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Ten Money Tips to Help You Through 2023

Credit: Sarah Coonan

Set targets 

Start small. Make your first £100 and then repeat. The stage of life you’re in usually determines what type of targets you wish to achieve, but how you should always have a financial target you’re working towards.  

Plan!  

Here is where your time spent getting organized really pays off. Your spending plan, or budget, shows you exactly where your money comes from and where it goes. It is the best way to get the big picture of your finances. 

Don’t hide from debtors

Lack of communication never helps any situation. Even if you aren’t in the position to pay any debts you may have back, it costs nothing to speak up and keep the other party updated.  

Change your mindset 

What really matters is never the amount in your bank account, what counts most is your way of thinking towards money, especially the lack of it. When you’re low on finances, be particularly mindful of the things you say and your attitude towards yourself and others. It’s not easy to stay positive, but if you’re intentional and catch yourself when you slip up, 

Get an accountability partner

Once you set your financial targets, it can sometimes be difficult to stay focused and stick to them. Find yourself an accountability partner who you aim to be completely transparent with and who in return will be nothing but honest with you whilst keeping you 

Turn a hobby into cash 

Most times what you consider to only be a fun past-time often makes for a great source of extra income.

Don’t assume 

Don’t assume you can’t get that pay rise. Don’t assume you don’t qualify for that job. Don’t assume that the client doesn’t have the budget. The quickest way to lose money is through assumptions. 

Build relationships 

We know it sounded cool when Drake said “no new friends” but we’re leaving that song and mentality behind in 2022. Your next financial stream is in the hands of a person and the only thing standing between that is your ability to build strong relationships.

When you’re low on finances, lend a helping hand. 

Value is not only monetary. When you’re low on finances, do favours for friends and those around you. Favours are an everyday part of human social society. Politicians and businessmen and women use them as currency and executives use them to wield power. 

Take risks! 

In the words of Rick Ross, “scared money don’t make none.” No one (notable) ever became rich by playing it safe. Your favourite multi-millionaires and billionaires are ruthless, risk-takers willing to do whatever it takes to get what they want. Don’t leave that potential money-making idea in your notebook or at the back of your mind, feel the fear and execute it anyway.