If you’re currently a bit strapped for cash, or you simply want more available to you, then there are various ways you can increase your funds. This doesn’t have to be time-consuming or complicated, with some savvy strategies and small lifestyle changes, you can give your bank account a real boost. Let’s see how…
Where you hold your cash can massively impact how hard it works for you. Whether it’s a spending account or savings, you want to make sure you’re getting the most out of your banking, and that you’re also seeing the best return with the lowest fees. This means you need to put your research in – look at Chime reviews, comparison sites and ask people you know for recommendations so that you know you’re making the right choice.
Assess Current Spending Habits
Many of us spend unnecessarily without even thinking about it. Monthly subscriptions, buying your work lunch from the shop each day, opting for taxis over the bus. Think about it – do you need all those subscriptions? How often do you really make the most of them? And why not bulk prepare your meals for work – this means they’re probably going to be healthier, cheaper and you don’t have to mess about going to the shop each day. Getting the bus instead of a taxi might be slightly less comfortable but by doing this regularly you’ll be saving a huge amount of money, and you’ll still be getting to the same destination in the end.
If you go over what you currently spend money on and either eliminate certain aspects or go for the cheaper alternatives, you’ll find that you’re soon left with a lot more cash in your account. It really is that simple!
Now, most of us accumulate things that we don’t need over the years. However, most of us don’t need to keep all these items that just end up as clutter in our homes. Have a look around the room and ask yourself what you really need and what is just there for the sake of it. Minimalism is very ‘in’ remember, so embrace it! Start selling anything you don’t want or need. You’ll find your home is more spacious and you’re better off financially for it. It’ll be a weight off your shoulders.
Starting up a side hustle can be a wonderful thing for a variety of reasons. It can be a chance for you to make some extra money through a hobby you genuinely enjoy, you can learn a lot, and you can meet new people through it. This depends on which side hustle you take up but that’s down to you – there are endless options out there. It could be freelance writing, selling baked goods, or wedding photography – anything that you love and are capable of doing! If it takes off, it could eventually shift from your side hustle to your main vocation.
The sooner you make these adjustments, the faster you’ll be able to reap the rewards. So, ensure the accounts you store your cash in are working for you (remember to check the reviews – see here), go over your current outgoings, get rid of your old items, and start being your own boss even if it’s just on the weekend!