5 Easy Ways To Make Your Money Go Farther, Seem Bigger, and Do More
In our lovely group, we've shared a whole bunch of awesome topics touching on how to get more money, make more money, save more money, and just simply, have more money. Today, we will not be looking at external sources of money; rather we'll be discussing how to achieve a whole lot more with the money you ALREADY have, NO MATTER the amount.
The Word of God says, in Matthew 13 v 12, "For to the one who has, more will be given, and he will have an abundance, but from the one who has not, even what he has will be taken away." If you notice, this verse says that from the one who has not, even what he has will be taken away"..
HOW do you take something away from someone who doesn't have it? Ponder on this sisters. Does it make sense? Yet we know the Bible is the word of the wisest King of the Universe. So it certainly does make sense. It simply means that the one who "has not" actually HAS but refuses to acknowledge what he has. And the one who "has" and ACKNOWLEDGES that (s)he has, will have an abundance! That's us sisters! grin emoticon
Therefore today, as smart financial stewards, we'll be looking into acknowledging and appreciating what we already do have. While we also look forward to having more! So here goes, tips guaranteed to make your money do more, go farther, and seem much more than it is.
1. Always spend from a budget. The magic of making a budget and sticking to it is that you suddenly seem to have gotten a raise. You begin to find all sorts of money that you previously spent without a thought. Money that you can now channel towards achieving your bigger financial goals.
2. Get organized. Getting your financial life organized is one of the best things you can do to achieve financial success. How can you do this? Aim for clarity. If your finances are not clear to you in any way, then you're not yet well organized.
Do you know how much your income after tax is? Do you know how much you need in income every month/year to fully cover your expenses? Do you know how much debt you owe, if any? Do you know how much you need to live after retirement? And therefore how much you should be contributing to your retirement savings monthly?
Get your finances organized. Then you'll be amazed at how easy it becomes to find extra money in your income to spend on things that really matter to you. Plus, you'll know how much you need to earn in order to achieve your financial goals.
3. Be willing to do your research. There are people who pay professionals to do EVERYTHING for them. They pay cooks, cleaners, gardeners, valets, personal shoppers, and so on.They even pay high-end shops just to store their clothes on high-end corner streets!
I'm not saying this is bad in any way. Possibly these people are super-busy execs whose time is worth much more than than what they pay for those services. And yes, you and I might be in that position someday.
However, a vast majority of people who spend more on things they can get for less are just people who haven't done their research. As you look to stretch your money further, you need to become a research guru! That pair of Loubotin shoes you want to buy, can you get it cheaper by checking different stores online first? By buying it at the end of the season?
The new electronics you need, can you get better value for your money by waiting till end of the year when a myriad of great sales come up? The new bank account you want to open, can you save some money here and there by researching the banks with the best rates and no hidden fees?
You get my drift. A little research done beforehand when it comes to spending, will at the very least, help you get the best value for your money. In time, you'll find that those "little" savings here and there really do add up!
4. Invest in excellent storage. There's no point saving all this money, and spending on things you love only to have their lifespan cut short due to poor storage. This applies to so many areas of our personal lives: clothing, food, equipment, electronics, and so on.
Find out the best way to store your stuff and you're sure to get the maximum use out of them, making your money go that much farther.
5. Commit to lifelong learning. It's as simple as that. To up your game in the world of financial success, you can't afford to get complacent. Go for knowledge. If "people are destroyed for lack of knowledge", then certainly they're saved by the right knowledge.
Follow the most successful people in the field of personal finance. Find out what they do and how they got to where they are. Use their tips and advice. Take action. Your financial destiny is in YOUR hands.
Thanks for the oppportunity sisters.
Claire Abdul-Azeez Ogunbona
Photo credit: www.accountnow[dot]com
On a daily basis, we feature words of financial wisdom from different Smart Stewards members and sometimes from Guest Contributors. You'd be glad reading them. Enjoy!
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