Struggling With Your Finances? This Could Help

When it comes to your finances we can all find that we can get into a little rut with them every now and again. With fixed incomes and not much movement along with the threat of big bills landing unexpectedly we can all face the dilemma at some stage on what to do to loosen the pressure. 

This year has been like no other, it has certainly changed the way we operate when it comes to living our lives. The financial side of things have been affected massively, and many people have lost their jobs or received reduced incomes. So what can we do about it? The chances are we need to think about how we can make things work better now. There are things that we can do to tighten our incomes and finances and make the most out of the money that we have. With that in mind, here are some quick solutions that you could consider to help you free up the financial strain. You can also check out this article to start selling on eBay.

Reduce your outgoings 

One of the biggest things you can change is your current outgoings. This is where you do have control over how much you could potentially save. Things like energy bills and insurance policies can be switched to other providers for a better rate. In many cases, loyalty doesn’t reward you with their best deals and these can be saved for new customers. You could also take control of one of the biggest bills and that is the food shopping. Things like meal planning can really help to reduce how much you spend as you write a list specific to what you need that week. You may also be able to reduce your outgoings on other luxury items such as clothing and eating out by using vouchers and coupons to help keep the cost down low. If you look hard enough, there will always be ways that you can save. 

Look at some of your plans for the next year

A lot of what you wanted to do when it comes to your plans may have had to be stopped because of the coronavirus epidemic. This might have been a bit of a travel plan, it could have been a change of career or perhaps even a house move. You may have been looking at your options for things such as a downpayment for resale hdb and things have been halted. It doesn’t mean to say that you can’t start to make those plans now and look for the best possible deals on the market. There is a lot of information when it comes to new financial deals that you can take advantage of, so it is definitely worth looking at when it comes to making those big changes in the new year ahead. 

Look at ways to keep you afloat 

It is important to have back up plans because there can be times where we are presented with bills that we just can’t pay or afford to pay at that time. Having savings to back you up could be advisable, but in this modern day sometime it can be hard to create the savings you need. This is when things like cash advances and loans could help. But it is also important to remember that these things need to be paid back and will add to your outgoing moving forward. Many times we can be left worried about how we are going to pay for something that needs a big repair or a change. But it does mean that you may need to look at what your options are. You could also try and generate some savings which we will look at later on in this article. It is times like this where you need to look at all your options. 

Don’t be afraid to go for things 

Right now you may be worried about making any significant changes, this is especially noticeable when it comes to your job or your career. The last thing you want to do right now is rock the boat when it comes to making big changes with your finances. You may have a secure job that might not pay a lot but it is enough right now. Things are needing to be changed so why not go for that new job, promotion or career change? If we don’t make these changes now you may find that you never have the courage to do it. We all need to improve our lives in some way, and this could be a great way to do it. 

Bring in some extra income 

Finally, if you do want to build up some extra income, or simply be able to put money aside for those unforeseen bills that can rear their heads, then it might be time to try and take up some extra side hustles in your spare time. First of all, you could look around your home and sell any unwanted items you no longer want, love or need in your life. You are bound to have things from old technology that you have upgraded, clothes that no longer fit or home furnishings you don’t like. Selling these online on websites like eBay could give you a fast return.  If you have a hobby that involves making things or personalizing items then there are many places online where you can sell these. Etsy is a great example of an online marketplace for bit and bobs you want to make some money on. A lot of people use Etsy when there are birthdays and other special events coming up so you will always have the chance of making money from it. If you are wondering how much this will set you back take a look at the online calculator tools.joinflyp.com/etsy-fees-calculator. There are also other things you can do in your spare time that include filling out online surveys, testing websites and performing mystery shops. These things can pay you a fee for your time and some can be done while you are relaxing in the evening watching TV. There are plenty of websites that share with you tips on how to earn extra money in your spare time. 

Right now things are looking scary and we never truly know what it is that is going to happen next. But, we can still control some aspects of our lives. There are things we can actively change. Let’s hope that this has inspired you to help you through some of the tough spots you can face when it comes to your finances. 

Struggling With Your Finances? This Could Help