How many times have you wondered why you have such a hard time saving money or, worse yet, why you feel as though you simply can’t ahead and end up going further and further in the hole.
That question is somewhat loaded given that you can look at a plethora of avenues and get varying answer as to why you can’t save money and feel like you’re barely making it. Some would argue they don’t make enough money, as more than half of the population will tell you that cost of living goes up and wages go down.
That certainly ranks as a valid point and won’t be contested, but that doesn’t excuse you from not staying out in front of such an event. The truth is cost of living will continue to go up, but there’s no guarantee that you’ll continue to make enough through career changes or raises to cover that cost.
So what does that mean?
Quite simply, you need to adjust your budget. The problem is your budget isn’t a one and done endeavor but rather an ever changing entity that has to be able to be adjusted when the situation calls for it. If you lose your job or a spouse loses theirs, you wouldn’t keep the same life style or way of living, would you? So why would that be any different then an individual who needs to earn more money or cost of living has them weighed down to change their budget accordingly?
Furthermore, you should always be looking for opportunities to save in two ways: cutting expenses and looking for saving opportunities by earning more. The latter isn’t quite as easy, but could take shape as far as an extra, part time or seasonal job or maybe even selling things around the house to make extra cash.
As for cutting expenses, you could easily look at your budget and start losing things you really don’t need, whether you’re talking about wasting money on eating out at restaurants for dinner, rather than cooking at home or spending some sort of money every week on clothes or shopping. You also can’t discount the smaller expenses, either, the ones that you make daily that often go unnoticed as well.
You can’t assume that money saved is going to find you. It takes work, patience and being persistent but also being able to do one thing that most people can’t when it comes to money: adapt. That part is what separates savers from those who succumb to feeling broke consistently.
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