Tips for parents who are struggling to make ends meet | ParentInfo
The Consumer Financial Protection Bureau found that 43 percent of American adults struggle to make ends meet in a new survey. More than four in 10 Britons admit they struggle to make ends meet financially, a poll has found. The findings, from a survey of UK adults. Mother of three in Georgia struggles to make ends meet “Tsotne's father didn't want a child with disability, one day he simply disappeared.” Her parents'.
Focus on paying down high interest debts. Sometime it makes more sense to pay off debt than to save, especially if you have high-interest debt like credit cards. Lifestyle inflation is the ultimate budget-killer — a widespread phenomenon that occurs when people spend more as their incomes increase.
Learn to ignore the Joneses. Focusing on your needs and goals rather than aligning them with the people in your life or in your social media feed is critical to being happy with the state of your finances and your life.
Come up with strategies to help break your negative spending habits. Simply using an app to track your spending or asking your HR department for a review of your retirement savings options are good places to start. The key is to engage in day-to-day money management and establish a habit of saving and budgeting. The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear.In today’s economy, even two-income families struggle to make ends meet
MagnifyMoney does not include all financial institutions or all products offered available in the marketplace. Think about your skills set and talents What do your friends and family always compliment you on? Do people come to your house and say wow your house is so organized? You know organization is a skill that you can be paid for right?
Do people always comment on how stylish you are? Are your friends always calling you up to ask if you can help them create vacation outfits? That is a skill that you can charge for. Maybe you love giving out relationship advice. People are always writing you on Facebook asking what would you do if you were me?
Mother of three in Georgia struggles to make ends meet
This is a skill that you can charge for. My point is every day we are already using our God given skills and talents for free. We are doing things free for our friends and even using free platforms to spread our ideas. Even your knowledge can be turned into a package that people are willing to pay for.
The perfect advice for anyone who’s struggling to make ends meet
You know kind of like colleges who make billions by the way selling knowledge. You have valuable skills. If you are using free platforms like Facebook, Instagram and Twitter all day I suggest you get your own website to offer your advice on and then use your social media to bring people to your own website.
Once you have your own website be sure to create an email list. To help me save money automatically I now use Rize. I also get to set up multiple goal buckets. Unlike Digit you get to set a specific target goal and choose how much you can commit to save each month. You have to build your own. This week I want you to start thinking about your skills and talents. Really sit down and create a list. A great source for you to listen to is Smartpassive income Podcast.
This podcast will give you plenty of ideas and ways to get started on how to create passive income. The reader emailed me back: This will help me save so much money.