don’t have to provide any benefits including sick pay. You can see how that would be a problem because it could leave you out of pocket during your recovery. But how do you handle this?

Well, first, it’s important to think about the cause of the injury. It’s quite possible that it was someone else’s fault and if that’s the case you should consider legal avenues. Remember, an injury can be small at first like whiplash. That’s a common injury when your car is hit from behind. How much do you get for whiplash? Quite a lot because it can result in chronic pain that could be permanent. This might alter the quality of your life and severely impact how much you can work. That’s why if you are injured in an accident, you should always speak to a lawyer.

The other piece of advice would be to make sure that you are saving a nice cash cushion that you can fall back on in cases like this. That way, if you are unable to work you will still be able to get by with the cash that you have built up over the years.

Moving Home

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Whether you’re buying your first house or simply moving to another place, you shouldn’t underestimate the pressure it’s going to put on your finances. The mistake people make is thinking that they only have to worry about the cost of the deposit for the home and this isn’t true. You need to think about everything from legal fees to removal costs and everything else on top of that. If you’re selling your old home, you’ll have to pay marketing fees, and the list just keep growing. If you are buying a fixer upper, you might even need to pay for renovations on the home when you move in.

The bottom line is that these costs aren’t a problem as long as you’re aware of them. But if you’re not you could commit to buying home without the true extent of the financial pressure that you’ll be under. Then, there are other costs to take into consideration like mortgage repayments. Suffice to say the first few months or even years or buying a home can put a lot of pressure on your finances and you must prepare for it.

Legal Issues

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Finally, you might think that you’ll never end up in court, but it’s important to understand it’s not just criminals that have dealings with the law. You might end up arguing a traffic offense, or it could be more personal like a divorce proceeding. Law cases always cost money, and it’s just one more issue that can impact your financial situation. So, if you ever do end up going to court make sure you are aware of how much it’s going to cost you. Particularly, if you have chosen to start a legal claim yourself because it could end up being a lot more than it’s worth.

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Freelance Family Finances

Living in a family with one freelance parent must be a bit tricky at times, with one person’s contribution being potentially unstable, but having TWO freelancers in the house? Let me tell you, it definitely has it’s pros and cons! We love the fact that we’re able to choose our own hours which means we’re able to work around school holidays, go to the gym during the day when it’s less busy (because we’re both usually working in the evening!) and be flexible when it comes to meeting deadlines, however the uncertainty with freelance work can also be a worry.

It also means that we have to keep two sets of accounts throughout the year, which should be easy given that I’m an ex-bookkeeper, but it’s not always simple. We’re lucky in the respect that neither of us really has any expenses related to materials needed to work (as long as I have a laptop and an internet connection, I’m usually good), but we can factor in using our home as an office as well as writing off a small portion of our utilities because we work from home, as well as other little things to be remembered. Last year, we bit the bullet and invested in some accounting software to help us keep a track of everything, but stuff like this is only accurate if you remember to add everything so it’s still not a perfect solution!

If you’re a freelancer and struggle with the admin side of things, here’s some tips to help keep on top of it all:

Folders

Filing might seem like a massive pain in the bum, but both virtual and physical folders can be a real help. Create a folder within your email inbox which allows you to file emails for work related purchases, as well as an actual ring-binder in which you can keep paper receipts and invoices. If you leave your accounts til the end of the year, you’ll likely forget a few things so keeping records is super important.

Keep It Simple

Probably the single most important thing for keeping on top of freelance finances is to KEEP. IT. SIMPLE! Setting up complicated proceses will just create you more work in the long run and you’re setting yourself up for failure. Try to keep things as easy as possible in order to make things run more smoothly.

Don’t Be Afraid to Ask for Help

There is absolutely no shame in admitting that doing accounts just isn’t your forte. You might be the best writer/marketing manager/social media consultant/whatever on the planet but it doesn’t mean that you’re good at doing accounts. Even entry-level bookkeepers usually have some form of training or qualification and starting your own business doesn’t automatically mean have the skills for the money side of things. Finding a good accountancy firm who can take care of things for you will usually cost far less than you think and will free up time for you to concentrate on doing the thing you love!

Do you have any tips for freelance families like mine? Do leave me a comment below as I’d love to hear them.

Three Times When I’ve Needed Money Fast

I have to admit, I’m not one of those people who manages to save money very well. As soon as I get paid and my bills are taken care of, the remaining money seems to burn a hole in my pocket until it gets spent and this means that there isn’t much to squirrel away at the end of the month. However, this approach to money isn’t very useful when an unexpected expense comes along, which is why it’s really fortunate that quick loans are always an option. I thought I’d tell you about three times when we’ve needed to raise cash quickly so that you can see how easy it is to be stuck with a huge bill that you just weren’t expecting:

The £200 Fart

A few years ago, Chuck started acting unwell and was totally off his food. Even when he’s at his most ill, he’s NEVER off his food so we knew that we had to find out what was wrong. Unfortunately, it was a Saturday which meant taking him to an emergency vet and we didn’t have pet insurance as he has so many pre-existing conditions. A few hours and a couple of hundred quid from Husband’s ‘New Computer’ fund later, we found the cause of his illness – trapped wind and an impacted anal gland. It’s got to have been the most expensive trump that ever happened!!

Car Trouble

Just recently, we came to the conclusion that we needed a new car; the old one was limping along and probably wouldn’t go through another MOT but funds were low. Luckily, we found a little Ford Focus through a private dealer that a family member had used in the past and managed to bag ourselves an absolute low-mileage bargain. However, we still had to borrow £200 to be able to afford it, but this small loan gave us the wiggle room we needed to be able to get our new car before the old one died!

Moving House

The last time we moved was a pretty hairy situation – the house we’d been living in before was being sold without notice and we had to be out ASAP, which didn’t give us much time to save. However, the new landlady wanted an extra month’s deposit to allow us to have a pet in the property, which left us about £600 short of what we needed to move in. I was so fortunate to have an amazing friend who offered to lend us the money, interest free and without a repayment deadline, which allowed us to move to our dream home!

Has there been a time in the past when you’ve been desperate for an injection of cash, pronto? Leave me a comment below!

Shoring-Up Personal Financial Accountability

In addition to daily spending obligations, household budgets also accommodate “big picture” goals, such as home ownership and retirement.  And while it may be relatively easy to track day to day outlays, plotting and planning for long-term financial success calls for another layer of management.

Financial accountability within your personal budget ensures long-range goals are recognized, without leaving you vulnerable in the short term. And though each person faces unique financial conditions, some of the same strategies prove beneficial, under wide-ranging circumstances.  If you are experiencing financial inconsistencies or just want greater accountability administering household cash flow, use the following practices to bolster your personal finances.

Maintain Discipline and Spending Resolve

Although it sometimes seems like a mystery (where does the money go?), personal finance is not terribly complicated.  In the end, success managing money relies on consistently balancing income and expenditures.  And since income is relatively static in many households, adjusting spending is the fastest way to correct imbalance.  If you face recurring cash flow shortfalls or other financial irregularities, it may be time to double-down on spending discipline.

Financial concerns cover broad commitments, ranging from customary living expenses to major purchases.  When your approach to finance calls for greater accountability, use the following methods to keep spending in check and reinforce budget discipline at home:

  • Limit credit card use
  • Weigh the pros and cons of each purchase – before committing
  • Make it harder to access discretionary income
  • Learn from buying mistakes
  • If you need to take credit, use a reputable lender

Reduce Oppressive Debt

If you are like many consumers, your debt load is more substantial than you’d like it to be.  Reducing the burden not only frees resources for more important spending obligations, but it gives you more control over your balance sheet.  Too often, oppressive debt quickly gobbles-up income, preventing household money managers from steering their own financial destiny.  With a manageable burden, on the other hand, it is possible to plan and allocate resources as you wish.

The first essential step toward debt reduction is to stop building balances.  As you pay-down outstanding obligations, without adding more charges to your accounts; your budget will begin to feel relief.  With each billing cycle, the weight of debt lifts, taking you one step closer to your financial goals.  For faster results, even with a so-so credit history, it may be possible to borrow money at a more favorable rate, to eliminate balances.  A consolidation or guarantor loan, for example, captures multiple obligations under a single repayment umbrella, refinancing the debt at a lower interest rate – or with better repayment terms.

Expand Financial Understanding

With so many demands pulling at family finances, money managers commonly make mistakes, due to misunderstandings. If you feel uninformed, or uncomfortable with certain aspects of household finance, it is up to you to increase your knowledge base.  Whether it means taking a formal course about finance or studying on your own, clearing-up you financial perception helps create greater accountability at home.  Some of the key concepts at the heart of individual financial success include:

  • Budgeting
  • Using a personal balance sheet
  • Finding favorable financing
  • Saving
  • Investing
  • Preparing for major purchases
  • Retirement planning

A firm grasp of these important concepts gives you the tools needed to establish long-range goals and stay focused, realizing your financial ambitions.  In addition to formal instruction, various online channels furnish references and resources for boosting financial insight.  Each lesson builds on itself, until your financial understanding fills-in, growing into an asset, rather than a liability.

Financial discipline and accountability are vital aspects of successful financial management.  By reducing debt and fortifying financial knowledge, it is possible to reinforce your financial health, setting the stage for long-term security.

Have More Money Than Ever Before: 3 Ways

Would you love it if your family could have more money than ever before? There are a few different ways you can do this, and they aren’t as difficult as you may think. Here are 3 ideas you can use!

Change Your Language And Mindset

The way you talk about your finances can make a huge difference, including how you talk about them in front of your kids. By talking about things in a more positive way and changing your mindset, you can find things make a positive turn. You don’t want to instill a fear or hatred of money into your kids. Include everybody in financial discussions, save up together, and have money meetings. These things will help you all to stay focused on your goals. Just be sure that your language reflects the way you want to feel when you have lots of money!

Invest Your Money Wisely

Every single thing you spend your money on should be thought about carefully. Do your research so you know that you’re investing your money wisely. This goes for buying new outfits, or actually investing in stocks and shares. Investing in the traditional sense can help you to build up more wealth later on. However, thinking about short-term purchases carefully is important too. Remember that sometimes, spending more money on a higher quality item will actually cost you less, as you won’t need to replace the item as quickly.

Keep Track Of Everything You Spend

Keeping track of everything you spend is a must. You need to know your numbers! The infographic below can help further.


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