How to make sure you’re taking good care of your hard earned money

You’ve been slaving away trying to earn as much money as possible, each and every day, for what feels like forever. You’d think after working so hard you would have a healthy looking bank balance but when you look at how much cash in your savings account you just want to cry. There seems to be nothing left! Here are some tips to make sure you find a way to look after those hard-earned dollars.

The finer details

If you have a bunch of payments coming out every month, then make sure to sit down and read through all of the contracts you sign. That way you can know exactly how much is coming out and prepare for any otherwise hidden costs being spent in the future. Check the rates on your cards, and any high rated debts need to be paid off quickly, otherwise you’ll end up paying a lot in fees.

Open your bills

You need to see what money is going out every month, and if you just ignore it, then you’ll never really keep track of what’s going on. Yes it’s much easier just to bury your head in the sand when it comes to finances, but doing that means somewhere down the line you’re going to get a shock! The best thing to do is to face your expenses head on, then you can adjust your spending to ensure you’ve still got some money left sitting in your account.


Addressing your finances can be scary, but it’s the only way you’ll be able to stop overspending. Once you do address them, you can figure out a budget, which is essential if you think you’re bad with money. It’ll take a couple of hours each month to just sit down and work out what has gone out and what comes in. Taking a little bit of time will help you to understand where you are spending too much and how to change your habits to keep more of your hard-earned money for yourself.

Get your budget on track

Once you have sat down and worked out your expenses vs. your income, then you’ll need to come up with a plan to get things on track. If you want to save 20 percent of your monthly income, but your spending means you only keep around 5 percent then you’re going to need to make some changes. The first thing you should do when budgeting is ensure you aren’t overspending, then from there you can cut out some of the unnecessary costs. If you share the bills with your partner then get them involved, together you can figure out what to spend less on to ensure your finances get the boost you want.

Spending money is really easy to do, there are so many products and services we all crave in our daily lives. The problem is how hard we have to work to get that money in the first place. These tips should help you hold on to that hard-earned paycheck a little longer!