Carolyn J. Braden • 3 Minute Read
How to Stay Financially Healthy in 2024 and Beyond
If you feel as though your finances aren’t as healthy as they could be then now is the time for you to do something about that. If you don’t take action now then you may find that you end up struggling at a later date to meet all of your obligations. This is the last thing you need, so make sure that you take steps now to ensure your future.
Living within your means can help you stay financially healthy
Live Within Your Means
Keep track of your income in general and take the time to find ways to cover your expenses. If you can, try and set a budget for how you intend to spend the money that you have coming in. If you find it hard to track your money, because you are self-employed for example, then one thing you can do is look into getting a card reader.
A credit card reader is one of the best ways for you to keep all of your money going through your business account and it will also simplify things for you when the time comes for you to file your tax bill.
With online shopping, money can be spent quickly, but not necessarily wisely
Spend Wisely
Get into the habit of dividing up all of your expenses into different categories. Ideally, you need to have your needs, your debts, your wants and your savings. Try and set a percentage to one side so you can make sure that everything is covered. If you can do this then you will soon find that it is easier than ever for you to get the result you want out of your income, without compromising your budget going forward.
Teach kids how to save their “special earned” money by giving them origami money creations or a special piggy bank to keep it in. They always love to save the money origami (which also teaches them to hang onto money instead of spending it all!). See my origami money butterfly tutorial below or via my YouTube channel @carolynjbraden:
Free up funds to help you cover necessary costs more easily
Free Up Funds
If you are not saving up as much as you could, or if you find it difficult to cover your costs every single month then a good way for you to do something about this would be for you to free up your outgoings. Take the time to think about how you can increase your household income.
It may be that you take a few minutes of the day to find out if you can earn some extra money, whether it is through offering a dog walking service to some of the people in your area, or whether you simply try and open up your own business. If you can do this then you will soon see an improvement.
Too many loans can add up
Avoid Excessive Borrowing
Aim to borrow what you can afford to pay back. Try and take steps to manage the debt that you have and cut back on things where possible. If you need to buy something you can’t afford then you need to find ways to get around this. It may be that you look into alternative methods that allow you to pay back over time but at very low-interest rates.
Little things like this are great as they give you the chance to get what you want out of your life without having to worry about how you are going to stay healthy for the future. Things like this can make a major difference going forward.
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Carolyn J. (C.J.) Braden is the owner of Carolyn’s Blooming Creations is a regular contributor and editor for CBC. She has been featured in numerous media publications such as InStyle Magazine, on HGTV, on Bustle.com, and more. She is the author of the books Georgia McMasters in Amethyst Lake Cemetery, How To Be Yourself: 3 Ways To Help You Being You, and the illustrator for the children’s book Bridging Connections. She is a former classroom teacher that now dedicates her life to educating others on how to live their most healthy, creative and happy life. Learn more about her visiting our About Us page.
This is a collaborative post and may contain affiliate links. All opinions and ideas expressed in this post, however, are based on my personal point of view.