For many people, unfortunately, reaching the end of the month becomes a challenge … And, 49% of Spaniards lacked savings within the family during 2012 (72% being the family it is made up of 6 members) according to a study highlighted by Good finance that we already mentioned in another article.
There are numerous ways to get extra money, in fact, one thing that many personal finance consultants assume is to be able to find the extra money for their clients’ budget no matter how red their numbers may be. In Good Finance we have decided to compile a series of tips to get that extra money that is so often needed to arrive comfortably by the end of the month. Some recommendations will seem more crazy than others, but all of them work depending on the circumstances of each particular case. Attentive!
Update the mobile phone plan
Many of us are not aware that we are paying for services that we can never use. Take a look at your contract (many times you have it available on your company’s online portal), and if there are services you are not using, cancel them! And negotiate a better offer; Even if you’re really interested in scratching even more euros, find out how to effectively cut your phone bill.
Unsubscribe all Payment Channels
One of the most effective things you can do when it comes to finding extra money is the elimination of unnecessary expenses, and a good way to start is by the payment channels which, in many cases, involves a monthly outlay of up to more than 100. €
Change your deductible insurance
When a person chooses a low deductible, the insurance company generally charges higher fees since the company is required to pay more and the insured to pay less in the event of an accident. If a person chooses a high deductible, the insurance company generally charges a lower rate, since the client has to pay more out of pocket. Review this point well and advise if you really need a low deductible or if you raise it you can save a lot of money.
Being a forecaster can save you many unnecessary expenses that ruin your monthly budget in the blink of an eye. Take preventive maintenance and make sure you take proper care of appliances, the house, the car … in order to help ensure its smooth operation for a longer period of time, avoiding having to replace or repair them. You will save much more than you think!
Eat at home or bring food to work
Although it is fun to eat out, if you need extra money it becomes an unnecessary expense that you can easily avoid. If you live near work, do not hesitate twice and go to eat at home or otherwise go to the fashion of tupper. Take advantage of Sundays, for example, to cook on a large scale for the whole week, and food will no longer be something you have to worry about.
In addition to these tips, keeping track of money inflows and outflows will help you make better spending choices, avoiding wasting money. Good Finance is a financial management tool that does all that work for you, keeping all the accounts and cards of all your banks up to date without you having to waste time squaring up bills or cumbersome excels.