Four Ways To Boost Your Finances For The Future

If we are all honest with one another, I think we would all like to improve our finances in some way. Have some extra each month to save for the future, maybe feel like we can afford those holidays we would like to take or just treat ourselves to some little luxuries. However, many people are on fixed incomes and feel they have no option. But, you do. I thought I would share with you some of the ways that you could boost your finances.

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Make solid investments in stock and shares

Investing in stocks and shares may sound scary, and of course, there is an element of risk to it, but actually these sorts of investments can really pay off. It takes a little bit of research beforehand, and looking for the right trading platform like td ameritrade to give you the right software to do it, but once you feel you have the knowledge it could really pay off. Investing in stocks and shares can be seen as more of a long term thing, and it is always advisable to keep an eye on things so you know when the right time to sell is.

 

Take a look at your current outgoings

Sometimes starting a little more closer to home is the way forward and your current outgoings could be the way forward. We all have bills to pay and commitments to meet each month, but are you paying the least amount you can be for them? This is when you need to consider reducing your outgoings by getting cheaper quotes for things like energy and insurance Switching providers can potentially save you a lot. The food bill could also be reduced with a  change of habits such as meal planning and changing the store that you shop in.

 

Get on the property ladder

Another thing to think about would be to get on the property ladder. Getting on the property ladder is a real investment for the future. The value tends to increase over time which means that you can really set yourself up for the future. Many people look to get on the property ladder, and then move up and increase the potential by investing in bigger properties. It may feel like a big ask right now, but once you take that step, you are on the ladder and you can then move forward and increase your future value.

 

Increase your earning potential

Finally, why not look at ways to increase your earning potential? You don’t need to stick with what you earn each month, you can look at ways at increasing it. One obvious option would be to look for a pay rise or to go for a new job with higher earning potential. If that isn’t an option then you can look at ways at home to increase your earnings. It might be that you could sell unwanted items on eBay, or start a business from home in your spare time.

I hope that these options help you to boost your finances.

 

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5 Smart Phone Apps To Earn You Money

One of the easiest ways to earn some extra cash is to use smart phone apps. I recently reviewed my friend Emma’s book, 50 iPhone App To Earn Cash and I thought I would share my top 5 apps with you (with Emma’s permission of course).

 

  1. GeoTask

GeoTask is one of the newer apps on the scene, but I love the idea behind it. GeoTask are looking to help our towns and cities thrive, so they are offering a weekly and monthly prize draw where you can win anything from £1 – £25 in cash and gift cards. To get involved all you have to do is register and download the app. It will work in the background to anonymously collect GPS data and give it to towns and cities free of charge.

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  1. Zeek

If you have any unwanted gift cards and you’d like to sell them, or you want to buy gift cards for less than face value to help out with your Christmas shopping then definitely check out the Zeek app. What’s more, you can get £5 credited to your account completely free if you use my code: 2U69DA   

  1. iPoll

iPoll is a survey website but they also have a smart phone app. You can earn cash either from the comfort of your own home or whilst out shopping or eating. The tasks vary, from keeping a diary of where you ate out to answering questions about your favourite pizza.

  1. Checkout smart

Checkout Smart won’t earn you money, but you can get cashback on your grocery shopping just by uploading your receipt. Sometimes they will even cover the whole cost of an item, meaning you can grab lots of freebies.

  1. Field Agent

Field Agent pay you to do location based tasks, like checking item displays in supermarkets. There are a wide range of tasks available and you can make some serious money by using them.

What are some of your favourite money apps?

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How I Plan On Increasing Our Household Income

Increasing our household income is always at the forefront of my mind. Whilst Steve works full time at his job, often taking on overtime and with me working freelance, we find that we don’t have much after bills are paid. This leaves little money for saving.

We want to be completely debt free as soon as possible and want to have a deposit for a house as soon as we possibly can. This means we need to dramatically increase our household income.

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So how am I planning on doing this?

  • Take on more freelance work. This is pretty obvious and now that Jack is at nursery 5 days a week for half days, much more achievable. My parents & Steve’s parents would happily pick him up on a couple of afternoons to enable me to get more done. If I am awake, my mind is on pitching for work. Each morning I will go through my emails and check social media before checking a number of different sites I use.
  • Take on a part time job. This one is a little harder to do as with Jack’s nursery hours and the area I live, it is going to be tough to find something with hours I can work. I do keep an eye on jobs going round the village and am applying for a few. I will still do my freelance work around a part time job too.
  • Do surveys/mystery shopping. I already use a few different survey sites and mystery shopping. I’ve cut back the sites I use as some just weren’t worth my time but a cheque every few months from a site like Populus Live can be very helpful.
  • Get cashback where possible. If I am buying something online, I am always going to see if I can go through Top Cashback and get some cashback for it. Yes, sometimes the waiting time for your cashback is crazy but every little helps, right?
  • Declutter and sell, sell, sell. I really need to do another declutter and sell anything that we no longer need or use that is in good enough condition.
  • Do odd jobs. I wouldn’t charge but my Nan wants me to do a few odd jobs round her house every now and again and is insisting on paying me. I’m thinking of putting a sign in my local shops offering my services.

I’m really hoping that if I put the effort in and really try my hardest every single day, I will be able to see a dramatic increase from my end. Hopefully Steve will be able to take on some more overtime in the run up to Christmas as well and we can actually start to see our savings accounts grow.

How would you suggest increasing household income? My friend Emma at From Aldi To Harrods has started a series on how to make an extra £x amount of money each month – why not take a look? I’m definitely taking some of her ideas on board!

 

Mummy To The mAX