5 Simple Solutions to Every Day Money Problems

Inspired by our brand new service, Simple Solutions. We asked you on IG stories “What are your every day money problems?” Out of all the responses, we’ve rounded up 5 of the most common every day money problems so that we could finally help you solve them once and for all.

We know that tracking your expenses can be a hassle sometimes but it’s really in your best interests to keep a log of your finances. The key to make budget tracking more manageable is to find a system that works for you.

If you’re struggling to track your expenses it means that the method you’re using now isn’t working for you and that it’s high time you try something new! Find the means that suit you best and tracking your expenses won’t feel like a chore. 

A (shady) and gentle reminder: If you’re really having a hard time tracking all your expenses, it might help to minimize your expenses so that you won’t have much to track. Just saying!

Want to know how you can take the guilt out of shopping? Pay yourself first. When you get your paycheck, pay your savings, investments, and insurance accounts first. Next, pay for your needs. Pay your monthly bills or set aside money for necessities like groceries. Then, with what you have left, you’re free to spend on things you want without any remorse because you’ve already taken care of your savings and your needs. 

Another practical tip to stop overspending is to deliberately make spending hard. Delete all your shopping apps (especially on their double-digit sales), unfollow IG shops, put your money in a savings account that’s hard to withdraw money from, and use cash over credit.

If you’re spending a lot on food delivery or takeout, it’s time for you to start investing in a new skill. It’s time for you to learn how to cook! Cooking or food prepping your own meals every day is significantly cheaper than constantly ordering food. The great news is you don’t even need to spend much to learn how to cook because there is a wealth of free online tutorials on YouTube (you can also find some on Facebook, Instagram, and even on TikTok) that you can watch to learn new recipes, cooking techniques, and cooking hacks!

Let’s do an exercise for this one! Check your monthly budget last month and assess all your expenses. You can rule out all the payments you’ve made on your savings and your needs. Let’s focus on your expenses under the “Wants” category. 

Once you know your priorities and what you’re willing to give up you’ll be able to make more mindful decisions when it comes to your daily purchases. Assessing your spending behavior is a great way for you to pinpoint your bad money habits. Once you pinpoint your bad money habits it’ll be easier for you to make the necessary changes to improve your spending behavior.

Living from paycheck to paycheck can really lower the quality of your life and put you under a lot of stress. If you’re always struggling to survive Petsa de Peligro, here are a few solutions you can consider to increase your monthly income. 

• Assess your work performance! If you’ve excelled at work and you’ve proved to be a key performer among your colleagues consider asking for a raise. If your company is in a good place financially and if they really value you as an employee, asking for a raise shouldn’t be an issue.

• If you’re becoming an expert in your field and your current job isn’t paying you enough for your skills, find a new job that can pay you more! 

• Make the most of your skills and have multiple streams of income! Getting a side hustle will not only increase your monthly income but can also act as a safety net or even as a buffer if things go south. 

Most of the time, our difficult problems have very simple solutions. If you need help, we’ve come up with a brand new service to answer your urgent questions about personal finance. With Simple Solutions, we can consult you on your immediate needs by quickly connecting you to a financial planner!

The Simple Solutions Package

• 1hr one-on-one consultation

• In-depth discussion

  • Coaching

  • Immediate Recommendations

• Q&A

Find the simple solutions for your difficult problems.