One of the hardest things to do is live on a budget. Life is so full of places to go, foods to eat and things to see that the idea of having to curb the fun to keep living can often feel, well, depressing. Worse than that? Being in a position where you have to choose between heating and eating. This type of budgetary stretch is so thin for some, that it triggers depression and sadness.
Whether it’s because of a loss of hours at work or taking a pay cut due to health issues, budgeting can be a good answer. Trying to find a temporary solution for when the budget gets trashed by emergencies is the only way you can ensure that you can get to the next paycheck intact. It’s not an easy concept to live by, but understanding how to keep yourself afloat is imperative to survival. Finding more work is one thing, but when unemployment rates are high with companies spoiled for choice of candidates, finding work is often hard. So, what is your solution for the months where your budget won’t get you to the next cash injection?
- Friends & Family. If you are in the very fortunate position of being close to your family, borrowing money with no interest is the optimal solution. If you are too proud to take some cash to get you through, allow them to help you with your groceries or topping up your electricity metre to keep your lights on. Pride isn’t going to feed you or your family, so it’s best to swallow it down and ask for help when you need it.
- Payday Loans. Small cash advances with companies like Viva Loans are always an option if you have the right credit, but you should always ensure that you can afford to make repayments. Being on a budget means being creative with money and if you are able to make repayments then all the better. Fit it into your budget for next month if you can manage it, but it’s a good solution for when things are very tight.
- Clean House. We’re not talking with a mop and bucket. Go through your belongings and work out what is of value and what isn’t. If you have things you can take to local electrical stores to exchange for cash, you’re going to be able to manage to the end of the month. Local social media websites should allow you to list items that are of lesser value, and you can arrange for pick up.
- Ditch The Car. Cars are generally a luxury – unless you are using the car for business purposes. If you are looking to spare up some money, then selling the car is a good idea. It doesn’t have to be forever but if you don’t need it right now, then you can always buy another car when your finances improve.
All of these fixes are temporary ones, so sorting out your income is a better option than many so that you feel secure!