What To Do With Your Money This Year!

what to do with your money this year

It doesn’t matter what your money situation is, there’s always something you can be doing to make it better. It doesn’t matter if it is bad or good. Whatever your money situation was like in 2017, 2018 is the year of change. With the first monthly nearly over, as scary as that is, it’s time to put your thinking head on and maximize your money. It isn’t always easy to think of ways to, and until this article you might not have wanted to. But we’re here to change that view point. Read on to find out what you can do with your money this year.

what to do with your money this year

Use it Wisely

When you get to that point where you’ve built up a nice amount of savings, it might be a good time to build upon it to make more and more. We’re talking about investments here. Yes, investing is a risky game, but if you’ve got some money to play with you might as well try and make more. There’s so many interesting areas to go into, but one we definitely would advise you stay away from now is bitcoin. The market has fell through and people are losing millions.

One that would be good however is property. Property is something you’ll already have had experience in when purchasing your own home, but when investing it is even more fun. It is easy enough to get into as well, just click here for some more information. You might have to borrow some money initially, but property is one of the easiest ways to make your money back, and more.

Property flipping is one of the best to go into to make a quick profit. Buying somewhere to rent out is only advisable if you’ve got a lot of money of your own to outright by the property. It would take too long to build up what you invested and make a profit.

Sort It Out

As we said, you might not be in the best of situations with your money, but it doesn’t mean you can’t do anything about it. So many people end up going through the years just scraping the barrel. You really aren’t alone if this is what you’ve been doing. If you’ve got a normal job, chances are the wage isn’t too great. With the economy being as poor as it is today it sometimes is just the way that you might not have much left over at the end of the month. But in a lot of cases it isn’t the economy or wages that are the problem, it is spending habits.

I’m sure you’ve heard the saying about living like a king for the first week of the paycheck, and a pauper for the last three. This is so true to us as human beings. We can’t help but get a bit greedy in the first week of the month. But it is this habit that you need to try really hard to get out of. Plan your money and spread it across the weeks and you’ll find yourself in a much better position a few months down the line when you’re able to build some savings up.

One of the tricks that my parents used to use (and one I now use myself) is to set aside a portion of every ounce of income for a particular use. I have six major categories that my spending needs to go to, so every bit of money that comes in gets divided six ways to go to each of those categories. 

Do you have some money tips to share that have worked for you? Leave them in the comments below!

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