Searching for make money strategies to improve your financial positions and to solve money issues ? Spending less doesn’t mean you’ll have more. Saving is a good way to stabilize your finances, but you still need to invest. “Pretend there are two islands,” advises Aliche, who is also known as The Budgetnista: “Financially Stuck Island and Wealthy Island.” She says that your savings can be like a car—you can’t drive off Financially Stuck Island without a bridge. Investing is the bridge to financial success. “To get from one island to another, you need to get in your savings car and drive it over your investment bridge.”
Use Money and Budgeting Apps to Stay Organized: As a finance beginner and even expert, you should use some sort of money or budget app. These can organize everything into one big picture for you. Apps like Personal Capital, Mint, You Need A Budget, etc. can keep you focused on financial goals and monitor your spending. Invest In Yourself Before Anything Else: Before you get crazy with investing any of your money, invest in yourself. Whether that is your financial education, taking classes, buying courses or books, starting a side hustle to make extra cash, etc. The best asset you have is yourself. Find additional details on Make Money Tricks.
70% of Americans don’t have a will. If you have dependents, no matter how little or how much you own, you need a will. If your situation isn’t too complicated you can even do your own with software like WillMaker from Nolo Press. Protect your loved ones. Write a will. If you don’t keep good records, you’re probably not claiming all your allowable income tax deductions and credits. Set up a system now and use it all year. It’s much easier than scrambling to find everything at tax time, only to miss items that might have saved you money.
Have an Emergency Fund: If you lost your job tomorrow would you have enough money to live off while you look for a new one? If not then you’re not alone. This study found that although Americans are doing a better job at saving, around 24 percent of them (57 million people) don’t have an emergency fund. Now I don’t want to be a negative Nancy or a Debbie downer, but emergencies happen all the time. They may not happen to you, but it’s always good to be prepared. You can’t predict an emergency, but you can prepare for one. The best way to do so is to set up an emergency fund of 3-6 months living expenses. That means if you lost your job tomorrow, you’d be able to live off your emergency fund for 3-6 months while you look for a new one. Net worth can seem like a tricky topic, but it’s quite simple. Your net worth is how much money you are worth. If you were to sell everything you own, then pay off everything you owe, how much money would be left? Source: aspiretomoney.com.