5 Ways to Ensure You End the Year with More Money Than You Started With

Have you ever noticed how as soon as your finances are looking in good health something goes wrong and you’re back to square one again? Well, here’s how to make sure your situation improves by the end of the year!

  1. Save for a Rainy Day

Saving money isn’t just about giving yourself a nest egg for the future. Your savings should be there if something goes wrong, and you require money quickly. It’s something for you to fall back on during hard times. Emergencies that require spending can often take us by surprise, so you need to have savings to deal with them.

This means putting a little money aside each month when times are good. This is often the last thing people want to do, but you’ll be glad you did it when times get tough. It gives you an extra layer of safety and security.

  1. Stick to Your Budget

Over the course of a year, it’s not necessarily the big things that eat into your personal finances. It’s often the small example of overspending that add up over time to create a big overall overspend by the time the year is over.

To avoid this eventuality, you should make sure that you aren’t consistently breaking your budget. If you don’t have a monthly budget, set one. And don’t be tempted to break it now and then, because that’s how your finances get ruined. Be strict with Yourself.


  1. Make Money from Your Home

Your home is something that you probably don’t often think about using to make money from. But there are lots of ways in which you can use your home to draw in a little extra income to boost your finances. Just get creative and think about!

Firstly, ask yourself what you could do with your spare room. You might be able to rent it out to a lodger. This is not the solution for everybody, but if you don’t mind an extra person in your home, it can be a great revenue stream. Use your location too, If you’re near a train station, you could rent out your parking space to commuters.

  1. Try Trading

If you’re a little more adventurous and want to find new and exciting ways to make some extra money, you should think about trading stocks and shares. It’s a rollercoaster ride, but a lot of people can make themselves rich from it.

There’s also foreign exchange trading to consider, this is becoming more popular with people at the moment.

  1. Conduct Regular Clear Outs

Most people don’t realize how much money their junk and unwanted possessions might be worth to other people. Just because you no longer want those things, it doesn’t mean other people won’t be interested.

At least 2 or 3 times a year you should take a look at what you have in your home and have a clear out. We all amass a lot of stuff we don’t really want or need, so it’s always worth seeing if we can get any money for it! You’ll be surprised at how much you make.

If you follow these simple tips, you should definitely end the year with more money than you started with.


Anum Yoon is the founder and editor of Current on Currency. She loves all things personal finance, which is why you'll find her work all over the PF blogosphere.