Monday, May 27, 2024

Saving Your Finances.

December 28, 2017 by  
Filed under Money, Opinion, Weekly Columns

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(ThySistas.comIt is easy enough to get into a state of despair with your finances. Through one reason or another, a lot of people are left considering taking on second jobs just to try and bring their finances back up. The life this is going to lead them to live is going to be even more stressful than simply having bad finances. So, if you know your finances are a bit down in the dumps, please don’t consider taking on so much work you’ll burn yourself out within a couple of weeks. There are other ways around it, you just need to make sure you’re giving yourself some self control, and that you actually want to change your situation.

Restrict Yourself

This is the first thing you need to do, and it is where that self control we were talking about in the first paragraph comes into play. The lifestyle you used to lead is probably the main reason why you got yourself into this state. So, the first thing you need to do is step back and take a look at the bigger picture. Are you out every weekend with friends shopping, drinking, eating? Well, just this one day or night out every weekend has the ability to drain your finances quicker than anything else. Just one day out of eating and other things can see you spending over a hundred. That’s a hundred you could put into savings, or help towards paying bills. Cut back and just have one treat day a week. You’ll feel so much better for it by the end of the week.

Help Yourself

If you really are struggling so bad with your finances, you’re going to need a bit of a helping hand to make sure you get through the worst of times. Credit card are a good option for some short term help as long as you know you’re not going to let yourself get out of control. But the thing is, a lot of people see it as money they don’t have to give back, but eventually that money does have to be given back, and if you’ve gone and spent say thousands, you’re in trouble. You also need a decent credit score. But, if you know you don’t through making whatever mistakes in the past, there are fair credit credit cards that you can use for emergencies only. Use it if you need to do a weeks food shop at the end of the month. Or maybe a bit of petrol in the tank. Don’t go overboard and use it to fund a lifestyle you can’t afford to lead. You’re only going to screw yourself over even more when that payment date comes around.

Speak Out

Sometimes it is just best to talk to someone about the issues you’re having if you feel they’re getting out of control, which it is really easy to feel. Family are the best people to speak to, they might have been through the same situation before. Or if you don’t feel comfortable, there are plenty of online advisors that can give you the advice you need.

Staff Writer; Lisa Day


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