Sometimes we can get stuck in a rut when it comes to our finances, don’t you think? We may feel like we have no way to change dues to having a commitment to pay bills and feeling stuck on a fixed income. What are your options when there feels like there is no way to change? The truth is, we all have avenues to turn down to make significant changes to our financial situation. We just need to have the motivation to make the changes. I thought I would share with you some of the things you could consider doing.
Change your career
Feel like you are trapped by a fixed income? Then why not consider changing the narrative? Our careers are something that we can either love or dislike, and often it has much to do with the time spent doing the job versus how much you earn. You may dislike your job but if it gives you the lifestyle you want you carry on doing it don’t you? So if you are struggling then maybe now is the time to either climb the career ladder or change careers entirely. You may want to training in something specific and take on an online doctor of nursing degree for a complete change, or maybe you know what you want to do and some basic training in management or business could help you get to where you need to be. Sometimes you just need the push to make it happen.
Change your habits
Maybe your career is just fine, but the habits you have formed when it comes to spending could be addressed. We all need to spend weekly, it might be fuel for our cars or food to put on the table, and often we can just let those amounts leave our account but a change in your habits could help you significantly reduce the spend. Meal planning can help you reduce what you spend in food shops. Planning journeys or carpooling can help save on your fuel costs. It doesn’t just stop there either. Coupons and vouchers can be sought to help reduce the costs for all sorts of daily, weekly and monthly expenditure.
Change how you spend your spare time
The next thing you might want to consider changing is how you spend your time. It night be that you change the way you spend your money, perhaps using vouchers or coupons to bring the cost down. Or it could be that you start to prepare in advance. Using store sales to stock up on next seasons clothes or meal planning to bring the cost down of that weekly food spend.
Change providers for regular bills
Finally, maybe you like the idea of saving where you can right now and the best place to start looking for savings is your regular outgoings. You may find that there are better deals elsewhere when it comes to your energy or things like insurance policies.
I hope that this helps you make some changes when it comes to your finances.