Thursday, January 16, 2020

You Could Have More Money Than You Think

There are few things in life that can occupy our minds more than money. Our financial situation always seems to be a little complicated no matter how much money we have, but it is, of course, extra difficult to manage when we don’t have quite as much as we would like or need. But here’s the thing: there are many people out there that have more money than they think they do. Your salary is just one source of money, not everything! Below, we take a look at a few areas to explore that’ll lead to you having more money in your bank account. 

Reducing Expenses
First thing’s first: what are you currently spending your money on? It’s possible that you could significantly improve your money situation just by reducing the amount of money that comes out of your bank account. While there are some unavoidable costs -- such as your mortgage -- there are some that are more in your control, such as the amount you spend on your cable or internet bill. Take a look at where your money goes, and you might find that you’re spending more than you’d like on avoidable things, such as coffee or takeout lunch.

Other People’s Bills
It’s bad enough having to pay your own bills, let alone other people’s. Yet that’s just what some of us end up doing. If you’ve been in a car accident or experienced any other injury that wasn’t your fault, then you shouldn’t be left with the responsibility of paying the costs. It should be paid by the people who were responsible. If you’ve been in a situation such as this, then there are injury lawyers that can help you to get what you’re legally entitled to. Don’t assume the financial burdens of other people!

In the Drawers
We live in a consumer culture, and, as such, we’re all guilty of buying more than we really need. The item we bought might entertain us for a few hours, but it invariably ends up sitting in the drawers of our homes. But it doesn’t have to stay there. Did you know that most Americans have hundreds of dollars worth of goods in their house? Go through your property and collect up anything that you no longer need, and list the items for sale online. You might just find that you can raise the equivalent of a month’s salary, just by selling stuff that you no longer need!

Invested in the Right Places
You shouldn’t always have all of your money stored away in your bank account. Instead, you should have some put away in the right places. You should have a self directed ira, a savings account and you may even want to invest in stocks and shares too!

Time for a Raise 
If you’ve been working for your company for some time and know that you’re a valuable member of the time, then could now be the time to ask for a raise? This is something that few people think to do, but most bosses are actually pretty open to the idea. They know it’s easier to give an employee a raise rather than hire a new member of staff to replace them. There’s a right and a wrong way to ask for a raise, but get it right, and you could see your bank balance much improved.