Most people would like more money in their life and find it hard to figure out how to make more money. Sometimes it takes another person’s perspective to find ideas of what to do. With a little tweak of your accounts and a whole lot of effort, it may be easier than you think to bring in more money. Who knows it may even be fun!
Here are some tips to help increase your money:
Money is a tool, so give it a purpose and set a goal of what you would like the money to be used for. It could be a holiday, buying a new outfit, a new book; something that brings you joy; that way when you have reached your goal and made that purchase you will associate money with fun. This makes it more of a pleasure and will encourage you to set more goals in the future, which you know you are capable of achieving. You may be surprised of how quickly it will take to reach your goal.
Incoming and Outgoing
Write down everything that you spend, and I mean everything 😉, this way it will be easy to keep track of without any hidden surprises. Also, be sure to make a note of every time you receive money. This could include an unexpected bonus, income, royalties, prizes, gifts etc. This will also help put things into perspective because once you know where your money has been going, the sooner you will be able do something about it.
After you have discovered where your money has been going you will gain clarity. Now decide on what things you no longer want to do or things you don’t need and cancel any direct debits or recurring subscriptions you forgot you had and have seldom used. It is amazing how much money can be saved from old direct debits that have forgotten to be cancelled. This will release money you have been virtually giving away, which means more money for you 😊.
Start a new habit to save. Aim to save at least 10% of you monthly income. Open a savings account and set up a standing order so a fixed amount goes out from your current account and goes into your savings account automatically, this way you don’t have to think about it. Try to only glance at it once or twice, that way it will be a pleasant surprise when you do take a peek. Don’t worry too much about the amount of money you are putting in, it doesn’t matter how small it is to begin with. It is the habit itself that will make a difference. Once you are comfortable setting aside a small amount, you can always increase it.
Make the most of every opportunity to bring more money in. This could involve going through your wardrobe and selling any new or like new clothes which are in great condition, but you have never worn or are never likely to wear; selling any unopened gifts to even baking cakes and selling them at a local stallholder event. You never know you may have so much fun doing this and it could lead you to start a business of your own!
These are only a few ideas to get you started, before you know it there’ll be no stopping you
You Got This!
By Pamela Sommers
*The content of this article is the sole expression and opinion of its author. This material does not constitute as financial advice only opinion. Before making any financial or investment decisions, I recommend you consult a financial planner to take into account your personal investment objectives, financial situation, and individual needs.
Pamela Sommers is the author of best seller ‘Life Lessons from a 40 something…’ and Founder of SommerSparkle, an award-winning online boutique providing jewellery & accessories for special occasions
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