We can all agree that money matters and influence a great part of our well-being.
Some have been reported to feel sick thanks to issues surrounding money.
Unfortunately, we are in a time when the world over is in crisis. Economies are shutting down and we can all feel the tension.
How do you remain afloat while your shilling isn’t stretching as far as it used to?
Below are some tips on how to beat the economic crunch :
Redefine your priorities
Take a hard look at your expenses and weed out excesses that aren’t necessary. For instance, many of us have numerous entertainment subscriptions that we rarely get to enjoy. Cutbacks will save you some money.
Budgets
If you don’t have a budget, now is the time to establish one. If you already have one, there is no better time to stick to it. Budgets limit excessive spending and give us the much need peace of mind.
Gain control over your money
Money is a great servant but a terrible master. Learn to dictate what happens to the money you have. Don’t allow money to influence your decisions. Take back control.
Earn extra cash
Look past your paycheck and identify ways on which you can earn extra cash. Talents & gifting can come in handy. For instance, do you love baking or coding and haven’t monetized it yet?
Innovate
They say necessity is the mother of invention. Don’t be so quick to always pay for something, is it something you can develop? We have resources around us that can literally guide us on how to make anything. DIY is a great way to stretch your cash.
Go forth and crunch away this economic crunch.
