Money has many different sayings behind it like Money doesn’t buy happiness or money doesn’t mean anything to me. Its doesn’t grow on trees either. Since you are reading this we can agree its an important part of our lives. If you don’t have enough its time to get good with money.

How do you get good with money? Well there are few areas we can focus on like not making emotional purchases or creating a budget, Below is a list we will call the get good at money priorities.

1. Don’t spend more than you make – This is a decision you need to make. You control your finances and if you think that is not the case you need to make a new decision. You are responsible for the monetary situation you are in. If you are in debt you over spent or didn’t save for the event or events that put you into debt. If you spent more than you make that was your decision, Need to get out of debt quick we have a few solutions we will talk about later on in this article.
2. Pay yourself first – If you don’t take a piece of your paycheck and put it into savings first you are doing it wrong. Your debt collectors are not your priority you are. Before you go out and spend your money because you were paid that’s wrong too. Pay yourself first means you are putting the money into a bucket of funds you created to have money for special situations either an emergency fund or retirement. If you don’t have any extra money left over after you pay yourself and then your debt you need to find a way to make more money. Will it take more effort? Yes! is it worth it? 100% yes! We aren’t sugar coating anything here. You are just to lazy to do some extra work to where you want to go.
3. Create a budget – Know what money is coming in and where it is going out to. You can’t spend more than you make and if you don’t know where your money is going its like walking in the woods without a compass you will need luck to make it out alive. There are tons of budgeting programs out there we even have a place where you can go here to get your budget on track. Don’t know how to budget take a look at some of the research we have done for you.
4. Create a savings plan – Get good with money real quickly with this step. If you need to know about the different savings plan take a look at this article. A savings plan has goals and needs to be executed weekly. This is where you buckle down and actually have money working for you.
5. Get a side hustle – We all have extra tie in the day. What if you can take an hour a day where you would have been just acting like a potato on the couch and figure out a way to make some extra money. This is where the excuses start coming from your own mind. Get up and start doing something. You get paid for a service, find a service you like and go do it. If you make an extra $40oo a year with an hour a day and make $40,000 at your regular job that is a 10% pay increase. Try to find a job that will give you a 10% it’s not going to happen, you have to go get it yourself. Need to find out more info we have an article on that too.
6. Advance your career – Study about your career. Want to go into management study management materials. Get good with money means you have to put in work. Learn all the aspects of what you are currently doing. Know the ins and outs of every aspect. Why are you comfortable with what you have when you can be a better you. It’s your decision to make moves no one else. Make the decision.
7. Master a craft – Like knitting? Become great at knitting and start a side knitting business. It’s not work if you love what you do. This goes for all aspects of the spectrum. There are side businesses where you can assemble furniture. Become the master furniture assembler and make money off of it. Even at your current career there are areas you need to become a master in. Maybe public speaking or email writing. Master it, research it, live it. You have to start somewhere why not where you currently are?
8. Get a promotion – It all leads into how much studying you are doing in your field of work. If you know your job inside and out what is holding you back from a promotion? Maybe you need to know about the job you are getting promoted to. Go learn it! Take that time you commute to work top read about management or people skills. Maybe it’s your own mind in the way. Well read how to unlock your mind. What does this have to do with money? It’s your decision so start learning how to make the right ones
9. Don’t make emotional money decisions – This falls into the category of do i really need it. Window shopping and you see a jacket that is way to expensive but you buy it because it makes you feel good. That’s an emotional money decision. When you need to get good with money this is what you need to avoid. Money needs to start working for you and you need to get into that mindset. A jacket is meant to keep you warm, not to make a statement. Your savings account is the only statement you need. If you need a jacket get one that makes you feel good while also staying in your budget. If you buy whatever item you get and it doesn’t hurt you then go ahead make the purchase. If it will set you back don’t make the emotional decision to get that jacket.
10. Stay focused – It’s a marathon not a sprint. It takes time to overcome a lot of your old ways have handling money. Do your research, read materials on saving. Sign up for our newsletter to get more money saving tips. Use coupons, shop sales if you need to shop. Shut the lights off when you leave a room. These can add up in the marathon of getting good with money.

To get with money is your decision. There is so much research at your fingertips there is no excuse why you aren’t learning about money. We are also here to help. If you subscribe to our newsletter we will send you money saving tips weekly to keep you on track.

Get good with money is also a mindset. You have to keep track of all your spending habits. If you eat out more than twice a week that can be a problem. Get a book and learn how to cook at home. If you have a bad habit like gambling cut that habit immediately your future is in your hands.

There is no one else that you need to rely on about your money than you. If you in your 20’s or nearing retirement you can look at useless purchases you have made and know that that money could have been working for you in an investment then having things. Start telling your money where to go. Take control of your finances.

Here are some other articles about your money we think will help you in the pursuit to get good with money

SRNG stock is what we will call a penny stock. This is a smaller company that is traded on the open market. If you are looking for the SRNG stock quote price you can use this link WAIT!!!! Before you go you will definitely want to read more about investing especially if you are concerned about not losing money in the market.

As new investors try to break into the market buying penny stocks like SRNG stock hoping it will go up in value so you can make some money off of it . What if we told you there are others ways to invest without the sleepless nights you get from day trading? There are many different goals while investing.

Short term goals – These are emergency funds. It is very uncommon in this day and age for people to have at least $1000 in an emergency fund. This type of investment account needs to be liquid. A liquid account is where your money can be accessible right away, its like having a bank account with a higher rate of return then what the banks have to offer. Investing in SRNG stock is not as liquid as you think. Brokerage houses can hold your money up for a few days if the sale price doesn’t hit where you need it. Investing in SRNG stock and it loses value will not be good if you need the money right away since it can lose value.

Medium term goals – These are investment goals like buying a house or a car. These goals are put in place where your money doesn’t have to be as liquid as if its in an emergency account. You know when you need to take out the money so it can all be planned out. These types of investing accounts can be in a mutual fund or a stock portfolio. You want the stock to be more liquid than a retirement account so using a retirement account kind of investment will not be to wise of a choice. This is a great scenario to invest in SRNG stock if you do your research and believe the stock will hold its value.

Long term goals – These are goals set up for the far future like retirement. There are many options like Roth IRA’s or 401k plans. They have tax benefits attached to them as well. This is where you want a financial planner to get involved in the risk you are willing to take with your money over the lifetime of the investment. You can work with your financial planner to add SRNG stock to your portfolio for example. Since it is usually retirement these programs are a minimum of 10 years.

Depending on the time frame you have for your investment make sure you use the guide above to make the right investment decision. If you need help learning how to invest we have put a few links below that can help you with your investment goals.

 

Here are other articles to help you achieve the best financial future for you.

How to save money by stopping gambling

Where to save money

How to save to move out

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