Struggling Financially? Ways to Help You Get Back on Your Feet

Struggling Financially



A financial struggle can be difficult to admit to and even harder to recover from. Continue reading for some ways to help you get back on your feet financially.

Cut back

Go through your most recent bank statements and highlight all of the unnecessary spending. It will probably amount to hundreds of wasted dollars. Cancel any subscriptions that you are not getting value for money for, such as Amazon Prime. Instead of buying lunch out when you are at work, prepare your own and take it with you. It is surprising how much money you can save this way. Planning your meals for the week reduces the amount of waste you have. Consider collecting coupons and using those to support your meal plans.


This does not necessarily mean you have to sell your current property and move to a smaller one, although this could be an option. Look around you at all of your belongings. How many of these items do you actually appreciate and use? If they are in a good condition, consider selling them and making some money from them. Online auctions, yard and garage sales, and selling groups, on Facebook for example, can be great moneymakers. Selling from your own home is an easier option as you avoid having to pay for shipping and handling.


If you are already in full-time employment, is the role you are doing paying you enough? Look at your contract carefully and see if there is anything written about pay rises. If you have not received one recently, it might be worth having a chat with your line manager to see whether the possibility is imminent. Also, contemplate if there are opportunities for moving up the ladder. Show willing and ask to be considered for a more senior position. If you are only working part-time, look for a second job or ask to increase your hours, if possible. Working part-time is great if you have a family. Working from home opportunities might be the solution.


We realize that this is not a long-term solution and, for some, it might not be the best idea. However, borrowing money can be a good option for those who know that money is forthcoming. Consider speaking to your bank and asking what they would be able to do for you. Alternatively, if you have a car, an auto title loan is an option worth thinking about. Depending on the car you have and the condition it is in, you could borrow a significant amount of money, which could really improve your financial situation.

Cash in

If you are lucky enough to have shares, it may be worth having a chat to an independent financial advisor to discuss whether it is time to cash them in. It may well be better having some money now and being able to cover your debts rather than working yourself into the ground only to have a little bit of extra money when you are retired. Advice will support you to make the best decision based on your current situation.


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