The chances are that if you are reading this article you know that you could improve your finances or you really need to improve your finances. Whether it is that you are using payday loans which are perfect as short term loans or you have a range of other credit this article can help you improve your approach to your finances in small ways that will add up.
The first tip which is really easy to do and can come as a pleasant surprise in a couple of months time is to throw coins into a large container which should be placed strategically by the place where you get your clothes prepared for a wash. When you build this habit it is very simple to do and it is amazing how much money can accumulate over a period of time.
The second tip is to make a plan to eliminate debts which can be helped in the interim period by using payday loans so that you don't harm your credit rating by missing important payments. Be very realistic when making this plan which leads us to the third tip which is to put together a cost of living notebook.
The cost of living notebook is where you can put your income as well as your bills and expenses. Take plenty of time to be realistic about what goes in there as it needs to include all the money you will spend on a monthly or weekly basis. It should include luxuries also such as clothes, nights out, trips to the hairdresser, gym costs, beautician, bus fares, petrol and go for a slight over estimation so you can foresee any unexpected expenses.
Once you have this done then it is time to track your spending which is the fourth tip and although it may sound pedantic it will help you in the long term. This means writing down the money you spend on a daily basis, coffees and all sorts that can add up at the end of a week or month therefore painting a different picture to your original cost of living notebook. This means that in month or week two you can make the necessary adjustments and continue with tracking your spending also. At this stage you should also re-evaluate the elimination of debt plan and see if it is realistic or hopefully you may have more cash available to eliminate more debt.
The fifth tip is to shop around more than you are used to doing. Between the internet and more competitive prices on the high street it can be a pleasant surprise to see how much you can save. Have fun doing it as let's face it we all love to bag a bargain.
Now at the same time practise tip number six which is to minimize. Depending on your personality you may be a careful shopper who only buys the necessities or lots of us can be impulsive or compulsive shoppers. The big question is whether you can live without it and if you can then don't buy it. If you practise this for a few months you could be in the position for a special treat or to clear some more debt. Always look at these tips in the positive way as this way you won't feel you are missing out but instead working towards a positive goal.
The seventh tip is simply to maintain these changes. In reality it takes a number of months to truly develop all aspects of these tips and by all means allow yourself treats from time to time but keep track of these, much in the same way as you can use payday loans to help your plans.
Jackie enjoys helping people feel better organised financially as this gives them more freedom. These tips are very practical and they also explain when payday loans can be useful to pass through a financial stage and create better habits for the future.