I have written about ways to save money over and over again in the past. I shared my journey of saving money, spending it, needing it, finding ways to save more and spend less, and holding on to it in the middle of all the impulse spending.
It can be frustrating, to be honest. After all, you work hard and yet find that money just seems to slip away and disappear instantly. Sometimes, you must be creative in making money or finding money ASAP.
1. Online Garage Sale
These days, hosting an online garage sale is as easy as posting a picture on Instagram. I have a lot of friends who do this, and all they do is take a photo of the item they need to sell, use the proper hashtag, and write all the details and price of the item in the caption.
Since e-wallets are now a thing, payments can be made quickly, which addresses the need to have money ASAP. This is one of the easiest ways for me, and it's hitting two birds with one stone: I get to declutter and save money simultaneously. Win-win.
2. A Short-Term Loan
Getting a loan is a good thing especially when it's a short-term loan. This is necessary at times, especially when there are emergencies that need payment immediately. I like these kinds of loans because I can pay it soon as my next salary arrives. The other perk is that approvals for these loans are faster, so you can get the money ASAP.
However, I still recommend being wise about handling money so you can have a nest egg to fall on when unexpected expenses come up. One of the ways to do it is by budgeting.
Budgeting is creating a plan for how I'll spend my money. I must have a budget to ensure I have enough money for the things I need, like rent, groceries, and bills, because I am a mother and a wife. I ensure that all our monthly bills are taken care of and paid for on time.
One key thing that works for me is ensuring I clearly understand my income and expenses. This means knowing exactly how much money I make each month and how much I spend on rent, groceries, and bills. Once I clearly understand my income and expenses, I can start to create a budget that works for me.
Another way to handle money is by setting a no-spend year. This year, I have chosen to do a no-spend year on a month-to-month basis. I am doing a no-spend for January on skincare, makeup, and headsets. I chose this because I have so much skincare, I rarely use makeup, and I have 6 headsets. I've realized this after doing a shop your stash.
I also chose to do it month on month because it'll be easier for me to achieve than a year-long commitment which can be daunting. Making my financial goals more realistic and achievable helps me to not feel so overwhelmed.
I hope that my tips have helped and that this 2023, you'll be able to handle your finances better. If not, there are always online garage sales and short-term loans to fall back on.
Cheers to 2023.