Spend Less or Make More….It’s Up To You

By Vincent Mortensen

Many people wonder how to get out of debt and get ahead in life.  It’s not a terrorizing concept by any means but sometimes we feel we’ll be financially helpless for the rest of our lives.  There are two main ways to get out of debt:  spend less than you earn or make more money.  Here are a few tips to make some extra money to find financial peace once and for all.

Spend Less:  You’d be surprised how much money you spend by not giving all your dollars a destination.  Here are the best ways to save by not spending.

CREATE A BUDGET:  If you know where every dollar is going, you’ll know what to cut back on.  Many of us believe living on a budget means we’ll have fun ever again.  That’s simply not the case.  You’ll have fun when you are financially at peace and have properly allotted money for an activity, like a vacation or a new TV.

CUT DOWN ON DISCRETIONARY PURCHASES:  It’s easy to have a $3 coffee every day and then wonder where all your money went at the end of the year.  Instead, purchase your coffee only three times a week.  Adding that up in one year, and you’ll have saved $312.  That’s a lot of scratch.

FIND FREE FUN:  To quote Eric Cartman from the hit TV series South Park, “Anything that’s fun costs at least eight dollars.”  Of course this isn’t true.  You would be surprised how many free activities are in your local area or online.  This can include free concerts, dusting off a favorite board game, or playing the thousands of free games online.

Make More:  If you enjoy your current lifestyle and don’t wish to change anything about it financially, you will need to take the road of making more money.  This can be done by:

GET A SIMPLE PART-TIME JOB:  Retailers are often hiring so give them a ring.  There are other ways to make extra income from home such as working online.  There is money out there for anyone who is willing to work for it.

SELL ITEMS YOU DON’T USE ANYMORE:  We all love our “stuff” but human nature usually causes us to get bored of that “stuff” sooner or later.  Why not hold a nice yard sale and make some extra money? 

One day, I decided to clean out my closet of items I didn’t use anymore.  This included a pair of ice skates, a series of computer games, and old college textbooks.  In total, I earned about $150 effortlessly by selling items I no longer used.  Give it a try!

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