Want To Speed Up Your Savings?

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Saving up for things can take a long time – but what if you don’t have that time? Most people resort to loans in these instance, but this doesn’t always have to be the solution. Here are a few tricks that could help you to save up money faster and meet your savings goals.

Choose the right account

Putting your money in a high interest savings account will allow you to accumulate funds more quickly without contributing more money. There are some savers out there that offer as much as 5% interest. Believe it or not, there are even checking accounts that collect interest and pay rewards allowing you to earn more money in your main account – you can check out this site for the best banks for checking accounts. Online banks tend to be able to offer more interest as they have less overheads than brick and mortar banks.

Make temporary cutbacks

By cutting your expenses, you’ll have more money to throw at your savings. These cutbacks only have to be temporary until you meet your savings goal – the bigger the cutback, the quicker you’ll save money. Some people go to the extreme of downsizing their property or doing without a car for a few months. Other less extreme options could include budgeting your food shop, eating out less often, watching your energy usage and cutting back on unhealthy habits such as smoking and drinking.

Sell your clutter

Everyone has unused possessions in their home that could be sold for cash. The money gained from selling these items could go towards your savings. Consider old clothing, old books and reminders of past interests that you’re no longer into. You may be able to find a local second-hand store to sell these items or you could consider selling them online where you may be able to make more money.

Throw surprise earnings at your savings

Occasionally, we all earn money that we weren’t expecting. This could be money in a birthday card, a tax rebate, prize money for a competition or even money you just so happened to find on the floor. Rather than spending this money, invest this money into your savings so that you can reach your savings goal sooner – it’s money that you never planned to have, so you won’t miss it by putting it into your savings.

Collect spare change in a jar

You can also save up money outside of a bank account – you could use a piggy bank or a jar for collecting any spare change in your wallet. Some people manage to save up for vacations and Christmas presents simply by saving up coins and dollar notes. Make sure that the jar is sealed so that it can’t be dipped into unless you physically smash it open.  

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Taking Responsibility for Poor Decision Making on the Roads

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We all make mistakes from time to time. But making a small mistake on the roads can have drastic and even fatal consequences. So, it’s extremely important that you take responsibility for yourself and for others’ well being by always making the right decision before getting behind the wheel and by taking constant steps to improve upon yourself as a driver. Here are a few areas to focus on.

Poor Driving

There are various things that people can do which renders them a poor driver. Maybe you have been away from the wheel for a while. You might take to the road without glasses when you need a slight prescription. You may decide to drive when you are tired or have a weakened immune system. Each of these decisions can have potentially drastic negative effects for you and other road users. But there are steps that you can take to improve your driving. If you feel a little rusty, consider a few accompanied drives with a driving instructor. Always leave a pair of glasses in your car and never take to the wheel without them. Have a rest before long journeys. Take public transport if you feel unwell.

Driving Under the Influence

Driving under the influence is illegal for good reason. Drink and drugs are substances which significantly inhibit your behaviour and your decision-making abilities. By driving while under the influence you put yourselves and others at risk. If you are charged with DUI, you will need to seek legal help. A representative will survey your case and determine what is the best course of action for you to follow. If you face prison time, community service, or fines, you need to comply with these. Once time has been served or you have paid your fine, you can put the incident in the past and learn from it. You should also sincerely consider undertaking some sort of therapy or counseling that will help to prevent you from making this poor decision in the future.

Ignoring Issues With Your Vehicle

Many of us ignore seemingly minor issues with our vehicle. We will turn a blind eye to warning lights on our dash and convince ourselves that we will rectify problems later. But you need to tackle issues with your vehicle head on. Book in with a garage as soon as you notice a problem. Driving a vehicle that has problems can prove extremely dangerous, so you need to take on the responsibility of having it repaired as soon as possible!

These are just a few areas to focus on for now. What’s most important is that you always take responsibility for your own actions when taking to the roads!

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Could Your Side Hustle Be Serious?

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When you hear the word side-hustle, it doesn’t always sound that serious. It can sound like something you do when you want to try and kill your boredom, or as a budding entrepreneur. But it really doesn’t have to be boxed into either category. It can simply be defined as a passion that you’re pursuing. Or something that you’re working on to make extra money. Or, even, a career path that you’re building in your own time, with a hope that you’re going to be able to take things full-time in the future. And if you know that you have a huge passion for something that you’re doing in life, this could be exactly what you need right now. And yes, it could totally be serious. Here’s how.

Committing The Time

First of all, you need to make sure that you’re actually committing the time. Because if you’re not able to allocate any time in your day for your side hustle, it’s never going to get serious. And this is mainly because it may not even grow at all. So first of all, if you are committing the time to make this grow, then yes, things are definitely getting serious.

Getting A Return

And if you know that you’re starting to make money from this, it’s always a good sign. Sure, that return does then often mean that you’re going to put it back into the business. Because you may need to get more accurate manufacturing cost estimating and quoting or manufacture yourself, more staff, or just buy more stock. But the sign of making that money in the first place shows that this is getting serious.

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Building A Customer Base

When your customer base is starting to grow, and your customers love what you do, then you can also say that this is really starting to get serious. So you may be at the stage where you want to start allocating more time, effort, and attention to actually making something of this.

Getting Notoriety

From here, you may find that you’re starting to get traction with what you’re doing. Customers are loving what you’re doing, you’re making it into the media, and you’re really starting to take off. The more that your name and the businesses name is mentioned, the better. Because when you start to get noticed, it often means that your sales and media are going to skyrocket. So yes, this can be incredibly serious.

Being Able To Do It Full Time

And then, you may find that you’re at the stage where you realize that, yes, you can absolutely look to take this full-time. But it can be a tough climb until that point. Because you’re going to be working super hard in any free time that you have, and you’re going to be working hard at work. And something has to give. But when you’re making money and business is going well, you’ll be at the tipping point where you can walk away from your day job and do this full-time.

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