“This year will be MY YEAR!” – If you’re anything like me, then you’ve been repeating this (or a similar version) every single year. Don’t you think that it’s time to do something differently? Stop making empty promises – come up with a strategy instead! Change huge leaps into MANY small steps that you can ACTUALLY take today, tomorrow and ‘till the end of the year. Here are 7 things that will help you out.
1. Stick to a Budget
I know, “stick to a budget” sounds like an order to become touchy about every penny you spend. But it’s not. Calculating how much money you get and how much you spend is a smart thing to do. You can’t expect that cash will start flowing out of nowhere, or that those new shoes won’t affect your budget.
Now take a deep breath and write down all your existing monthly expenses. Don’t lie to yourself and remember to add those once-a-year bills, plus the money you owe.
Then, compare the number to what you earn and calculate how much you could save. If there isn’t any leftover money, then see where you could cut back.
Maybe that third cup of coffee? After-work drinks with colleagues?
If you don’t like the numbers you see on that piece of paper – now is the time to make all the necessary changes to boost them!
2. Make an Argument for a Raise
I know, it’s not your favorite subject. But having this difficult conversation could make your life SO much easier.
To feel more confident, you need to build a strong case. Ask yourself – what exactly makes you think that your pay raise is overdue? Are you doing more than your position requires? Maybe your training period is over and your boss (conveniently) forgot about the raise?
Then, do some research with Glassdoor’s “Know Your Worth” tool. This will help you to find out if you’re being paid fairly and collect data on how much your position is worth in today’s job market. Show your research to your boss and see if he/she agrees to compromise.
Don’t think that you’d succeed? Well, then maybe it’s time to explore new opportunities at snagajob.com.
3. Get a Side Gig
Don’t have “the time” for a side gig? Well, I’ve got something that you can complete during your daily commute, TV time or even your lunch break at work – survey sites!
I know, I know, it might not be your favorite way to earn cash, but it’s definitely the easiest one. Plus, our favorite legitimate sites offer more options than just taking surveys. Take a look at these two:
InboxDollars – watch short videos, play games and scroll online. Just the process of signing up will earn you $5!
Swagbucks – shop online, scroll the net and watch YouTube-like videos to earn SBs (Swagbucks currency). Click here to try it!
4. Get Paid for Doing What You Love
Enjoy taking pictures of your friends? Drawing? Share your talents with the world. I know that it’s easy to say, “be confident.” But try to be practical. Your crafts are usually worth way more than you think! And no one will judge you for trying to make some extra cash.
You could sell prints of your photos/drawings, or offer your photography services for weddings, birthdays and other events.
The main point here – you should get paid for doing stuff you enjoy. Even if it’s something like spending time with cute animals (become a dog/cat sitter!).
5. Don’t Lose Your Money to Interest
Ready to get rich? Well, for starters, you’ll need to get rid of credit card debt (if you have any). No matter what’s the amount, you need to open up a clean slate. You don’t want to lose your hard-earned money to interest, right? To pay off your debt, start with small, easy steps.
For example, you could go through stuff that you no longer use and sell it on Declutrr. Stuff like old CDs, DVDs, video games, and electronics. Simply scan your item’s barcode and Declutrr will show you the price that they’re willing to pay. Count how much money you’ll make and how much you still need to pay off your debt completely.
If your situation is a bit more complicated, consider renting your spare room (if you have one) on Airbnb. Hosts can make a ton of cash in just a few days, so it’s possibly the fastest way to melt away your debt. Here are a few tips that will help you to make more money.
For more smart ways to pay off credit card debt, read this article we’ve recently shared.
6. Start Investing in Stocks
Now don’t shy away! Investing can be a scary word, especially if you’ve never tried it before. To make this transition as easy as possible, take a look at these millennial-friendly micro-investing app.
Clink – this app will invest your money in a diversified ETF portfolio and keep it growing with 0 effort on your part. The best part – what you’ve got in your pocket RIGHT now is enough to start investing with Clink!
7. Put Your Hard-Earned Dollars in Good Hands
Okay, so you’ve learned how to boost your budget in 2018. Now, it’s time to take care of your future! Trust me, your “future you” will be glad that you did.
For financial help with your 401(k), Blooom is the best place to go. They’ll tell you what’s going well, and what needs fixing. Maybe you’re paying too many fees? Maybe your stocks and bonds aren’t properly allocated to your age?
Sign up here and Blooom will help you to make sense of it all.
Good luck with everything!
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