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Tips to Improve Your Finances in 2018

We all want to live happily and comfortably. We want a bigger house, a bigger car and private schooling for our kids. All these things, however, cost a lot of money and you need to significantly boost your finances if you want to afford them.

This, however, is easier said than done as the economy is not as stable as it was a few years back and you could find yourself out of a job and without a regular source of income as a result of an economic upheaval.

So how do you go about improving your finances so as to be able to afford the finer things in life? In this piece, we highlight some of the things that you have to do to improve your finances in 2018.

Increase your sources of income.

If you want to have more money, then the first thing that you need to do is to increase your sources of income. You cannot depend on your 9 to 5 and expect to have enough money to pay your bills and afford the little luxuries in life.

You can set up a business that you can run with the help of your family members. This might be difficult considering that you still have you day job to worry about, but you must find creative ways to manage both if you want to increase your finances.

You can also find a way to offer certain services online and get paid for the same. With the explosion of the internet, you can market yourself online and use the different forms of online payments to get your pay.

Some of the jobs that exist online include business writing, transcription services, online marketing and blogging. The advantage of these jobs is that you don’t need a physical office to be able to offer the services since they are internet-based.

Pay your debts on time.

Another thing that you have to do to improve your finances is to reduce your debts. When you default on your loans, you will have to pay huge penalties and this will greatly eat into your finances. When taking loans, you should only go for those that have favorable repayment terms so as not to overpay for your cash advances.

The interest charged on a loan is the cost of the loan and as such, you should search around for a lender with the lowest rates. Click here to get a loan for your personal or business needs at the best rates.

Create a budget and stick to it.

The key to improving your finances is proper financial planning and this is only possible with a budget. With a budget, you will be able to plan and track your finances and this goes a long way to helping you improve your finances.

When creating a budget, you should, first of all, strive to pay your bills so as to avoid getting into debt. Don’t forget to set aside some funds for your savings so as to cater for emergencies and unplanned events.


FYI:  I worked at a dead end cubicle job from 2005-2011 for about $30,000 per year.  I went self-employed in July 2011 and make between $70,000-$90,000 through blogging, professional pet sitting, hubby's reffing, and our rental home.  If you’d like to start your own site (link to my free step-by-step guide), I highly suggest checking out Bluehost (my referral link with a nice discount for you, PLUS a free custom header banner from me!).  Please contact me any time at budgetingfunstuff*at*gmail*dot*com with questions or just to brainstorm! I’d love to help!
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