Thursday, September 07, 2017

Enjoy Life While Managing Your Finances


One big misconception is that you can't do the things you want to do when managing your finances responsibly, because, well, you're being responsible. But this isn't the case at all - quite the opposite in fact. The more responsible you are with your finances, the more money you'll have to go out and do whatever you like with. Girls night out? Fancy meal? New shoes? Vacation? - You got it! 

Here's how you can have all that while keeping your head above water. 

Don't get yourself in debt 

One of the most common money problems is getting yourself stuck in debt. You take out a harmless loan to cover the costs of something you deem important, only to end up moneyless and unable to pay off your outstanding credits. The best tip is to avoid getting sucked into this cycle altogether. But if it's too later, sites like debtconsolidate.company can help you fix the issue by consolidating your debt. 

Budget your budget

If you're clever enough to already have a budget - well done you. But if you want to be on top of your game, you should budget that budget. This means prioritizing the most important things, just like you would when creating a normal budget, but this almost works as a process of elimination to focus on the absolute most important areas. Once you know what's left - that should be your main concern. So for example, if it's your bills, you should make sure you always pay on time when you're supposed to. If this means putting that money to one side before hand so you know it's to be untouched - so be it. 

Get a second job 

Yes really. The more you work, the more money you make, meaning the more freedom you have to do whatever you want. So if you feel up to it, have a look a taking a second job, ideally with flexible hours so you can work in the evenings or on the weekends. The point to this is not spending any of your earnings that you make from the second job. Instead, put them all away into a savings account before you even get a chance to look at the payslip. - Then forget about it! By no means should you touch this money - there's no reason to. Then when you're ready for a change of scenery, stop, and look at all that money you've made. 

Now you have the tools, make that money, manage it properly, and then live the life you want to live. There comes a time when you become financially stable, (and not everyone is,) so when that time comes, it gives you a new sense of life and adventure, because you're able to enjoy everything around you without thinking "I can't afford it" or "I really shouldn't". That's really no fun. 

So the bottom line is, if you're able to control what you're spending, and at times be disciplined - you can have and do whatever you wish.

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