The new year is already about 3/4 of the way over. How are you doing financially? Have you stuck to your budget? Are you meeting your goals? If you’re still struggling, maybe some of these tips can help you:
1. Be accountable to someone – anyone.
Just because you’re single doesn’t mean that you can’t be accountable. You don’t need a husband to be accountable to someone. Ask your mother, sister, or best friend to occasionally or regularly ask you how your finances are and offer encouragement to help you meet your goals.
2. Star over.
If your budget just isn’t working for you, you may have set unrealistic goals, restrictions, or expectations. It’s perfectly fine to adjust your budget as necessary. To be honest, I adjust mine every month to take into account extra trips out of town, check-ups at the pediatrician, holidays, and other gift-giving occasions.
3. Look, really look, at your finances.
Get out your budget pages, bank statements, shopping receipts, everything, and really look at your finances. What are you spending money on? How much do you have in savings? Where can you cut back?
4. Ask for a raise or apply for a promotion or transfer to a different position.
In this economy, you may very well be denied your request, but if you truly need more money, you may want to consider asking for a raise or a higher-paying position.
5. Skip the vacation.
If you’re struggling financially, you can still take paid time off from work, but you don’t need to spend money going out of town for a vacation. Stay at home and enjoy just being away from your job.
6. Read the employment ads.
Maybe you want to change jobs, maybe you don’t. Either way, what would it hurt to browse for higher-paying jobs?
7. Start a journal.
I know, first I’m recommending a budget, now I’m recommending a journal – not exactly a “save the trees” kind of approach, but I’ve got good reason. Spending is very frequently influenced by emotions. By keeping a journal, you can start to identify how your emotions influence your spending and take steps to change that pattern.
I encourage you to think of your own ideas for dealing with your financial struggles. You’re an individual, and your circumstances are unique. Use my suggestions, think of your own, but whatever you do, don’t give up!
Article by Randi Millward