Make Your Money Go Further In 2016

Regardless of how much of it you have, money is an important part of your life. Everybody, no matter what their personal situation might be, wants to make the most of it. While this can be easier for some than it is for others, it is possible for everybody. All of us find that we could benefit from having a little something extra to get along with. But figuring out how to achieve this can sometimes be a daunting and arduous process. The good news is that there are always things which one can do to improve things. No matter what is going in in the world as a whole, there are always positive steps any individual can take. If you have started to realise that you might need to reel in your spending a little, then read on. We have put together some expert advice on how to make your money go as far as possible. While you might have considered some of these tips, it is also likely that you will come across one or two which might be new to you. Let’s dive in and take a look now.

COMEX Trades - 6500% AFTER 100 DAYS
Analysing financial data
Image source: via flickr


Any serious attempt to gain some control over your finances must start with this. This is a vital first step for anyone wanting to see an improvement in their financial situation. Budgeting yourself is quite a simple process. It is often the difference between success and failure when it comes to personal finances. If you have never restricted yourself to a tight budget before, you might be apprehensive about doing so. But don’t be – it is more than worth it. So what does a good budget look like?

To create a proper, tight budget, you first need to gauge an accurate picture of your current spending. Looking at your spending behaviour with an honest eye can be terrifying enough for most people, let alone trying to reduce that spending. Nonetheless, if you want to make real positive changes to your life, then you must be ruthlessly honest with yourself. Without that honesty, little real change will happen. Sit down and work out exactly how much you spend per month, and on what. It is only by doing this that you can see where you are losing your money. It is tempting, at this stage, to oversee those one or two items which we see as ‘rare luxuries’. However, this is false behaviour. Try not to do this, but instead, take into account every tiny expenditure you can find.

Graph With Stacks Of Coins
Image source: www.SeniorLiving.Org via flickr

Once you know in which areas you are overspending, it is quite a simple matter to reduce those areas. This is where a little creativity doesn’t go amiss. If you have found that you overspend on groceries, for example, then consider shopping elsewhere. Or plan your meals to a more strict regimen. Whatever works for you is what is best. Whatever changes you end up making, budgeting yourself – and sticking to it – is a sure way of improving your finances fast.

Recommended reading: Struggling With Handling Your Finances? Take This Advice


Too many people frequently fall into the trap of thinking that investment is for those who already have money. The truth is, anybody can get into the world of investment – all it takes is a little something to put aside, and some intelligence. The main problem people face in this area is knowing what exactly to invest in. This is understandable. There are so many options that you would be forgiven for thinking that anything is investable. In fact, this is more or less the case. Nonetheless, it is also true that certain things are far more worthy of your money than others. Let’s take a look in more detail.

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Certain investments are sure-fire ways of making money in the long-term. One particular trend which comes to mind is property investment. The beauty of investing in property is that it is product whose value is always on the increase. The housing market rarely waivers; even in times of recession, it is one of the least affected areas of the economy. That’s why, by investing with people like experience invest, you know you are putting your money to good use.

If you have not invested at any point in the past, then it is worth seeking professional help before you do so. While it is a lucrative way to use your money, it is not entirely without risk.

Check Your Bank Account & Reduce Bills

There are now so many bank accounts available out there that it can be hard to choose between them. Many of us get stuck with the same bank for years and years, and never think of changing. However, this is a folly on our part, for choosing the right bank account can make a dramatic difference to your finances. If you have started to notice that your bank account does not suit your needs, then it might be time to consider switching.

Money Keyboard Button
Image source: flickr

In an ideal world, your bank account will be one which charges no fees for simply having it. There is really no reason to waste your money on paying the bank for nothing. You should also pay close attention to the interest rate. Any amount of free money you can squeeze out of the bank is more than worth it. While you are shopping around for an account, bear in mind too that you should avoid overdrafts. These are a subtle borrowing trap which it is all too easy to get into. Best to steer clear of them altogether. By choosing the right bank account, you can make a significant improvement to your finances.

Last but certainly not least – really take a good look at your bills. You should never just accept what a company is telling you – it might be that they are incorrect. Even if they are right, you should work on reducing your monthly bills as much as possible. Spend time shopping around for the lowest energy providers, broadband providers, and so on. This alone makes a huge difference in making your money go further.

Recommended reading: 3 Strategies to Earn Money with Little or No Cash Investment or browse more tips about money matters

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