Run The Money
Follow Run The Money

5 Better Ways To Make Your Money Go Further

  • November 19, 2021

If you're reading this, I'm earning money in some way. I was compensated with money and/or product. Thanks for helping to feed my family. I also may have a financial interest in companies named. Please see our disclosure for more information. Also, any advice provided is for informational purposes only. I'm not an accountant, lawyer, doctor, fitness expert, or nutrition specialist. So, talk to a professional before acting on anything you read, watch, or listen to below. Get your own advice and do your own research. Email me at [email protected] with questions.

5 Better Ways To Make Your Money Go Further

If you are looking for some interesting and useful ways to make sure your money goes further, the good news is that there are plenty that you might be able to consider. The more of these that you are aware of, moreover, the easier you will find it to put them into practice, and if you are able to try out a few of them at once, you should find that it makes all the difference in the long run.

In this post, we are going to take a look at some of the better ways to make your money go further. As long as you put some of these into practice, you’ll find that it makes all the difference to your financial wellbeing.

Review Your Bills

First of all, you might want to take a look at what bills you are currently paying out, and see whether they can be improved or reduced in any way. You might be surprised, in fact, just how often this is possible, and it is something that you should definitely be aware of if you are keen to improve your finances as much as possible. Reviewing your bills is easy enough to do, but you do need to ensure you do it as regularly as possible, ideally at least once a month, and more often if you have a lot of bills outgoing each month, just to be sure.

During the review stage, you might discover that there are bills which are either completely avoidable, or which can be reduced greatly. The avoidable ones come about as a result of something being unnecessary and no longer needed in your life. The alternatives, those which can be reduced, are normally a result of being on the wrong tariff, or being able to improve the price by speaking to the right people.

In both cases, make sure that you are taking the appropriate steps - and then do it again a month later. This will make a huge difference to your financial wellbeing.

Manage Your Credit

Credit can be something of a mixed blessing, to say the least. On the one hand, it can free you up to be able to afford something that you really need. On the other, having a lot of credit card debt can be troublesome, and can take a long time to do away with if you are not careful. If you are keen to try and improve your money and make it go further, you will find it invaluable to learn to manage your credit better.

To do that, make sure you are not using your credit card for any purpose other than an emergency. Also, make sure that you pay it off in full each month, or as much as you can. At the very least, never avoid a payment, and always pay at least the minimum amount that you are meant to pay. If you can do all that, your credit will be a lot better, and your money will go much further.

Make Saving A Habit

A lot of people struggle to save money each month, but it is actually relatively easy to do if you simply make a point of making a habit out of it. If you generally fail to save enough money each month, you might want to set aside a day each month when you think about putting some money into your savings account. Then each month, you can do it without having to really think about it. You can also make this even easier by setting up automatic payments to your savings account.

However you do it, making saving a habit is one of the best things you can ever do for your finances, so it’s something to think about as much as you can. Once you get to the point where saving is automatic and spending is something you have to think about in order to do, then you are going to be in a much better place in no time, so that is really something that you will want to think about in particular. There are few better ways to make your money go further than by saving it each month.

Get Professional Help When You Need It

There are likely going to be many times when having professional help can make all the difference in the world, especially when it comes to your finances in general. For instance, you might find that you need to get some help when you are seeking compensation, or even if you are on the other side of that situation, and you want to claim comparative negligence. Or you might be looking into a will and testament, and you want to make sure it is all working out as necessary. In any case, get the help you need when you need it, and your money will go much further.

Change Your Bank Account

Finally, take a look at your bank account to ensure that you have the best possible option and that you are not being misled. Many bank accounts appear to be worth your while, but are actually costing you more than they give you, so that is obviously something that you will want to avoid as much as possible. Sometimes changing your bank account to a much better option can make a huge difference to your money in a lot of ways.

But do make sure that you are being careful about where you change to. After all, if you end up in a worse position, that can end up being a failure. So make sure that you are thinking about it, and that you really check the details of the new account as it compares to your current one. That way, you can avoid getting caught out.

If you do all that, your money will go so much further, and you’ll be able to ensure that you are leading your financial life in a much better way, in so many ways.