We all struggle to find some cash at the end of the month. Before payday washes over and refills our bank accounts, it can be a bit of a struggle. We’ve been there more times than we’d care to admit! Luckily, we’ve developed some expert tricks for freeing up your cash flow. All you need is an extra little kick to see you through.
The solutions below are all fairly simple and straightforward. You can start doing most of them immediately. You’ll start saving money for a holiday, or put it towards a big date night! Others will simply set you up for a better income in the future, giving you more breathing room when the end of the month comes around. Let’s dive right in, and take a look.
Rethink your bills
The first thing to do is carve some extra money out of your essential outgoings. It’s these huge chunks of money that disappear early in the month, and leave you stranded. We’re talking about rent payments, mortgages, utility bills and car costs. Now, there’s not much you can do about your rent payments. But, all the others can be renegotiated or cut back. Start by shopping around for a better electric supplier. Do the same with your gas, water, phone, and internet company. Renegotiate a better payment plan with credit card companies, and redistribute your car finance plan.
One of the easiest ways to make a quick buck is by selling old items. We’ve all got bits and pieces lying around the house we no longer need. Get up into your attic, and purge all the unnecessary clutter. We like to live by the eighteen-month rule. If you haven’t used it in eighteen months, you’re probably not going to again. Sell it! Use eBay, Craigslist, or your local flea market. It all adds up once you start selling things.
Pretend you earn less than you do
We all have a habit of spending what money we have in our account. If it’s there, you’ll spend it. Even as you earn more, you’ll often find that you’re running on empty by the end of the month. So, change your mindset from the second your paycheck lands in your account. Pretend you earn less than you do, and put the excess into an accessible savings account. That way, if you do find yourself struggling at the end of the month, you’ve got a little extra pot.
Ask for a raise
Did you know that most people who ask for a raise do actually get one? If you’ve been at your job for more than a year or 18 months, it could be time to pose the question. Make sure you prove your worth, and explain why you deserve the raise. Even a small bump will help give you some breathing room.
If you want to start planning a better future, think about investment. It’s nowhere near as risky as you think, and there are plenty of easy ways to get started. Speak to a financial advisor, and see how your money could go further.
Follow this advice, and you’ll free up some essential cash at the end of next month! Have you got any other great ideas?