Frugal Living

Financial Enhancement Tactics That Work

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What are some of the most effective ways to achieve the age-old goal of having more money in your pocket? The good news is that as times change, so do tactics for enhancing personal wealth. Of course, there are no get rich overnight schemes, but there are many realistic, commonsense ways to earn a raise, find a better paying job, slice fat from the monthly budget, acquire fresh skills, downsize, and put an end to unnecessary spending. If you want to believe that financial independence is possible and augment your monetary lifestyle, here are some suggestions for getting started.

Get a Raise or a New Job

If you’ve gone more than two years without a raise, ask for one. If your employer turns you down, consider seeking a new job. Set a reasonable time limit for finding a suitable position, but begin looking as soon as possible. It takes at least a month to get an accurate feel for what’s out there. Don’t forget to bring your resume up to date and work with a professional employment agency that charges no fee for its services.

Make a Smarter Monthly Budget

What is a smarter monthly budget? It’s one in which expenses are as low as sensibly possible, and income levels are high enough to cover more than the total required outflow. One of the fastest ways of achieving this magic break-even point is to refinance existing student loans through a private lender. When you take part in a student loan refinance agreement, it’s possible to reduce immediate monthly costs by gaining access to more favorable rates and terms. In fact, it’s not unusual for people to slash as much as several hundred dollars off their regular cash outflow each month.

Learn Two New Job Skills Online

Whether you’re searching for a new job or not, try to add one or more worthwhile skills to your toolbox. Consider learning to code via an online tutorial. You can teach yourself a lot in six months. Additionally, think about earning certification as a teacher of English to speakers of other languages. You’ll spend about three months and a modest amount of money on the credential, but jobs are plentiful for those who have the ability to teach English. Other skills that virtually anyone can pick up in a short time include computer repair, website design, and resume writing.


Downsizing has a lot of definitions, but for most adults, it means living with less stuff, possibly moving to a smaller home, and eliminating unnecessary costs from your life, like club memberships and cable subscriptions. Be sensible about what you can do, make a written plan, and then set about achieving your personal downsizing goals.

Stop Buying Clothes for One Year

Just say no to new clothing. One way working adults save money is by freezing their wardrobes for a whole year. Most people are shocked at how easy it is to do this and still dress stylishly and professionally whenever the need arises. Start by digging through your closet and cleaning some older items you haven’t worn in several months.

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1 Comment

  1. People like to rag on 9-5s, but more than likely the majority of your income is going to come from your career. Focusing on that pays higher dividends than scrounging for side hustles and online surveys (I speak from experience).

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