Yeah, budget on a budget. I know what you’re thinking. What does that mean? Well, I’ve always been a supporter of budgeting for the essentials, for the wants and the needs. But you might be wondering how to make a budget work when you barely have any extra money now. There is a way, but it’s going to take some hard work and dedication.
If you are already trying to figure out how to squeeze more cash from your current situation, I have some suggestions. I am notorious for finding extra money and figuring out ways to make some extra cash.
Get a Better Job
This one is a no brainer. If you are currently in a job that doesn’t pay you what you’re worth, then it’s time to find something else. I know that right now the economy is pretty bad and thinking about looking for a new job is pretty scary but you can prepare by making sure that you have the right skills that you will need for that new job. If a better job is completely out of the question, then consider a part time job. I wrote a post about figuring out ways to make more moneythat would be a good starting point.
Start a Small Business
When I say start a small business, I don’t mean invest a ton of money into a full fledged business like a restaurant or a retail store. There are plenty of ways to start a business with nothing but your time. If you can think of things you are good at, you can make some extra money to squeeze into your budget. One of the best ways to make some quick extra money is to register for Fiverr.com. I regularly go to that site to find someone to handle work for me. Every job pays 5 bucks. For example, if you have a large Twitter following, you can offer to send a message to all of your followers for 5 bucks. Do you have the time to record a video message? How about looking up a few scriptures? These are all jobs that are offered everyday and people are making money through this site.
Trim the Fat
Yes, put your budget on a diet. There are ways to squeeze extra money out of your budget without getting rid of the things that you love. But what about the food that you let go to waste? How much money do you think you would save if you eat all of the food you buy at the supermarket? When you think about how much food is wasted and how much money you could save by not shopping for groceries as much, you will be pleasantly surprised.
Join a Support GroupHi, my name is LaTisha, and I’m a shopaholic. Hi LATISHA!
It’s fun to save money when you are competing. Penny the Saver has a Saved Quarter Challenge that invites you to save 25% of your income. J Money at Budgets are Sexy has a Million Dollar Club that you can join once you declare your desire and your plan to become a millionaire. There are great ways to keep your self accountable to your goals and still maintain a budget.
What about you, how do you squeeze that extra cash from your budget?