From time to time, every mom needs to scrape the bottom of the barrel with regards to their finances. It is not an embarrassment to admit that you sometimes don’t have the cash to last you the entire month. After all, being a mom is expensive! As you can’t afford not to have the money in your account, you need to find an alternative that will keep the dollar bills rolling in. Here are a few ways to make sure that you can always survive until the end of the month.
Get A Credit Card
Credit cards get a lot of bad press because they are a risk. If you don’t know how to use them properly, you could find yourself in a worse situation than when you started. However, they are a great source of extra income if you use them properly. The key is always to pay back the money as soon as possible, which shouldn’t be too hard. Because you are only a couple of weeks behind, the interest you accrue won’t break the bank. If you wipe out the debt as soon as you get paid, you will only see the good sides of a credit card. Remember: organization is essential if you are using this tactic.
Apply For A Loan
Will the bank not offer you a loan because you have bad credit? It is often the case. They don’t like lending money to people with bad credit because they don’t think that you will repay the debt. Fortunately, they are not the only people that have the cash to lend you money. All you have to do is take a look at http://www.PersonalMoneyStore.com. Their business dedicates it time to working with lenders that will suit your needs. So, you know that the lenders they put you in touch with are lenders that understand your situation. Alternatively, you can go to a credit union as they offer small loans at low rates of interest.
Cut Down On The Household Bills
Bills are not cool! Whether you have the money or not, they always turn up at the worst time and cost a fortune. Even worse, they are impossible to cut out completely because they are necessary. Still, they are not impossible to cut down. First of all, start with your energy bills. Go online and check comparison sites for the cheapest provider in your area, and switch. Switching providers is a viable option, so don’t be scared. Next, take a look at your grocery shopping. Do you need to buy brand names? The answer is no – any name will do when it comes to food. Take a look at www.netmums.com for more inspiration.
Make A Sale
One question that you can ask is ‘what do I own that is valuable?’ Valuable items are always worth a lot of money. If you are ever in need, you can sell that item because the demand is as high as the price. And, valuable items are not entirely necessary all of the time. Take your car as the prime example. Cars are worth a lot of money, even if they are second-hand. But, you don’t have to drive everywhere thanks to public transport. When needs must, you have to take big decisions to ensure that you make it until your next payday.
Give Up Your Luxury Items
Everyone has a luxury item that they indulge themselves in once a week. It may be those special chocolates that you like so much or the nice bottle of wine that takes the edge off the week. Whatever it is, it is expensive, hence the title ‘luxury item.’ Although it is not what you want to hear, you should consider giving it up for a while. The money that you can save, however small, may just be the right amount to keep you going until your next wage packet arrives. Cutting down on treats is also a good way to save your health. If you smoke, you can increase your health and your bank balance.
It is a method as old as the dawn of time, but it is very effective. The best way to make sure you always have money in your pocket is to put money away every month. Don’t worry because it doesn’t have to be a huge amount of money – the smallest amount still adds up to a lot after a period. Plus, that money is tax-free and is subject to interest.
Saving is a no-brainer after hearing that!