I like to make new rules. I love to make new rules actually especially if it is improving my life and productivity. As much as I have lots of accounts and use them wisely, my paypal has no funds in it. I need to change that, just in case of an emergency.
So my new rule is my paypal account must have at least $40 in it at all times, and every 3 months, the amount must go up $20, then that increase shall be the new limit of lowest to be in thr account.
My method to this is to have money everyehere, just in case money is not available. Having money on paypal has its unique advantage and its also like having money on the fly.
The Money Tweet “#MT”: “#mm #MoneyMonday “Everyone needs to have disposablecash / side money for those rare cases, to buy or invest in something they may want or need ”
Today’s post is about, having disposable cash, yes that side money. When I say have disposable cash, I don’t mean really money to waste or to just give away, but an enhanced saving technique called “Side Money“. Everyone should have some side money put away on a regular. Better yet a skill to help them gain some side money, quite separate from your day job, or regular income. The skill set is quite endless, as it results from just about basically anything simple. Just something simple that you can do that might work out once in a while, but if it gain much income you might as well consider it another job. Examples of side money tasks are: volunteering, babysit, washing dishes, running errands for someone (LAZY), help fix something that is easy for you for someone, sweep, plow snow, wash someone’s car, cook and the list goes on. It’s all based on your willingness and where the opportunities are.
Either way back on topic, everyone should work on ways to develop an easy and non-illegal way to gain some “Side Money / Disposable Cash” once in a while. It’s just a smart move and notion gaining side money to do small things or save for something such a mp3 player you have been eye-ing and said to yourself if you saw it for a certain price, you can impulse buy with the side money. It won’t harm you, because that is the definition and purpose of “Side Money / Disposable Cash. It’s the kind of money that can go away or get lost and it’s just a minor detail. (*note: if your side money builds up to a significant amount, and you have bills, or short comings else where, it’s a smart move to start over from scratch building the side money and use that alloted amount to those bills or untouchable savings account if you can’t find anything to do with that money, or even just invest it) Things side money may cover is wanted or needed, a date, a new shirt, new sneaker, a small gadget, a fix for your car, household, or even a donation.
So start today by thinking of skills and opportunities you can get on to earn some “Side Money / Disposable Cash.
PS: Remember you can alway add bits of creativity in your research or use practical ways and techniques such as: returning, plastic bottles and glasses, selling on eBay, yard sale, bake sale, or selling things to a pawn shop.
Thanks for tuning in to Money Monday “Remember to always get your money right.”
Richardo
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A lot of people tend to spend money whether cash or credit and don’t account for their money correctly. Also people tend to claim they are saving but don’t see or measure their actual saving habits. The best way to measure and account for your money is by tracking and recording its movements. When I say this I don’t mean you have to go a take an accounting class, (via may be kind of boring to you) but just by creating a template or getting on form from searching google to track your spending and savings, you will know more directly and understand how well you manage you money. It is best you start doing this from early on and even teach your children if you have any or even a friend so they can practice better management skills.
I have learned by myself how to manage and account for my money at a very young age. I was doing this at the start of age 12. I just went a grab a blank notebook, and drew lines stating where the money is coming from, the amount of money, the date I go the money, what did do with the money, where did I spend the money or saved the money, who I gave the money, by just using simple addition and subtract signs, and balancing the total account every transaction.
In today’s economy the flow of money and managing it well is a vital skill to progress in your life. So start today by creating a method to track your spending and your saving.
It’s Money Monday,
Remember to get your money right.
RawMultimedia 