Wouldn’t it be nice to be ahead of the game? If you feel like you’re always living paycheck to paycheck, something needs to change. Being one month ahead on your bills can certainly make it feel like a weight has been lifted.
But how do you get to that point? Let’s take a closer look at how to get a month ahead on your bills.
Create a Solid Budget
First things first. You need a budget. In order to have a good budget, you need to track your expenses for at least two months. This will give you a better idea of where your money goes. Create a budget that works for you and stick to it. Having a budget will also let you know how much money you need to have to get one month ahead.
Drop Unneeded Expenses
Chances are when you track your expenses, you’ll see that you’re spending money on things you don’t really need, like TV bundles that cost over $100 per month. Look for ways to cut these expenses so that you’re saving money. For example, switch to a streaming service that costs $40 per month.
For one month, you will only spend money on things that are absolutely necessary. This means no spending on entertainment, junk food, fancy coffee drinks, etc. Take all the money you ended up not spending and use it to get a month ahead on your bills.
Sell Things You Don’t Need
A great way to get ahead is to sell the items around your house that you no longer need. You’d be surprised at what sells online. Old gaming consoles, books, figurines…download the eBay app and you can scan items to see what they’re selling for. You could also have a garage sale, sell the items in Facebook groups, or even on sites like Mercari or Poshmark.
Turn a Hobby Into Cash
Do you like to paint or make jewelry? Turn that hobby into a business by selling your creations through Etsy. You could also setup at a flea market on the weekends or sell through Facebook Marketplace. It’s like having a part-time job, but you’re doing something you love. The extra money can go towards staying ahead on your bills.
You don’t have to live paycheck to paycheck. With a bit of hard work and sacrifice, you can get a month ahead on your bills. This will take so much stress out of your life and allow you to focus on other financial goals so that you become more financially successful.