If you are already working, but you keep running out of funds, you don't need to give up all of life's luxuries. Get a second job, or think about some money making ideas from home and you can still enjoy life.

You don’t need to be making lots of money to be able to enjoy life, but spending a little less and earning a little more certainly helps!

When we find ourselves in a financial bind, one of the first things that we are told to do is tighten our belts. For some, this would mean no more luxury vacations abroad or trips to the theater, and fewer nights out at fancy restaurants. But for many others, this advice doesn’t really help. What if we are already living a fairly luxury-free lifestyle?  For many people, unless they are prepared to cut out essential expenses like electricity and food, they have already cut down enough. Bills have a habit of needing to be paid, and sometimes it is almost impossible to reduce them any further.

Indeed, even if you have been enjoying the occasional iced coffee or evening out with a friend, no one likes being told to live a Spartan lifestyle. Human nature being the way it is, you may live very frugally for a few months, but after a while you are going to need the occasional treat.

Sometimes we prefer to play it safe, even if it means lower dividendsCredit: Image: ntwowe / FreeDigitalPhotos.net It therefore may be more worthwhile taking a positive approach. Instead of “don’t spend,” how about “earn more”?  This way, you can still afford the odd treat without having to feel guilty about it, or having to sweat every time a bill comes in. Alternatively, you can invest the money and use it towards a more secure future altogether.

 There are various ways of making extra money. For example, if you have a particular skill or talent, how about giving lessons in it, such as private music or English classes? If you work in information technology, why not try making money using the internet? Or could you do something like party planning or hair styling?

When doing a second job, you don’t have to compromise too much on family time. The great thing about these kinds of jobs is that you can do them whenever it is convenient to you. Consult with your accountant about the tax implications of running a home business or having a second income. These opportunities do exist, and they can make your life a lot easier.

 By earning more, you can look forward to a better future – and enjoy that fancy restaurant meal without fear.

 For some useful ideas about managing your money when your income is low, read: http://www.infobarrel.com/How_Simple_Money_Management_Strategies_Help_You_Survive_on_Less_Money


Disclaimer: This article is for educational purposes and is not a substitute for investment advice that takes into account each individual’s special position and needs. Past performance is no guarantee of future returns.