Hi all , hope you are well. One of the hardest things to do in life, especially when you have kids, is manage money. There is so much that you need to think about and buy, that it can feel as though the whole world is coming down on you at times. But, there is always going to be a way to manage your money, even when you feel like you have none, which can happen more often than any of us are really willing to admit. If you would like to find out more about this topic, keep reading down below where you will find the information that you need.
Find A Way To Make More
The first thing that we suggest you do is find a way to make more money. It might sound simple when it’s put like this, but the reality is that it’s not. It’s important that you understand there are many different ways to make a little more money. The first thing that you can do is start a side hustle and this can be whatever you want it to be. For example, you could start a blog, and gather such a following that it begins to make money. Or, you could start something like dog walking or babysitting to get some extra cash.
Another option would be to look into investing. Something like real estate or even CFD trading could be right up your alley. Of course, you are going to need to find out all the information you need to even get started with this, so it might take you a little bit of time to understand.
You also need to ensure that you are budgeting thoroughly. Managing money when there isn’t a lot of it might seem like a simple task, but making it stretch as far as you need it to is difficult. What you need to do is go through all of the money that you have, and then all of the money that goes out each month, making sure that you include all of your bills. Whatever you have left at the end is what you’ve got to spend on luxuries each month. We highly recommend that you budget in some money for the expenses of your children while you are doing this, otherwise you could find yourself falling short.
Buy Only When You Have To
When you don’t have a lot of money, you shouldn’t be wasting it. Once you know how much you have left, it will be far easier for you to know what you can and cannot afford. You should do your best to only spend this money when you have to, seeing as you don’t know when you’re going to need it. Although this doesn’t sound like much fun for you, remember that finances change and this isn’t going to be forever.
We hope that you have found this article helpful and now see some of the things that you should be doing when it comes to managing money, even when you feel like you have none. There is always a way to make the most out of what you have, it is simply going to be a case of figuring out how you can do it. We wish you the best of luck, and hope that this advice provides you with some kind of help.
Thanks for reading Jade x
[…] you’re keen to make your income go further it’s a good idea to improve your money management skills. Start by creating a budget, to help you review all of your expenses. Pen and paper budgets […]