The last year has been difficult for everyone. Now, at last, it looks like the world can finally start to move on from COVID19. For many people, that’s going to mean rebuilding their finances. In particular, it’s often going to mean replacing lost savings. With that in mind, here are five tips to help.
Set up a Plan B
Your Plan A should usually be to pay for purchases out of your savings. If, however, your savings are low (or non-existent), then it’s advisable to have a Plan B at the ready. For example, www.b3cashsolutions.com can process loans super-quickly and offers very reasonable rates. This can be just what you need if you are hit with an unexpected expense.
Commit to meal planning
Preparing your own food from scratch can really lower your food bill. What’s more, eliminating food waste from your home is good for your wallet and good for the planet. Remember that you don’t necessarily have to eat what you prepare at home. As the weather gets better (and restrictions ease), you can head out for picnics.
You can save even more money by growing at least some of your own food. If you only have an indoor space, try herbs and sprouts. If you have a balcony, you can add container-grown fruit and veg. It’s generally best to focus on more expensive produce as these offer the biggest savings. If you have a garden then use as much of it as you can to grow your own food.
Learn to barter
Stay on the lookout for opportunities to swap rather than buy. If the thought of this makes you nervous, start with your family and friends. You probably know (or can easily find out) what skills they have. Similarly, you probably know (or can easily find out) what they might need, or at least want. Doing a trade can be a win/win for both parties.
Bartering can also work very well with smaller businesses. There’s certainly no harm in asking. After all, the worst they can do is say no.
Set up a side hustle
No matter where you live or what you do, you can get side-hustling. You might not make a lot of money. You might not do it for long. That’s fine. You just need to do what it takes to get your finances moving in the right direction. On the other hand, one day, you may be able to turn that side hustle into a full-time job you love.
Sell your unused stuff effectively
If you really want to get the best price for your unused stuff, then you need to take a strategic approach to selling it. Firstly, you need to choose the best sales platform for your item. Then you need to decide how you’re going to get the item to the buyer. For example, will you send it in the mail? Can you deliver it? Do you need the buyer to collect it?
Once you’ve established this, you need to create an honest but appealing sales listing. Try to mention anything a buyer might want to know. Include at least one high-quality photo of the actual item. If relevant, use another item to show scale. Make sure that you check regularly for questions. These can end up in junk mail. Always answer them promptly. You can know brokers with zar account.