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If you’ve never heard it before, there is money to be made when you organize your life. If you are serious about turning your life around, you need to start thinking about boosting your organizing skills so you can change how you live.
Debt is a result of a disorganized way of living. You have been reckless with your spending without really considering if you can afford it or not. You spend your money on unnecessary things instead of putting it towards your savings or investments. This way of living usually ends up in impulsive buying that adds up to be quite a financial problem in the future.
There is much to be gained when you take a step back, think about what mess is in your life and start fixing it. Even if you have the best debt relief program or you have hired the number one company to help you with debt payments, you need to start taking control of your finances. That can simply be done if you organize your life.
How to make money by being organized
Apart from taking back control, did you know that organizing can also make you money to help pay off what you owe?
There are two ways for you to make money, you can either earn some or you can cut back on what you are spending. Here are a couple of tips on how you can organize your life and end up making you some extra cash to help grow your debt payment fund.
Sift through your closet and sell old items. We always have more than enough to wear. Take a look at your closet and you will surely find clothes and accessories that you no longer use. Some of them may be so last season or some them, simply does not fit you anymore. Get these out and sell them online. You can take photo of your clothing/accessory, go to Amazon or Ebay, upload the photo, put a competitive price and wait for buyers to get in touch with you. This can also be done with your bags and shoes. The rule in getting rid of things is this: if it had not been used for the past 6 months, sell it.
Get your designer outfits/possessions and consign them. If you have wedding clothes and other fancy items that you do not use all the time, you can choose to consign them. Have the pieces rented. You can actually go to a rental store and have your possessions consigned and you can split the profit with the owner of the store. This can also be done online.
Look over household items and have a yard sale. Don’t stop with your closet. Go through the attic, the basement and all your cabinets and see what you can dispose of. Set up a yard sale every weekend and earn some decent amount of money. In most cases, what you consider as junk is a treasure for someone else.
By organizing your items, you can actually declutter your life. Some people find much pleasure in getting rid of a lot of things because it allowed them to move in smaller homes. The beauty of that is you get to save a lot of your household bills. Tiny homes are getting the attention of a lot of people because they get to strip down to what they really need. They don’t have to worry about expensive bills every month because it doesn’t take much energy to light a small home or heat it up. That is another way you can make money by cutting back on expenses.
Benefits of organizing your money
There is also much to be gained, in terms of financial management, if you will organize your money directly. Organizing, as defined by Wikipedia, is when you rearrange something based on certain rules that you have set up. In this case, if you are trying to get out of debt, you need to identify the rules you will follow to help you solve that debt problem. Most of the time, it will involve budgeting.
If we are talking about organizing finances, the best way to do that is through a budget. Here are a couple of reasons why a budget can really help you out. These may not help you make more money but it will certainly keep you from wasting it.
Secures your priority expenses. Your priority expenses include home payments, debt payments and other costs that need to be spent for your survival. Your budget organizes your finances so that these can be funded first before you go to the unnecessary expenses.
Allows you to view where you need to cut back on. The danger in not having a budget is spending too much on the unnecessary expenses. When the important due dates come up, we tend to put ourselves in debt just to meet that obligation.
Provides a monitoring and implementation tool to reach your financial goals. If you want to buy something, you can simply shift your expenses so you can save up for that purchase. You don’t have to use credit just to get what you want.
In the end, you will realize that organization, like budgeting, is the answer to your financial troubles. It may take time to get used to but once you start, it will get easier over time.