The ABCs of Managing Money
Make it Possible
Whatever your goals are, you have the power to make them reality. Take a proactive role in your finances, and you will find ways to make this possible. Don’t earn enough to put towards your debts? Find ways to create more income. Take up a second/part-time job, start a home-based business, or try moving up in your current job. If you simply don’t know what you owe, create a list of the things you do know about. Think there’s more? Check your credit report (which can also help you spot possible mistakes in your records).
Never Go to the Grocery Store Hungry
Here’s a tip that pertains to saving money doing an easy task that everyone has to do at some point: If you are going grocery shopping, try to eat at least a snack before you go. This will help curb the tendency to put whatever looks good in the moment into your cart. When you are hungry, and you are looking at an aisle of food, everything may look good and you won’t be saving money! (Remember to take your list with you to the store as well!)
Offer to Take on Extra Shifts
We talked earlier about creating more income with work. An easier way to do this would be to simply take on extra shifts at work, if you can. This will allow you to not have to add a new job, but will still create more income for you to put towards your debts. All you have to do is calculate how much extra you would have from the extra shift(s), and then apply that to a debt.
Pursue New Careers
Whether you dislike your current career, or if you see no room for growth, it may be time to look at a new one. Start talking to others who are in your field of choice.