At the beginning of every year, many people take time to think about resolutions for the year ahead. They may have much to do with lifestyle but some also include money goals and what you want to achieve. But like a lot of resolutions, after the month of january has passed you become less focused ad just live your lives. However, we are well into the year now and so there is no reason why we can’t visit some of these goals we set and start focusing on them. So we don’t have to make the same promises when the next new year rolls around. Financial goals often have much to do with improving your financial situation, so I thought I would share with you some of the ways that you could improve yours.
Focus on your outgoings
One of the first things to consider is your current monthly outgoings. A great tip is to have at least three months worth of bank statements to hand and start to highlight outgoings you may not recognise or you think you could save money on. Energy and insurance providers ca often give you better deals by switching suppliers. You may also notice that you have outgoings for things you might have thought you had cancelled. These changes can make a significant difference to your disposable income, and really it is only one thing you have done.
Could you be earning more?
Once you have improved your current situation now is the time to start looking out for as you could be earning more and bringing more into the home. Do you love your job? Is there scope for improvement? If the answer is yes then perhaps you may be due a pay rise or a promotion up the career ladder. If you don’t enjoy your job is now the right time to change? Perhaps you could use your spare time to train in something different, maybe something like an online dnp program for specific job roles or maybe something more generic like management training or business degrees. It is never too late to change your career and it could provide you with more income and a better quality of life.
What could you do in your spare time to change the situation
We have already discussed using your spare time to train in a different career direction, but what about using it for other ways to boost your income? There are many ways you can make some extra money online. It could be that you search out freelance jobs, fill out online surveys or do some website testing. It could be that you might want to perform some mystery shopping assignments and earn a fee as well as some freebies in the process.
Money in your things and in your home
Finally, you may have a house full of things, but do you really need them all? The chances are you have things in your home that you no longer need, so why not sell them to make some extra money? Platforms like eBay can make things very easy for you to do it.
I hope that these tips help you to improve your financial situation this year.