How To Get Back On Top Of Your Money

financial life backWhether you have been raised to count all your pennies or have been brought up to spend everything that you earn straight away, we can all admit that sometimes our financial situation is not the best that it can be. It can be all too easy to take for granted having a stable income and the freedom to buy the things we need, which is why if we were ever faced with being laid off of work or another financially crippling situation, it may be harder to bounce back. In today’s unstable economy, it is more important than ever to look after your earnings, invest them and save them for a rainy day.

If you are struggling to make ends meet each month and are considering submitting applications for payday loans, then it may be time for you to take note of our tips on how to get back on top of your money management. By taking a long, hard look at your spending and budgets, you will truly be able to improve how much money you are able to save and reinvest for use in the future and in the event of an emergency situation.

Embrace your debts

While we understand that it may be scary to face up to the mounting negative numbers and the amount of debt that you are really under, the right moment to come to terms with your debt is when you are sorting through your finances. Remember that old saying ‘The first step to finding a solution is acknowledging that you have a problem’? This also applies to your debts. After you have assessed how much money you owe, only then can you begin to chip away and pay the debts off.


While it may not be glamourous or revolutionary, something that is a sure-fire way to keep your finances in a secure place is through budgeting. Budgeting teaches you to become more disciplined with your money and helps you stay on top of your incomings and outgoings.

Check your credit score often

Regardless of your financial situation and whatever fears you may have surrounding your credit score, there is no time like the present to change your ways. Make sure that you check your credit score on a reputable credit report website on an annual basis and then work towards improving it. This will ensure that you have a better chance of being able to purchase a house in the future and look for fast-track solutions in the future.

Tidy your accounts

Mistakes and accidents happen in almost every situation and one instance where you cannot afford to make one (literally!) is when dealing with your finances. Check your bank accounts regularly to make sure that your direct debits and standing orders are coming out and sign up to text or email notifications so that you know exactly what money is coming in or going out and when.

Get saving

One of the most typical rules when it comes to money is to save as much as you will need for 3 months in the event of an emergency, with some money specialists suggesting saving enough for 6 months. If you are particularly committed to saving, then why not try to set up a direct debit where you automatically move 10% of your earnings into a savings account. Over time this will build up a great pot of cash to fall back on in the event of an emergency.