To make ends meet, sometimes you have to try crazy ideas to get your money back on track.
From low-income earners to multi-millionaire movie stars, it’s not always easy to make ends meet.
For the rest of us, it’s very hard to do Make ends meet on a very limited budget.
Have you tried everything. You’ve cut all possible expenses, saved as much as you can, and it still isn’t enough to make ends meet.
Sometimes everything is not enough. If you’ve tried everything, it’s time to try out some crazy ideas to make ends meet.
What does “near the end of the month” mean?
Making ends meet simply means spending as much as you earn. You have your income on one side and your expenses on the other.
to cover their expenses as well Earn more money To cover your expenses too Budgeting To meet your income or both.
How can you make ends meet when you don’t make enough money?
The Internet is full of ideas for to save money, budgeting, and more generally, making ends meet. I know I’ve tried more than once to save money, whether it’s turning off the thermostat or unplugging the electronics.
I wanted to offer something more, ideas that you may not have tried to provide and Reduce spending.
I warn you, some of these ideas are far-fetched. Some are good for a joke but won’t save you hundreds of dollars.
Others I’ve tried to save an amazing amount of money and cut my monthly budget by 16%, saving me hundreds of dollars a month.
1. Find a haircut and style that you can do yourself
Even if you love long hair, there are styles that you can learn to do quickly or that anyone in the family can do easily.
The average cost of cutting and styling is €44 for women and €22 for men. This means that a couple can save $132 per month on this DIY challenge if they go to the hairdresser twice a month.
2. Drive below the speed limit
Old habits die hard and it may take some time to learn to drive again, but this challenge can save you more than you think.
Drivers can save up to €500 per year on petrol by driving 88km instead of 105km on the road. In fact, most cars’ fuel efficiency peaks at around 72 km and decreases slowly as speed increases.
The savings can be greater for city driving. By respecting the speed limit or even driving a little slower, you brake less and have fewer accidents.
3. Sell what you don’t need
Go around your house, find what you no longer need and sell. Facebook Marketplace, Leboncoin, and eBay are all great places to sell your unwanted items.
This includes clothing, toys, household items, and electronics. Don’t assume no one will want it because you don’t. You can earn a little extra cash and de-clutter your home.
4. Look in the trash cans
I know many of you are probably feeling like throwing up right now, but don’t hold back. Looking at what other people have thrown can be a gold mine, especially around the dorms on move-in day.
Drive through uptown apartment and dormitory complexes. You can find completely new furniture and clothes for free.
5. Donate clothes and other items to charity and then buy them back
This solution only works if you itemize your expenses on your tax return. This means that you must add mortgage interest, charitable contributions, and local and regional taxes to deduct it from your income.
If the total is greater than your standard deduction, you can save thousands of dollars in income taxes.
Let’s say you take out a €1,000 charitable deduction, which saves you €250 in taxes. If you’re able to buy your own or similar clothing for less than that, you’re in for a pretty good deal.
6. Turn your budget upside down
That’s my country Budget trick Preferred, but also effective to make ends meet. Most people budget by first deducting their expenses from their income, and then saving the rest.
What happens is that they don’t have anything left to save. Even if they had enough to cover their bills, they wouldn’t be motivated to save.
Instead, try withdrawing an amount to save before your expenses. Start with your income and try to take 10% to save and retirement.
Then start withdrawing money from your income to make ends meet. If you don’t have enough money to cover everything, start cutting your expenses until you can make ends meet.
This will force you not only to reduce unnecessary expenses, but also to save money.
6. Fasting one day a week
The idea is to lengthen the time you go without eating, starting with a few hours and then working your way up to ten hours without eating.
Fasting really works. You can eat as much as you want outside of fasting hours.
Not only can you lose weight, but you can also save a lot of money by fasting.
8. The spending challenge
I adore Spending challenges As a way to save money. There are several ways to complete the challenge.
- Try to spend only the bare essentials for a month. This is a significant drop in spending on entertainment, dining, cable TV, and anything unrelated to housing, food, and transportation.
- Try to deduct only one expense from your budget for the month.
I prefer the second type of spending challenge. It is less risky but can still help you save a lot of money. You’d be surprised at how many expenses you’ll find you won’t miss at the end of the month.
9. Take a Closer Look at Your “Must Haves”
This question is related to the spending challenge but deserves an article of its own. It’s easy to get used to spending on things you don’t really need.
If you had to list your primary expenses, would they include pay TV or eating out each month?
These things may not cost much, but they add up quickly. If you’re struggling to make ends meet, it might be time to take stock of what you really need.
It is possible to meet your needs, no matter how much you earn
Making ends meet often seems impossible, especially if you feel stuck at your current income level. But there are solutions if you think outside the box.
Start by looking at your expenses and see what you can cut completely. Then focus on areas you can reduce or ways to reduce them Earn money on the side.
However you manage to make ends meet, always use a budget. It is the only way to know if your strategies are working or if you have to start from scratch and try again.