If you’re having problem to deal with monthly cost of living, then it’s a good that sit down and brainstorm how you can make more money and spending less to balance up your income. Most of people salary can’t keep pace with their spending and furthermore cause burden with huge debt. You can leverage up by cutting down unwanted expenses and add up extra income source to get you out from this crucial situation.
Below are few tips that can help you to earn more while spending less:
1. Creating more extra income source. Working as part time is a great idea to increase income but depend on how much time you willing to spend on it. Usually if you already had a full time job at day, it’s hard to persuade yourself to find another part time at night. However, you can consider to get yourself a freelance job such as developing a software to small company, writing product reviews and more.
2. Consolidating your expenses and debt. You need to get rid of those unnecessary items that cost your paid for nothing. Put yourself a month budget and control your spending power by practicing a shopping list before go for shopping. You probably need to sit down with your bank agent and discuss how you can further reduce debt by refinancing or signup discounted promotion that could further lower down your monthly commitment.
3. Reduce entertainment expenses. You should cut down on entertainment expenses such as gym membership, gathering with friends, and other socialize activities.