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How To Get Back On Track With Your Finances

It’s easy to let your finances get out of hand, but it doesn’t have to be that way! If you find yourself in a financial bind, there are many things you can do to get back on track.

There is something for everyone, from cutting unnecessary expenses and reducing debt payments to getting more money coming in through side hustles or starting a business.

Here are some tips on managing your money to work for you instead of the other way around!

Create a budget

Start by creating a budget that includes all your expenses such as groceries, utility bills, entertainment costs, etc.

Then look at where your money is going each month to see if there are any ways to cut back without cutting out the things you enjoy doing or need for daily life.

This can be anything from taking public transportation instead of driving everywhere to canceling expensive cable packages in favor of free online streaming services like Netflix.

As much as possible, try reducing unnecessary spending until you’re living within your means!

One way to keep yourself accountable when saving money (or breaking bad habits) is by setting up text notifications with an app like Acorns.

You’ll receive alerts every time you make a purchase, and you can set the app to round up your purchases (i.e., if you spend $32.23 on groceries, Acorns will convert that amount into 35 cents and put it in an investment account).

If this seems like too much work for you, make sure not to carry around more cash than necessary and keep track of every cent that comes out of your wallet!

Find the best interest rates on loans, credit cards, and savings accounts to save more

If you’re paying more than the minimum payment on any of your loans, credit cards, or debts to friends and family, it’s time to negotiate a better interest rate.

Look into refinancing and consolidate all your different bills into one account with a lower interest rate if possible (or enroll in autopay).

Not only will this help reduce how much money goes towards repaying debt each month, but putting away even $50 per month can add up over time! Check out NerdWallet for information on where you should be saving your money.

High-interest savings accounts could earn you hundreds every year just by keeping cash at hand rather than letting it sit idly in checking accounts or spending irresponsibly.

Sell anything in your house that isn’t necessary

If you’re looking to save money, it only makes sense that the first place you should start is by getting rid of extra stuff.

Clothes and accessories can be donated or sold on websites like Poshmark, books can go back to the library where they belong, and kitchen appliances can take up precious space in your cupboards (or make a pretty penny if you sell them!).

By downsizing everything around us, we not only free ourselves from having too many unnecessary possessions but also create more room for what’s essential: traveling, spending time with family and friends.

If you’ve ever wondered how to make cash fast, one of the best ways is by selling some of your extra belongings!

You can sell electronics like cell phones and laptops to old books, furniture, clothing (especially winter coats), and even kitchen appliances.

Start making small investments

If you’re looking to save more money and grow your income, it’s time to invest! And not just in the sense of putting cash into savings accounts or buying stocks through ETrade — though these are both great options for saving too!

Start by making sure that you pay off all your expenses month-to-month, so there isn’t any risk of using extra money to make even more.

Then consider opening up an investment account (like one through Betterment) where you can deposit some of the extra cash that comes into your wallet each month.

Find ways to make more money by doing side jobs

These days, there are so many ways to make money on the side! If you’re motivated and feel like working for it (especially when times get tough), consider signing up for an app that will allow you to deliver food or do odd jobs.

If your schedule allows, you can also sign up with TaskRabbit; find tasks around town that fit into your timeline based on cleaning out basements to helping people move out of their homes!

The possibilities are endless here, but remember: never stop looking until you successfully land a gig that fits all your requirements.

Limit credit cards use

If you’re struggling to get out of debt, it might be time to limit your credit card use altogether. If this sounds a bit extreme for you, don’t worry!

The trick is not spending any money on them unless necessary and paying off the balance each month.

Not only can these fees add up quickly if you go over your limit or fail to pay your bill on time, but having multiple accounts with different companies also makes it much harder when applying for other loans such as car financing.

There are some options of credit cards for no credit, but keep in mind that credit cards are usually for emergencies, and it can lead you to a worse situation, so you might have to stick to cash or debit cards when purchasing items.

Always shop around for the best deals on food, clothes, and other necessities.

Instead of running straight to the grocery store every time you need something, why not take some time beforehand to look at flyers or online ads?

You might find that certain items are cheaper if purchased from another retailer! If it’s true that time is money, then maybe consider spending a little extra time each day looking into different prices so your wallet can benefit in the long run.

Similarly, when shopping for clothes or anything else that requires an upfront investment (like furniture), always try negotiating with businesses before signing any papers.


There are many ways to get back on track with your finances, but the most important thing is that you’re taking action! When times get tough, don’t give up and keep looking for new opportunities.

While it’s always possible to bounce back from a bad financial situation, it’s essential to always have a plan in place so that your money is working for you and not the other way around!


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About the Author

Kaya Wittenburg

Blog Author and CEO

Kaya Wittenburg is the Founder and CEO of Sky Five Properties. Since the age of 10, real estate has been deeply ingrained into his thoughts. With world-class negotiation and deal-making skills, he brings a highly impactful presence into every transaction that he touches.

He is here to help you use real estate as a vehicle to develop your own personal empire and feel deeply satisfied along the way. If you have an interest in buying, selling or renting property in South Florida, contact Kaya today.

Feel free to call me at: (305) 357-0635
or contact via email: