Top 3 Ways to Cover those Extra Monthly Expenses
Monthly expenses can rack up pretty quickly, whether they’re those ones that you agree to over a 12-month period, or those irritating ones that crop up from time to time. Everyone would love a quick fix to these problems, but there generally isn’t any such thing. Having said that, if you use your smarts and do a little bit of work, then there are some things that you can do to help cover those monthly expenses, leaving more of your usual wage to use on the things that you enjoy. Here are three of the best options for you:
- Part-time work
There are literally hundreds of different things that you can do to earn a little bit more money each and every month, and we’re not talking about those get rich quick schemes you see in web adverts all the time. You can do surveys, proofreading, data entry, and so much more if you just spend a little bit of time researching on the internet. Most legitimate sources of income aren’t going to make you rich, but they’ll certainly help bring a little extra in each month. Search for these on sites like gumtree or other well-known minor jobs sites.
- Save, save, save
This is the really boring one, but if you can put aside some money each month with next month in mind, you’ll find yourself with more money to use on the things that you enjoy. This is the very best way of guarding against those unexpected costs arising from things like car repairs or broken boilers. If you get in the habit of saving, it becomes much, much easier to do it month to month.
- Short-term loans
Sometimes there are unavoidable monthly expenses that you simply can’t cover with this current pay check, in which case your best option rather than missing a payment or missing out on something is to get a short term loan. It’s a good idea to check out all of your options here, because they will change depending on your circumstances. Students for instance are likely to find the best value in using something like Smart Pigs loans, where someone employed full-time with their bank may be able to use an overdraft temporarily. Always remember that taking out a loan like this should be your last options – if possible, pay the bill by cutting down on luxury.