Sort Your Finances Out: Smart Moves To Do It

| September 4, 2017 | 0 Comments

Our financial situation can be a hindrance or a god send. You are either managing and able to do everything you want or simply struggling to make ends meet. So how do you change the depressing situation into something more positive? You simply take the action necessary. For some that is more extreme than others, which is why I thought I would share with you all some of the smart moves you can make to ensure that you sort your financial future out once and for all.


Sort through your finances

Your finances should be your first port of call when wanting to check over your current financial situation. So it may be a wise idea to get your last three months bank statement and simply work through them as best you can. Look through each transaction, and you may find that you have rogue payments leaving your bank account each month that you didn’t even realise. For example, gym memberships and magazine subscriptions tend to be the worst culprits. Finding out exactly how you spend your money can identify the best ways to reduce your outgoings once and for all.

Look at your debts

Debt can be one of the big costs to eat into your income each month. Of course, it all needs to be paid back, that is the whole point. But why not be savvy with your choices about it and ease up the amount you pay each month? A great way of doing this is consolidating all of the debts into one payment. This can be done by getting a loan. You save on interest and also have a payment plan to have it all be repaid back. Alternatively, you could switch a credit card balance to a new provider offering zero interest. Therefore the amount you pay is reducing the balance instead of paying out interest.


Start your own business in your spare time

Who doesn’t love the idea of becoming their own boss one day? Working the hours that suit you, earning a decent income while still getting that ideal work and life balance. However, for many of us, it can remain just a dream due to needing to rely on your current day job to pay the bills. But, you could start you own business in your spare time and work on it to make it a success. From starting a blog, selling items online, to developing and creating your own product, you just need the motivation to start. Once it is up and running and you can see a growth plan, you can consider giving up your job. In the meantime, it is earning you money which is boosting your current income levels. Win!

Slash your outgoings

If you don’t slash your outgoings, nothing will ever change, but I guarantee you will be paying out more than you should if you don’t regularly gives you finances a health check. You need to take some time to sit down with your bank statements and look through every outgoing you make. You might find you are paying out for things you thought you had canceled. You then could do with looking at your main bills and seeing if there are any cheaper deals elsewhere. Energy and insurance bills should be your first port of call. You can then go on to look and see if you can make changes to your food bill and clothing spend. By taking on different habits like meal planning and using coupons and discount codes, you might find you save yourself a hefty amount on a week by week basis.


Cut your food shopping bill

One of the biggest expense many households have is the food shopping bill. Each week you spend money, and each week you probably waste a lot. However, there is an easy resolve for overspending on your food shopping, and that is as simple as planning your meals in advance. This enables you only to buy what you need because you are in a position of writing a list. Having a list means you don’t buy things that will get wasted. Lot’s of people tend to not take advantage of discount coupons and voucher codes. These can offer dramatic savings when used on the things you buy regularly. Websites like are full of them.

Invest in property

Property will always be a wise decision to make when it comes to investments and boosting your income. Especially if you consider buying a home to let or a vacation property that can be used by clients. You can get so much more for your money abroad, which makes a holiday let or vacation property a wise choice. Websites like can highlight exactly what you can get for your money in certain parts of the world. However, you may want to stay close to home, especially if you plan to renovate or use your property as a local rental. It can be as easy as searching on the internet for homes for sale in ideal spots, and you can be on your way to earning a nice little income each month. You could also consider upsizing your own property and climb the property ladder, while it may not boost your income immediately it certainly increases your net worth for the future. Many people tend to do this naturally anyway, but it is always good to keep in mind exactly what you are wanting from your future.

Selling unwanted items

We all have cupboards, attics, lofts and basements full of things we don’t need. So rather than let them gather all of the dust why not consider selling some of it. I understand some items won’t have a value, but a lot of it will, and some of the things you thought wouldn’t have a value really does. It’s better in your bank account rather than being stored in a drawer or cupboard. Thankfully, with websites like eBay, it’s easy to sell unwanted or discarded items. If you have a quite a big amount of items to sell you could consider a garage sale or car boot. These provide great chances to sell a lot of things all at once, and you don’t need to be worrying about postage or packaging.

I hope this helps you sort your finances out.

Category: Finance

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