Unexpected Ways to Kick Your Finances Back Into Shape

by Magical Penny on April 5, 2017

flexibility in savingsThere are so many great ways to kick your finances into shape when you’ve let them collapse. Regaining control is not easy, but you don’t need to follow the same dull tips and rules that lots of people talk about and point you towards. Sometimes, thinking outside the box and taking a few simple steps can be enough to improve your financial situation. Here are some ideas that you should try out.

Start Being Harsh with Yourself

Being harsh with yourself might sound like something that wouldn’t be particularly useful when you are trying to improve your situation. But sometimes, being firm is the best way to be. If you’re the kind of person who is ill-disciplined when it comes to money matters, a firmer hand a stricter sense of self-regulation could be exactly what you need. So, rather than letting yourself get away with financial mistakes, make sure there are consequences when you take a step in the wrong direction. That way, you won’t be so willing to let them happen again in the future.

Focus on Your Habits and the Mistakes You Most Commonly Make

When you’re in a poor financial situation, there is usually a pretty obvious reason for that. It might be because you make the same mistakes over and over again. When you do this, it makes it very hard for you to turn your situation around and make positive steps in the right direction. That’s because every time you do something good, you will make the same mistakes that you always make and take a couple of steps back. You should focus on these habits and mistakes and find ways to change them permanently this time. That’s the only way to achieve lasting change.

 

Organise (and Automate) Your Regular Outgoings

We all have certain things that we have to spend money on every month. Yet, these expenses and costs can still come as a shock and surprise when the time actually comes to cough up the cash. If you need help with smart decisions about paying rent or getting the bills paid on time, there are plenty of resources out there. But it should all start with greater levels of organisation. When your regular outgoings are organised, and, wherever possible, automated, your life will be so much easier. You will know how much of your income is going towards these things and how much will be left over.


Grow Your Income in Ways You’ve Never Tried Before

Growing your income, and maybe diversifying it a little, is a really good idea and it can help you get your finances back in shape much quicker. There are always new and interesting ways to earn more money if you’re willing to work more hours. Sit down and think about what skills, abilities and talents you have. We all have them, and many of those skills and talents can be monetised in some way. The extra money you earn from these activities will help get you back in shape, and your income will be diversified in case you never need to shift career in the future.

 

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