What is the one single thing you can do to improve your finances immediately?
Sell every valuable items (extra vehicle, beddings, kitchen wares, furnitures etc.) I own but don't need in a garage sale. Sure to get you smiling all the way to the bank.
Start tracking how much you spend and cut out frivolous expenditures.
Paying for a gym membership that you never use? Either start using it or get rid of it.
Quit or cut down on bad habits such as smoking, drinking, or caffeine consumption. Drink more water and less pop by refilling water bottles. Make your own coffee in the morning instead of buying it at a local coffee shop.
Stop eating fast food, or lower the amount you spend on fast food. This is good for your health anyway.
Stop using your credit cards and pay cash. You may not feel the benefits right away until your credit card is paid off. You will never get the credit card paid off if you keep using it. Once the credit card is paid off you can take that money and put it into a savings account to save up for the "rainy days" you needed the credit card for.
Credit cards are only useful if you can pay off the balance EVERY month because it builds your credit score, but so does a mortgage and car payment if you have them and pay them on time every month.
Analyze your budget and find ways to cut unnecessary spending and start putting that cash towards paying off the credit card sooner, or if you don't have a savings account start building one right away.
Stop all non-essential spending NOW. It's that simple. Then, spend a week documenting all the bills and other essential spending needs you have, as well as where you money is coming from. This will give you an idea of whether you can truly afford any non-essential spending, as well as help you determine what money you have available to pay down debt or save.
From there you can move forward with developing a long term plan that will get your finances where you want them.
My hubs about debt reduction, the snowball payment plan, and becoming debt free might be of interest to you.
Cutting back on extracurricular expenses. Also taking a look at monthly spending and see if we can cut back in some areas.
If you are heavily in debt, my suggestion would be to throw away all of your credit cards and stop buying things on credit. Fees for late payments will eat you alive!
I always write hubs of some sort. The HP program has always rescued me from financial dire straits.
Stop using car and start going to office by bus/train or bicycle.
Stop buying Starbucks coffee or take lunch in fancy restaurant. Bring your lunch from home.
Just rent a simple apartment (might be sharing it with friend) and cooking your meal.
Stop bad habit like smoking, drinking, watching movie regularly, and hobby that take some money.
Stop paying money for your girlfriend or wife LoL... LoL
That it. Thanks
stop eating out every single day and pack my own lunch! But lazy and no time :-)
The Answer is to Budget: It's so critical in reaching your personal finance goals. It's not about making money more at the moment. It's about managing the money that you have to create a lifestyle within those means. The Budget School has free automated budget worksheets with instructions and guidelines that you can use to organize your finances and plan your spending.
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