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How to Make Your Money Stretch Until Payday

August 25, 2020 by admin

We’ve all been there. Funds are low, payday seems years away, and in that moment, you feel like you might not make it. Waiting for payday can make your days feel grey and dull, or it can make it feel like time is at a standstill, especially if you’re struggling financially, or have debt that needs to be paid.

Thankfully, there are ways to make your money go further and to help make those last few days before salvation a little bit more bearable and less stressful. Here are some of the top ways to make your money stretch as you wait till payday.

Set a Spending Allowance

One of the first things that needs to be done when trying to last till payday is to take stock of your current finances and figure out how much you have left. Once you have that, you should be able to work out how much money you can spend each day. Now with this limit in place, you need to prioritise the essentials that you need to spend it on. Food will be your main concern, so make sure you budget that into your allowance, as well as bills and utilities.

When following an allowance, it’s vital that you stick to it and avoid unnecessary payments. It is always best to underspend one day and let the leftover funds rollover to the next than it is to overspend and find yourself trying to cut down on the next day.

To help keep you on track, it may be worthwhile keeping a record of everything you’re spending with a spending diary, so that you can be held accountable. By having these records, you can more clearly spot patterns and spending habits that you should try and break.

Use Discounts When You Shop

If you do have to go shopping during this time as you wait till payday, it’s important to try and get the best deals you can find. Shops usually drop sales between Wednesday and Fridays, so it’s always good to shop then and be sure to go towards the end of the day, as there’s more chance there’ll be produce in the reduced aisle that the store wants to get rid of.

When online shopping, you can also get great discounts through coupons. These can reduce the prices on your goods and some can also be used in conjunction with each other to stack deals and reduce the price even further. Also keep an eye out for free shipping, as this can drastically reduce the prices of online goods.

Try Free Activities

When some people are low on funds, they feel they’re unable to have fun and enjoy themselves, as socialising is usually a costly pastime. However, it’s important that we remain active to boost our mood and general wellbeing. That’s why it’s a good idea to do free activities.

There are plenty of free things people can do, too, depending on where you live. You can always go to the local park, hike in a forest or other nature reserve, check out some free museums or even just have people round for movies and snacks. You don’t have to break the bank to have fun and see friends and doing this can really help make the days till payday pass quicker and become more bearable.

Great Suggestions For Making Some Side Cash

March 10, 2017 by admin

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Have you been wanting to save up for that special event or special gadget you’ve had your eye on? Wanting to go off on an extra holiday this year but it’s not in the usual budget? Wanting to just be able to splash out a bit at the weekend on some new shoes but can’t justify the cost? Why not put your spare time to work and start making money by doing not much at all! Check out some of the great tips below to start making some extra money on the side!

Recycling Stuff

Think about that stuff around your house that is just collecting dust or is getting in the way. Is there anything there that could be a potential moneymaker? Things like old DVD’s and CD’s, books, games, even clothes and other bits and bobs that no longer have a use. Go through your old film collections and see if there is a potential goldmine in there. In particular old era Disney VHS go for a fair amount of money online these days – with some of them going for potentially hundreds if they’re unwrapped and still in mint condition. Mobile phones are another great option for recycling, with the higher prices going for more recent makes and models – but if you’re that person who has kept every phone since 1990 when you’ve upgraded, you could be sitting on a fair bit of money.

Rent out Parking

Are you living in an area where people would give their eye teeth for a parking spot they didn’t have to battle for or get up at the crack of dawn for? Are you frequently away or perhaps you work during the day and don’t need your spot between business hours when someone else could utilise it. This is a potential high earner depending where you live. Some places in extremely desirable places go for thousands a month. There’s even been reports of a parking spot in central St Ives, Cornwall going for £50,000 a year!

Tutoring

This is a great one for anyone who has any kind of specialist knowledge in a subject or for people who even just speak English as a first language. Many people don’t mind if their English teacher doesn’t possess a degree as long as they’re a native speaker. This can work for anyone that doesn’t mind conversational teaching – as in, just chatting with people by Skype who are happy to pick up the odd conversational lesson. You could even start your own group chat and get a couple of students to do group calls with people from around the world to practice together, all for a bit of side money!

Playing Casino Games Online

With so many different online casinos out there these days, it can be a bit daunting to find the perfect one for you. Choosing the casino with the best bonus program can be tricky, but it doesn’t have to be. Of course you want the best casino with the highest payouts and the best potential of winning, and no deposit casinos offer some great welcome bonuses allowing you to play right now without having to sacrifice or bet any of your own money at all!

So there you have a couple of great ways to make some quick side money without having to spend tons of time picking up a second job. Get started today and get those savings plump up so you can start enjoying your cash now!

Master the Cash Class: Great Money Lessons Your Kids Will Never Forget

February 14, 2017 by admin

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Many of the lessons you learn in your formative years will often stay with you for the rest of your life, which is why it is so important to teach your kids about money so that they can become financially savvy adults.

Here are some insights and tips on the basics of financial management that you should be trying to instill within your child’s psyche from an early age. There is a look at the importance of teaching them financial lessons, ways to encourage a savings habit, and why what you do with money will shape their future habits.

No one wants to be financially illiterate

We are taught how to read and write at school as well as basic math skills but one thing that seems to be sadly lacking in the educational curriculum is some lessons on how to handle money when you are an adult.

The only way your children are going to find out about how bank accounts work, how to use credit cards and how to build a good credit profile, is if they find out for themselves or you take the trouble to teach them.

Teaching them early is the preferable option as it means that they have a better chance of avoiding some financial mistakes along the way as part of their learning curve.

There is a good chance that you have made some financial mistakes in your life that you learned from, so it makes a lot of sense to impart this wisdom to the next generation and give your kids the chance of a head start, by understanding what they are doing with their money from the get-go.

Get them into the savings habit

Starting kids off early with a piggy bank is a great way of teaching them the discipline of saving for something they want and understanding that you can’t always have everything straight away.

Most children feel really pleased with themselves when they see all those dollars they put away from gifts and doing chores, turn into a sizeable sum of money that is enough to buy what they have been saving up for.

Encourage your children from an early age to develop a savings habit and it there is a good chance that it will stick with them when they are adults.

Lead by example

Your children will learn a lot of their life skills from you and it is down to you to try and set a good example.

If your finances are a bit chaotic and you don’t often have any second thoughts about using your credit card to pay for meals out or the groceries, there is an increased risk that your children will copy this attitude and could result in them overspending and running into trouble.

If you have a stack of credit cards in your wallet, one solution could be to transfer all of your balances to one card to gain better control. Another good idea would be to try and show some restraint with your spending on these cards and talk to your kids about how interest rate charges work when you borrow money in this way and don’t pay it all back on the due date.

Money doesn’t grow on trees

How many times did you hear your parents say that to you?

The fundamental point to get across to your children is that money has to be earned and doesn’t just get given to them. If they grasp that concept and develop a healthy respect for money because they have had to earn it by doing some chores around the house, this can only be a good lesson for when they have to fend for themselves as an adult.

Sam Bentley has 3 kids; 2 sons and 1 daughter and he is intent on raising them to be honest, well-rounded individuals who can stand on their own 2 feet in life.