Three Simple Ways To Reach Your Financial Goals

 

 

financial goals

When it comes to reaching your financial goals, it never hurts to find more ways – or better yet, simple ways – to make it easier for you.

That being said, here are three simple ways to reach your financial goals:

Save money with the first R in mind: REDUCE.

Admit it or not, most of us think that it’s enough to just set aside a fixed amount for our savings account. But you know what? This kind of mindset is actually makes us prone to spending more than we can only afford. Thus, you need to save money with the first R in mind: reduce. Reduce your car usage by purchasing your own scope (like those found at https://spottingscopereviews.net/) to go birdwatching at home. Reduce your electricity usage by switching your traditional bulbs into compact-fluorescent lights or light-emitting diodes. Reduce your water usage by turning your bath water into dish water or laundry water.

Budget money with the second R in mind: REUSE.

Aside from saving money with reducing in mind, you also need to budget money with reusing in mind – the second R. And no, this doesn’t mean you only have to use things that were already used by someone else. But yes, this means using things that were already used and using things that can still be used. Reuse those old newspapers and make them into a new art project. Reuse those old trees and make them into a new furniture project. This will not just make you budget more effectively when it comes to purchasing things, but also gives you the chance to display your own talents – without going overboard in spending money.

Invest money with the third R in mind: RECYCLE.

Aside from saving money with reducing in mind and budgeting money with reusing in mind, you also need to consider another important thing: investing money with recycling in mind – the third R. You see, recycling is more than just a way to get rid of things you need to dispose of. Recycling is a way to earn money, however small income it may provide you. Recycling is also a way to become responsible, especially when it comes to using things that might increase in value a few years from now. Recycle plastic and sell it in bulk or make something beautiful from it. Recycle glass and sell it in bulk or use it with plastic to make something beautiful from it.

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For the Handyman: Save Money by Not Buying Everything

oscillating tool

One way to save money is to purchase only what you NEED. You don’t have to buy everything all at once, you can start with the essentials and acquire the rest when you have enough savings.

This article is for the handyman who’s confused about what to power tools he needs the most. To help you put your money in the right way, here are the four handyman tools you’ll need for most of your projects:

Miter Saw

As a versatile saw, the miter saw allows the handyman to produce quick, accurate angle cuts and crosscuts. If you need a tool for cutting trim, then the miter saw got you covered. It’s needed in nearly all woodworking projects you’ll come across with.

Most quality miter saws are expensive, but you can settle with models priced around $80 and they’ll do the trick. If you have a few extra bucks, consider upgrading to a sliding miter saw which can cut wider wood pieces. Their prices start at $200.

Lithium-ion Driver

lithium ion driver

This lightweight power tool helps your cordless drill do their job properly. They usually cost less than $50, but if you want a better model, purchase one that costs $75. With it, you can drive 100 deck screws per charge efficiently.

What’s great about this driver is that it’s lighter than the usual nickel-cadmium-battery driver. Plus, it can hold a charge up to one and a half year! It also takes only 30 minutes to recharge.

These drivers can fit into tight areas and is a great go-to handyman tool.

Oscillating Tool

oscillating toolYou can purchase this tool for only $80 and after buying one, you’ll be glad you bought one. An oscillating tool can cut drywall, wood, and metal. It can also sand in tight spots, scrape paint, and remove grout. Seriously, the possibilities are nearly endless! Because of its numerous uses, it’s dubbed as a multi-tool.

It’s the jack-of-all-trades and that’s why you need it.

Now all you have to do is choose one out of the best oscillating tools on the market today!

Reciprocating Saw

Makita_JR3070CT_Reciprocating_SawBecause you can never have too many saws, you should check out the reciprocating saw. You can purchase one for less than $50 and it can come with various features like adjustable pivoting shoes and adjustable handles. However, unless you’re planning to use the tool frequently, then you don’t need those additional features.

Let your reciprocating saw cut quickly through drywalls, tubing, wood, metals, and more!

Handling Your Finances More Effectively

personal finance

When it comes to money, there are certainly no excuses.

Even if you are just paid on minimum wage, you can always find ways to make every penny count.

That being said, here are some ways to handle your finances more effectively:

Save more by making things at home.

Whether it’s a dough recipe that you made via bread machines at BreadMachineworld.com or a cleanser recipe that you made via juicers or blenders, you can save more by making things at home. You also don’t need to spend on lunch 7 days a week and 52 weeks a year as you can make your own lunch at home – healthier lunches even. You don’t even need to expend on people 3 days a week and 20 weeks a year as you can repair your own things at home – better things even.

Budget more by writing everything on paper.

Believe it or not, there’s just something about writing everything on paper – especially when it comes to your spending habits. You don’t even need to write an entire journal entry for it. You only need to write an entire list for it. This includes what you spent for the day, what you spent for the week, and what you spent in a month. Writing everything on paper will not just make you more aware on the things that you apparently can live without, but also make you more realize on the things that you actually can’t live without.

BONUS: Invest by learning more about things.

An investment in knowledge pays the best interest. And indeed, it does! Invest by learning more about things, ones that can help you learn about something you’ve only been interested about for quite a while and ones that can help you learn more about something you’ve always been passionate about for a long time now. Mind you, you will not just learn how to make other streams of income, but also learn how to be more disciplined when it comes to spending your money in the right way.

These are only some ways to handle your finances more effectively.

Always remember, you can always find ways to make every penny count.

All you have to do is consider making things at home to save more, start writing everything on paper to budget more, and begin learning more about things to invest – these and many other ways to make every penny truly count.