Top Ideas to Begin Saving

Begin Saving

It is inevitable that Americans are over-spenders, they spend more than they can afford on their day to day items hence it is imperative that Americans learn a few tips and tricks to save money and live happily within the confines of their own population.

Saving money is a hard to build habit especially those who do not know how to stay in the limits of their budget. If you are one such individual then no need to worry, adopt these quick tips on saving money and start living a convenient life.

1. Initiate by Cutting the Cord

Paying for cable TV is heavier on the pocket as compared to any other household expense. Hence it is better that one starts streaming channels, TV Shows and movies literally in peanuts as compared to the cost of cable TV per year. Using Jailbroken Firestick Device protected with good VPN is an amazing way to start.

2. Keep a Note of all your Expenses

Keeping a record of every expense provides you a good standing to begin your saving with. Track the way your monthly income is spent and then identify the unnecessary areas where your money is going.

When you have accomplished this you will have a better idea on where your expenses need to be dwindled.

3. Set a Goal for Yourself

Setting a goal for yourself keeps you motivated to get through thick and thin of life especially when the tides are rough. Same is the case when it comes to saving money.

Spend some time figuring out your desires that you wish to achieve such as a dream vacation, buying a house or even a new phone; pen this goal down and then keep a daily reminder of it before your impulses urge you to spend money elsewhere.

4. Set your Savings to Automatic

To set your savings to automatic simply go to your bank, ask them to take your money every month and deposit it on your savings account. This way your money will remain secure and you can avoid falling back into the habit of spending money.

5. Take Help from Technology

With the advancements in cell phone and technology you can download many apps on your phones which help you stay organized in terms of money. It gives you reminders on your goals, your savings limit and your expenditure plus tips to help you save money.

6. Bid Farewell to Credit Cards

Either you learn how to use credit cards responsibly and wisely and if you are drowning in debts then counsel yourself on the most practical ways you can adopt to clear your debt which may include getting rid of your credit card. It is for your own good!

The plus side of this is that you can rebuild your credit history so that in future you can get cards with further perks, benefits and discounts. Consumers with better credit history are also eligible for desired loans at low interest rates.

Budgeting Tips for Low-Income Families

Budgeting Tips

With the rising costs of food, housing, fuel, medicines, and household bills, it’s not surprising that many people find themselves struggling to make ends meet. Never mind buying a top of the range car, spending on a lavish holiday or having your dream kitchen fitted, for some people, just kitting the kids out with school uniform or paying the gas and electric bills can be a real cause for worry.

Low Income?

Not easy if your money going out is more than you have coming in, is it? And it is frustrating if you are not being frivolous with your spending, rather, you are just paying for the necessities and getting by. Getting to the end or even the middle of the month with no money left is hard, and especially when it happens regularly. Even more stressful and upsetting is when you have children to consider. We all want to see them well fed, clothed, warm and comfortable. And when birthdays and Christmas come around, finding the money for those extra treats can be almost impossible, with the pressure to provide and keep up with everyone else tremendous. This is where you need a plan to help you to budget and ensure that every month is not a financial worry and struggle.

Read Also: How to Use Your Assets to Create Cash

Make a Plan

Sitting down and making a plan of how you are going to manage your money each month is a good start. Write it down so that you can really visualise what you are going to do. It doesn’t matter if you put it on a screen or paper. Write down exactly what you spend and exactly what you have coming in. Keeping receipts from shops and cafes will help you to keep track more easily. It also helps to get it clearer in your mind, so that you can then actually act on it.

Debt

debt

If you have any debt, such as loans, try and get rid of those as quickly as possible so that you and free up money. Aim to set aside a set amount every month and make a target goal for when you hope to pay it off. Not easy when money is short but it really does help. Try and visualise what that extra money each month will help to pay for and this will give you the incentive needed. Once you’ve got rid of your debt, don’t get into anymore. If you can’t afford it, and it’s not vital, then do without or you’ll end up back where you were.

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Keep a Track of Your spending

Keeping a strict and precise track of your spending will really help you to know exactly where your money is going. You make think that you don’t spend a lot on non-vital things but those take out coffees or branded food products all add up. Do the children, especially teenagers, really need to wear designer labels and can you shop around in the sales to get the best bargains? Also, rethink where you shop. Some of the cheaper supermarket products are equally as good as the more expensive competitors. You may also want to think of not always buying new items. Second-hand items are always cheaper and will save you lots. Look online on the popular selling sites and don’t be shy of browsing around charity shops: You get a good deal and so does a good cause. Don’t forget to look at what you already have. Are there unwanted toys, outgrown or unloved items of clothing that you can sell on? Maybe a car boot or advertising on free sites can generate you a bit of extra cash.

Emergency Bills

People on a low income often have bad credit. This makes it impossible to obtain things like credit cards. If you have a bill to pay and no money, try a short-term loan to cover the cost or ask the family to help out. As long as you pay back a short-term loan, it won’t get you into debt.

What Help Can You Get?

Are you sure that you are getting any benefits that you are entitled to? Are your children eligible to free school meals or help with funding school visits and uniforms? Can you get help with prescription costs, dental or optician care? Go in and ask at school or your doctors, dentist, and optician for some guidance.

Remember to stay positive, have clear goals and aims. Being in control of your spending will give you more confidence. And don’t forget to allow a small treat each week or month, even if it’s only a bar of chocolate or a bunch of flowers. It will keep you going and help you to stay focused and on track.

3 Ways to Get on Top of Your Finances as a Young Adult

It’s never too early to start thinking seriously about your future. To make sure you have happy and relatively worry-free adulthood, it’s crucial to get on top of your personal finances. The kind of stress caused by financial trouble is something no one should have to go through. Getting into the habit of self-discipline and frugality will serve you for the rest of your life and will mean you’re less likely to get into debts that have the potential to spiral out of control. Here are some of the things you can do now to ensure you get on top and stay on top of your finances.

1. Get a savings account

Get a savings account.

Even if you have no extra money, even if you already have some debt to pay off, always, always put some aside for your future self before anyone else. If you start putting a small monthly sum into a savings account and treating this as a necessary expense, you’ll be surprised by how much you build up in a few years. Lots of young people today think of savings as an impossible luxury, but it doesn’t have to be this way.

Read Also: Money Management Tips When You are Injured and Out of Work

2. Don’t bury your head in the sand when debts pile up

Entering the real world as a self-sufficient adult can be a genuinely terrifying experience. When debts start to build up, and your paychecks just aren’t covering your expenses, it can seem easier to let the bills pile up unopened and to avoid actually dealing with it. But then, the best thing to do is to set aside an afternoon, sit down, and go through everything. Remember, there are always options for dealing with debt. Don’t be afraid to speak to someone at your bank. They will be more than willing to speak to you about options you may not have thought of. Or, you may consider refinancing a current loan. If you have a student loan that’s causing you stress, several companies will give you a new loan at a much lower interest rate. At this website Elfi, you’ll find an example of a refinancer that offers some of the lowest rates in the country.

3. Think of the small things that add up

Think of the small things that add up.

Start to think carefully about each purchase. There’s almost always a cheaper option, which, while sometimes less convenient, will save you a significant amount in the long run. If you’re the type of person that buys coffee every day, make the extra time in the morning to make one at home and take it in a reusable cup. If you have the option to take a cheaper mode of public transport and you aren’t in a rush, opt for that. If you need to purchase a new outfit for an event, don’t turn your nose up at second-hand stores or websites. Start using sites like Groupon for other deals. There’s an almost infinite number of things you can do to cut down on small daily expenses.

Read Also: How to Use Your Assets to Create Cash

What Does a Payment Gateway Do?

Payment Gateway

Anything sold online will require the use of a payment gateway. After a product has been selected and the customer decides they want to buy it, somehow, their financial information needs to be exchanged so they can be billed and the seller can get paid. That’s exactly what a secure payment gateway is meant to accomplish. These processors use advanced cryptography methods to ensure that customer information remains confidential, but the seller can still receive their funds. Without a payment gateway, there are no payments, plain and simple. How exactly does a payment gateway work, you ask? Well, here are the main aspects of what any processor gets up to:

Authorization

This portion doesn’t involve any actual transfer of funds whatsoever, but instead concerns itself with ensuring that the funds are actually present. If the funds are there, payment will be authorized ahead of time. This allows businesses to get a product ready to ship or manufacture without the risk of being left high and dry.

Capture

Once payment is authorized, the funds will then be “captured.” At this point, the money goes from the customer’s bank account into the vendor’s merchant account. Capture can happen immediately after authorization or a few days after, depending on the merchant and payment gateway.

Sale

A combination of the two above transactions, a sale is an immediate authorization and capture of funds from the customer. Any service that’s delivered immediately (e-books, subscriptions, etc.) typically uses a sale transaction. A sale is perhaps the most common form of transaction done by payment processors, as fewer businesses are satisfied with being paid at a slightly later date than they were previously.

Refund

Should the customer be dissatisfied with their product and desire their money back, a refund can be authorized once everything has been discussed between the customer and the vendor. The same payment processor that made the sale will now reverse the transaction and put money back into the customer’s account.

Void

A void is very similar to refunds, but is done after authorization but before a capture. A voided transaction won’t be charged to the customer’s account. Voids are often used when a customer decides they would rather not get the item, or if a merchant’s stock of an item should unexpectedly not be able to meet demand.

Conclusion

These five transactions make up the backbone of any payment gateway. Each different transaction is treated differently by the processor, something that might reflect differently in your billing cycle for using their service depending on how they operate. Some payment gateways only take money when money is received, i.e., through capture or sale. Others, however, charge to perform refunds or even voids, so always be sure to know what your agreement is with any particular payment gateway. Any industry that deals with a high number of refunds should choose a gateway that won’t charge high fees to handle refunds, plain and simple. Besides that, mostly everything done by a payment gateway is fairly straightforward. But then, what you’re really paying for is their digital infrastructure that actually does all of the moving and shaking on top of the encryption of customer data.

7 Best Cities For Young Entrepreneurs to Live in 2020

You’re young and motivated. You’ve had the entrepreneurial bug ever since you can remember. The thought of working your tail off to make someone else rich completely demotivates you.

You want to work hard and reap the benefits yourself.

If this sounds like you, it’s time to look at the best cities to move to that will give you a leg up on your entrepreneurial dreams.

Here are the best seven cities in America to move to as an aspiring entrepreneur.

1. Oklahoma City, OK

You read that right. Not NYC. OKC.

Here, you’ll find a city with a median age of only 34 years old. In fact, 67% of the entire population is under the age of 44.

Oklahoma City has 1,842 young entrepreneurs living in the city, which makes up 13% of the entire population. The city has worked hard to bring in as many millennial entrepreneurs as possible.

You should be one of them. You’ll feel right at home.

2. Salt Lake City, UT

Salt Lake City is well-known for having a huge tech industry. As such, it’s a magnet for young entrepreneurs.

There are currently 1,973 millennial entrepreneurs calling Salt Lake City home, which is 17% of the city’s population. This will give you countless networking and idea-sharing opportunities to help drive your career forward.

You won’t go wrong by advancing your entrepreneurial career forward in Salt Lake City.

3. Denver, CO

The number of millennials migrating to Denver is well-documented. Today, almost 4,000 young entrepreneurs live in the city of Denver. They make up about 12% of the city’s entire population.

Millennials love living in Denver due to the active lifestyle the city brings. There’s always a lot to do on off times. Follow your non-work passions like hiking and skiing. Then enjoy the largest number of microbreweries you can find outside of Portland, OR.

4. Portland, OR

Speaking of Portland, it comes in as the number 4 best city for young entrepreneurs.

Currently, there are nearly 2,800 young entrepreneurs living in Portland, making up around 11% of the population.

Portland is known for celebrating the “weird” in its culture.

If you’re more of the series type, you can explore the Oregon Zoo which protects dozens of endangered species. You can also head to the Portland Japanese Garden or the Oregon Museum of Science and History.

5. Miami, FL

The number five best city for young entrepreneurs to live is in Miami, FL. In fact, overall Miami ranks at the top of the list for the rate of brand new entrepreneurs in a city, with over 560 for every 100,000 adults starting their own businesses each and every month.

Miami’s pollution levels and overall infrastructure are some of the absolute best in the country as well. Beyond that, it’s near the top of the list for venture capital money, with a total of $1.3 billion in investments in 2018.

With that said, if you’re already in Miami, but want to try out another great entrepreneurial city, contact Suddath Miami long distance moving company.

6. Minneapolis, MN

Trailing only Detroit and Chicago as the largest overall Midwest economic centers, Minneapolis has nearly 4,000 young entrepreneurs, making up about 11% of the overall population.

It’s also home to Fortune 500 companies and US Bancorp, Target and Ameriprise Financial.

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7. San Jose, CA

Deep in the heart of Silicon Valley, San Jose is known for successful tech entrepreneurs. Many of them are young entrepreneurs. In fact, nearly 2,200 work in the San Jose metro area, which makes up 11% of San Jose’s population.

San Jose is a global city, and is designated as a US Foreign Trade Zone.

Choose the Best City For Your Dreams

There’s never been a better time to pursue your entrepreneurial dreams. Choose the best city for you, then get the ball rolling!

Choosing the Best Broker for Your Financial Investments

Best broker for financial investments

Investing a portion of the profits is a practice that many businesses now follow. It not only helps to diversify the income stream but also offers a better return than merely placing money in a bank savings account. With this in mind, it is clear to see financial investment is a route to stimulating business growth and helping to maximize profits. The good news for any business owner is the sheer range of financial markets available to invest in. From Bitcoin to shares, FX and beyond, there are many ways you can put your spare profits to good work.

Before you do though, it is important to find the best financial broker to invest with. Most businesses now use online brokers for the convenience and ease of use they offer. But what should you look for before signing up with one?

Read Online Reviews

Whatever you decide to invest in, you need to find a broker that is honest and reliable. After all, it is your own money that is at stake. One way to find a broker you can trust is to use the internet and read online reviews. This will help you to see what services brokers offer and what real-life traders who use them think of the service provided. Online reviews are also helpful for picking up on any brokers who have a history of issues or problems. This top-notch etoro review shows why, and is an illustration of what online reviews can offer.

Check Out the Customer Service

This is a useful tip as you will want excellent customer service from the broker you choose to use. Efficient customer service ensures you will always get a prompt answer to any future problems and have any issues resolved quickly. Checking out how a broker treats its customers will also enable you to find out how welcoming their support staff are and how professionally they deal with you. This is simple to check as all you have to do is phone, email or use Live Chat on the broker site to make contact. If you find you can never get an answer or the staff who do so are rude, it is best to move on.

Make Sure They Are Licensed and Safe

Although making money is the main goal of financial investments for business, staying safe online is also essential. This is the major reason that choosing your broker carefully is so important. Have a look at any you are interested in to see if they hold the licenses and regulatory authority required to allow them to operate. Having such protection and a means of getting any ongoing issues resolved if needs be is vital. You should also make sure that the website is secure and uses the latest security SSL technology to protect your data.

Do Your Research

The main takeaway is to carefully research any broker you might choose to invest with before signing up with them. Doing so will help to protect your money and also your sensitive personal data.

Smart Reasons to Get a Loan for Your Small Business

Small Business Loans

Most business owners think about getting a loan for their small business at some point, though it’s something to be avoided if possible—until you really need it. There are plenty of options out there to secure that loan, from banks to private lenders and from payday lenders to friends and family. If you’re wondering if it’s time to check with one of these options for a loan for your small business, read on below for a few reasons it might be the right thing to do.

You Need Equipment for the Business

Whether it’s a document scanner app or a whole new set of computers, replacing equipment or adding equipment to a business can be an expense that requires you to get a little help. It’s a fact that your business needs equipment such as computers, IT services, and other machinery to make a go of it, and for it to continue to be a success.

However, take the time to consider the must-haves for your business, as opposed to the “nice-to-haves” before deciding to take out an equipment loan for the products you need.

You’re Looking to Expand to a New Location

There comes a time in every successful business owner’s life when they decide it’s time to expand their business. Signs that it’s time to expand include not having enough room for customers or having a ton more product than you do space for storage.

Before you look for a way to secure a loan, however, make sure to figure out how you will pay for this expansion in the long run. The last thing you want is loan payments coming due, and not having enough customers to make the money you’ll need to pay the payment. In other words, don’t rush into expanding without doing the research and creating the projections you’ll need to help make that expansion a success first.

You’re Trying to Build Credit for the Future

If you’re just starting out, it’s possible that you don’t have enough credit built up to be able to get the loan you want to expand or add more inventory to your business. A short-term loan is perfect for looking out for the future, as it helps you build the credit you need for that expansion when the time comes. There are quite a few ways that you can go about building your business credit, you just have to know where to look for them.

You Need More Employees to Run Your Business

When your business starts expanding, you’ll be wearing more hats. After a while, as your business continues to grow, you’ll need help with different things. Whether it’s hiring more employees for the front of the house in your diner or hiring a bookkeeper or someone to handle marketing, employing people takes money. This is something you can get a loan for, just make sure that you really need the employees and won’t have a hard time paying long term, before you apply for the loan and go on a hiring spree.

You Want to Add More Inventory

Inventory is what you offer your customers, and the more widespread your business becomes, the more inventory you’re going to need. Since inventory is one of the most expensive parts of running a business, it stands to reason that you might need a loan to be able to afford to add more inventory when the time comes. Create a sales projection to ensure adding more inventory is the right choice at this moment first, however.

These are just a few reasons that you might want to get a loan as a business owner. From expanding to hiring and from building your business credit to adding new equipment, these are concrete reasons to ask for a loan, and possibly get one as well.

6 Reasons Why You Need a Social Media Analysis From Net Base

Social Media

Struggling with your social media efforts? Are you wondering what’s a social media strategy?

A social media strategy helps your business use social media to achieve its goals and take advantage of the tools that are available to you.

Posting on social media without a strategy can be a waste of your time and efforts. Posting without a reason or goal in mind will get you little return from social media marketing.

Here are six reasons why you need to implement a social media strategy as part of your marketing efforts.

1. Strong Organic Presence

This one of the biggest reasons why you have a social media analysis. You’ll organically grow a presence online. You’ll have your social media posts planned ahead of time and have them scheduled.

This helps you post consistently so you can create a strong organic presence. Not being consistent is the number one problem that most businesses have with social media.

2. Save Time

Another benefit of taking on social media analysis is to save time. It’s bad enough that social media wastes a lot of time. Why wouldn’t you want to save time so you can focus on more important matters?

Coming up with a content calendar and posting content will be a lot of work at first, but you need to schedule your posts in advance so you can reduce time posting on a regular basis.

There’s no need to wonder what you’re going to write. You can determine what’s working and focus on the tasks that matter.

Read Also: Top Social Media Marketing Mistakes to Avoid

3. Hit Your Goals

Implementing a social media strategy allows you to hit your goals. You’ll tweak your social media efforts so you can work towards your business and marketing goals.

Having a strategy in place allows you to outline your goals so you can create posts that help you target those goals. You’ll also want to keep track of your social media goals so you have a bigger goal you can work towards and ensure that what you’re doing is working.

4. Target Your Audience

Target Your Audience

Social media analysis helps you reach out to your target audience. That strategy should include engaging with your audience using a combination of open-ended questions and polls.

You should also update them on new products or services and other relevant news. You should also create content that addresses your audience’s pain points and how you can solve that problem.

5. Create Better Content

A social media analysis allows you to see what’s working and what’s not working. If your social media strategy is in line with your goals, then you’ll continue creating that content that best resonates with your audience.

You’ll also take advantage of the latest tools and features on the social media networks. For example, you can create live videos on Facebook or Instagram.

There are several ways to create your own Twiter chats. It’s the perfect opportunity to get creative with your social media posts. Plus, you get to show your audience what you’ve been working on.

6. Get Ahead of Your Competition

One more reason why you need a social media analysis is so you can stay ahead of your competition. When your social media posts are planned out, you can add details that will put you ahead of other brands in your niche or industry.

A social media analysis helps you develop your brand story and voice, determine what’s working, and get familiar with your accounts. As a result, you’ll end up with consistent posts that provide value to your audience.

NetBase can help you get back on track with your social media efforts. We can help you implement a strategy that causes an increase in leads, conversions, and sales. NetBase has posted millions of social media posts every day for businesses in all sorts of industries.

How Do I Find Unclaimed Money for Free?

Find Unclaimed Money

Unclaimed money sounds too good to be true, and if you get a call from someone offering free money, there’s a good chance it’s just a scam. But there is unclaimed money out there, and if you go looking for it yourself, you can avoid those scammers altogether. Here’s everything you need to know about where unclaimed money can be found and how to search for it on your own.

How can there be unclaimed money anywhere?

No one would pass up a few dollars sitting on the sidewalk, so how can there be unclaimed money anywhere? It’s hard to imagine, but the truth is that life just gets the best of people sometimes. You may not notice a letter reminding you of a refund or don’t keep careful track of how big the tax refund you should be getting is.

Not only can people lose track during the course of normal daily life, but sometimes unclaimed money loses track of people. If you’ve ever moved, changed jobs, or gone from being a student to working full time, it’s possible that notices about your money never reached you.

What kind of unclaimed money should I look for?

Back wages or pension

A lot of people have unpaid back wages due to them or pension money they don’t know about. To find wages and pensions, you have to contact the Department of Labor. In both cases, you need the name of the person who might be owed money as well as the name of the company they worked for.

Bank and credit union closures

Most banks and credit unions are covered by the Federal Deposit Insurance Corporation, or FDIC. If these institutions should fail or close, any money you had in them is covered by the FDIC, and you can get it back. To look for this kind of unclaimed money, you need to hunt through the FDIC database.

State money and property

Every state has unclaimed money and property in stock certificates, insurance checks, bonds, unclaimed bank accounts, and lost checks. If the state can’t find the owners of these items, they are simply held in the hopes the owner eventually comes looking. To find this unclaimed money, you have to go directly to the state database for every state you’ve lived in.

Tax refunds

Sometimes the IRS owes people money but can’t find them. This might happen if you moved before a refund check could reach you or a refund was reassessed later than normal and you weren’t made aware of it. To find this money, you have to reach out directly to the IRS.

Mortgage insurance refunds

Anyone who paid for mortgage insurance through the Federal Housing Administration may very well be due a refund. If you never received one, you have to look through the HUD database with your case number to find it.

Uncollected inheritance

It is not at all uncommon for someone to be a named beneficiary in a will and be unaware of it. The lawyers for a deceased person’s estate will make an effort to find all the beneficiaries, but they aren’t obligated to keep looking forever.

Rebates and refunds

This could be anything from an unclaimed rebate on something you purchased a long time ago to a refunded portion of a utility bill. Unfortunately, these can be very difficult to track down.

Searching for missing money

Doing your own search for unclaimed money can involve more time and effort than you have to give. An unclaimed money search through a third-party makes it a lot more feasible to locate the money you’re owed. Without third party help, you have to go to every database on your own, and it can be easy to miss something important.

There’s around $60 billion in unclaimed money and property in the United States just waiting for the rightful owners to find it. Even if you think there’s nothing out there for you, you just never know until you look.

Money Management Tips When You are Injured and Out of Work

Injured

Being out of work due to an injury can be a very stressful time. As you work to recover from your injury, you must also find a way to make ends meet without your regular income. However, there are some things you can do to adjust your spending habits and potentially also generate income for your family. These small changes could have a big impact on your financial situation during this challenging time. Consider the following money management tips when you are injured and out of work.

Find out How You are Spending Your Money

Whenever changes to your financial situation occur, it is a good idea to sit down and evaluate where you are currently spending money. There will always be essential expenses like food, housing, and transportation, but you are likely putting money toward unnecessary items as well. Study your most recent bank statements and create two lists of expenses. On the first list, note all necessary expenses. This would include your rent or mortgage, car payment, utilities, and grocery bills. Next, write down all of the unnecessary expenses over the last month. This could include anything from movie tickets to new clothes, even salon appointments.

Add up both lists and compare it to the amount of money you have in savings. When you are injured and out of work, there is likely a discrepancy between how much money you spend on average per month, and how much more you are bringing in or have in savings. The most important thing is that you have enough money to cover those necessary expenses. Now that you know how and where you are spending money, you can begin to create a financial plan for the future.

Create a New Budget

When you’ve been injured in a car accident, it can be hard to predict when things will be back to normal, both physically and financially. During this time, you may need to make some difficult financial decisions. After making a list of how you spend your money, and being aware of your current financial situation, it is time to create a budget, and, more importantly, stick to it!

As previously mentioned, you will have a set number of essential expenses. You certainly can’t live without food, shelter, and utilities. However, there are things you can do to cut corners on these necessary costs. For instance, you can choose to eat more home cooked meals, instead of take out, and you can purchase your food with coupons or shop sale items at the grocery store. You can also make a commitment to not waste water or electricity while at home. These small steps could help to lower your costs significantly over the next several months.

Next, decide which unnecessary expenses you can do without. While this is never enjoyable, it may be the only way to make ends meet while you are out of work. Some changes may be easier than you think. Rather than spending on movie tickets, you can wait until the movie is available through rental services. Instead of a daily five dollar latte, you can learn how to brew your favorite cup of coffee at home, for much less money. You may decide that some of these non-essential expenses are still too important to give up. In that case, put a limit to how much you can spend on that particular item over the course of the month. If you must buy new clothing, for example, set a maximum limit that will still work within your budget. Again, with any budget, the most important thing is to stick to it.

Find Extra Ways to Bring in Money

Living with no income coming in can be a stressful and scary time. While you may not be able to work your full time job while you are injured, you might be able to find other ways to bring in money. First, assess your physical health. Perhaps your current job is not physically demanding, but the commute is a struggle. You may be able to work from home and receive all, or most, of your existing paycheck. Perhaps an injury is keeping you from working a physically demanding job, but you may still have the ability to work from home. Check local job listings for remote jobs, and consider working from home as a customer service representative or a virtual assistant. These are often part time, and may come without benefits, but they may be just what you need to cover your expenses.

If working is not an option, consider other ways to generate money for your family. Look through your home for all unnecessary or unwanted items. You can sell these through a yard sale or on any of the online sales sites. Not only will you make some extra money, you’ll be decluttering your house in the process! You can offer your services as a house or pet sitter, as well, depending on your physical ability. If you have a talent for crafting or art, you may also be able to put that talent to use to generate additional income.

Avoid Maxing Out Your Credit Cards

In a financial pinch, many people rely on credit cards to help get by. This may be a helpful option to help pay for holidays or an unforeseen expense. Unfortunately, it may take months before you can return to work, or years until you receive a settlement from the insurance company. Credit cards should be seen as a short term solution, but your financial situation may be long term. Consider spending on your credit cards only when you know you’ll be able to pay off the bill when it arrives. If not, you could end up in a worse financial situation than you were before your injury.

Consider a Pre-Settlement Cash Advance

While you are out of work due to an injury, you do have another option for financial relief. A pre-settlement cash advance is a form of lawsuit funding designed to provide financial assistance while you wait for your personal injury case to settle. The money is not a loan, but rather a non-recourse investment in your case. The provider of the pre-settlement cash advance is simply buying the right to a portion of your settlement once it’s received. Often, this money is provided risk free, which means if you aren’t awarded a settlement, you owe nothing.

The process to qualify and apply for a pre-settlement cash advance is simple. If you have a pending personal injury case, you are working with an attorney, and you are at least 18 years old, you likely qualify for funding. To apply for lawsuit funding, contact the pre-settlement advance provider who will request basic information about your case from both you and your attorney. An underwriter then reviews the information and can provide you funding fast, often within 24 hours!

Making changes to your spending and budget is never easy, but often necessary when you are out of work due to an injury. These money management tips, however, will hopefully help to alleviate some of the stress of lost income. Start by looking at where you currently spend your money, and determine which of these purchases are necessary and which are not. Next, look to make small changes, like using less water or making your coffee at home. Look for ways to bring in additional money, whether through selling some of your unwanted items or by taking on small jobs, if you are physically able. Avoid maxing out your credit cards, but consider other types of funding, like a pre-settlement cash advance. Soon you will be on the road to recovery—both physically and financially.