Discouraged With Your Financial Journey? Try These Tips!

First, let me say a Happy Belated Mother’s Day to all the moms out there. I know how hard you work every day, and how much it means to your family. We had a sick day yesterday, so while I did get an awesome breakfast, and lots of napping time I didn’t spend the day exactly as I had planned. (still the napping was awesome!)

Sometimes it feels like we are taking 2 steps forwards and then 1 step back in our financial journey as well as our everyday life. I’m trying to take the advice of the kid’s favorite fish, Dory, and “just keep swimming.” Eventually we’ll get there, it just takes time, and I’m not exactly the patient type.

In the meantime we’re redoubling our efforts to spend less, and earn more. There’s no downside to having more money in the budget!

Here are a few ideas if you are facing a situation where you need to bulk up your savings quickly or trying to make ends meet.

1) Declutter: If you’re like 90% of people you have too much STUFF. The first step is to stop buying stuff-we’re placing a moratorium on buying stuff other than food. The second step is to go through the stuff you have one shelf/bag or box at a time and find things you are willing to part with. Some items might get listed on Ebay, some on Craig’sList, and you can also host a yard sale.

Learn more: 4 Tips For Green Decluttering

2) Maintain your stuff: Since you’ll have more free time, spend some time maintaining the stuff that is important like your AC unit, or the dishwasher. Regular maintenance means less replacement costs.

Learn more: 28 Home Maintenance Tips For Fall

3) Cook: Cook at home. Pack your lunch. Eat leftovers. Use your freezer.

Learn more: How To Eat Organic On A Budget

4) Find change: It seems silly but if you go through your home and find all the change you may be surprised by how quickly it adds up. We have $50 in change sitting in our Disney jar. I may cash it in to bulk up the emergency fund and pay it back later.

Learn more: How To Get A Raise Without Asking Your Boss

5) Work more: Whether you work on creating a side business, work overtime, or get a second job bringing in more money is never a bad idea. Just remember you won’t be able to work 80 hours a week for forever. Guard against getting burned out.

Learn more: Cheap Week - Spend Less, Splurge Later

6) Spend less: I admit that while I was working we spent over half my income on related expenses, and convenience foods. If I can back to watching every ¢ as close I did in the past, we could save a bundle.

Learn more: Spend less of earn more: which will help you save money?

7) Do an expense audit: Go through your fixed expenses and see if anything can be trimmed. It’s been 3 months since I last did this, so I’ll take another look and see if anything else can be lowered/dropped.

Learn more: How to perform an expense audit

What do you do when you need to earn more/spend less? How do you “find” extra money in your budget?

Kelly

P.S. The girls have some kind of flu/cold and I feel like I’m fighting it off. We spent a lot of time resting (and watching TV) yesterday. We’re continuing the trend today since they are still pretty ill and I feel like my brain is not functioning.

I spent some time planning and reworking our budget for the next 28 days on Saturday. We need to adjust our budget to bulk up emergency fund again, meet several other goals (completing a will, mulching the gardens, planning our trip to San Francisco), while continuing to pay off debt.

Don’t let discouragement about your financial journey keep you down. Just keep swimming, swimming, swimming…

About Kelly

Kelly Whalen is the founder and editor of the Centsible Life. She started the blog in 2008 as her family faced a mountain of debt and the fixer upper they purchased became a FIXER UPPER. The website was born out of her desire to share what was working (and what was not) on her family's journey to financial security. Kelly lives in Minneapolis with her family.