If you can manage your financial arrangements; mortgage or rent payments, utility bills, car payments and can control
your spending so your monthly income is not exceeded then you have skills sufficient to look for ways to save or make money.
As
an example when I borrow money I will look at whether I have savings perhaps 3x greater. I am cautious and if I want to incur
debt I want to be able to cover myself should I lose my primary source of income. This is my preference. You should perhaps
consider whether a form of insurance associated with a loan to cover loss of income would be more appropriate for your needs.
A
personal example that has saved me money was to have my vehicle converted to run on LPG fuel. The actual vehicle can be considered
dual fuel since it retains the ability to run on unleaded petrol. However I do a daily commute of 90 miles and the cost savings
when running on LPG are considerable. Against the savings one has to consider the cost of the conversion was £1100 but
in one year the fuel cost savings more than paid the cost back. I have had 2 years savings since then. I have not observed
any increased servicing costs and reliability does not appear to have suffered. Time will tell if there is any adverse effect
on the vehicle from running on LPG but so far all is well.
Savings can be made everywhere. Avid
bookworms can utilise a public library to keep up with their reading material rather than pay full price for new books. Alternately
there are online vendors which offer discounted books for sale. Charity shops and car boot or church sales might also have
the book you are looking for. Conversly you can sell your old books you no longer want to raise some money. My local library
loans CDs, Video games, DVDs and Audio books. Even an hour of internet access can be had for free as long as you hold a library
card.
Review your income and expenditure. There are resources on the web that you can use to calculate your
finances and budget. There are lots of companies out there who want your business so shop around for the deal which suits
you. Follow up your ideas for making money but plan how much it will cost you to achieve any possible returns. Some great
ideas might not make you a vast amount of money in the short term but you might see
fruits of your labour in the long run.
