Need more cash-flow to tackle your finances?

If you've been working hard to “de-clutter” your credit card bills—by cancelling unused services and returning leased equipment, for instance, congratulations for beginning the process of restoring sanity in your finances!

Unfortunately, decluttering and economizing will only get you so far. Some people simply need to bring in more cash. 

If you’re self-employed, this is may be easy for you: either take on more work, or negotiate higher rates for your products and services by educating the client or customer on the higher value of what you have to offer.

If you work for a company, however, there are still ways you can free up more cash to get your financial house in order (without impacting your retirement investments). 

Here are a few:

Tip #1:  
Ask the payroll department at your workplace to redirect part of your paycheck to a new savings account you set up (ask your bank for an account that’s free of fees). Decide on the bare minimum you really need in your paycheck, then redirect the remainder. Use that growing savings account to pay down small debts.

Tip #2:  
Add up your discretionary expenses (eating out, buying home décor or clothes, ordering random stuff on Amazon) and for a designated period of time - say, three months, stop all discretionary spending. Eat at home, make do with the clothes you have, and forego those projects that require online buying. At the end of the 90 days, you’ll likely have more in your bank account to use toward paying off a bill or even eliminating a small debt.

Tip #3:  
Start selling stuff on Craigslist, Facebook Marketplace, or gazelle.com (for older smartphones & devices). Decluttering junk drawers, the garage, and/or your bedroom closet not only makes your living space feel more tranquil, the extra money will have a calming effect on your financial stress, too!

Tip #4:  Here's one you may not have realized was even an option: 
Call the credit card issuers you have now to ask for a 0%-for-one-year-rate, then create a plan to pay off your credit cards within that one year, Consolidate your other balances onto a single card and aggressively pay it off. This will save you monthly interest, but you must be disciplined enough to meet your goal in one year or less. Once your credit cards are paid off, your monthly cash-flow will immediately increase—which allows you to start making financial plans for the future: building an emergency fund, saving for a home, paying down student loans, and investing for retirement.


Tip #5:  This is my favorite!
Pick up a side hustle. For a few months, several times a year, or nights & weekends, take on small projects, a second job, or a side hustle like seasonal tax preparation, organizing and clean-up, helping a caterer with premium events or joining a Network Marketing Company with a product, program or service that you are passionate about. Recent reports say that 1 in 3 Americans has a side hustle—it’s just one way people are adding extra cash flow to their lives. 

Of course, finding more cash to eliminate your immediate financial headaches is only a part of the process of creating balance in your financial life (and other areas of your life, too). 
If you think working with a coach to keep you on track and accountable for results is something that would get you to a balanced life faster, I’m here to help.

Message me for more details or, better yet, schedule your complimentary discovery call to talk to me directly about how coaching might work for you.
 
In the meantime, here are some other resources for more information about the Oola Lifestyle:
 
ABOUT ME: I am a Certified Oola Life, Heath & Fitness Coach primarily supporting women over 50 who find themselves "single" again.
I equip and empower my client to go from stressed, overwhelmed and uncertain about her future to intentionally recreating her life, reigniting her hopes & dreams, regaining her confidence and turning her current situation into a plan for TRANSFORMATION so that she can enjoy a healthier, more balanced life of less stress, more vitality and greater purpose - one choice at a time.
Several of my coaching programs are based on the international bestselling book, Oola: Find Balance in an Unbalanced World, by The OolaGuys, Dave Braun and Troy Amdahl.  
Over just 10 weeks, with me and the OolaGuys as your instructors and mentors, you and I will work on every major area of your life including finances, fitness, family, field (career), faith, friends and fun. Together we’ll determine what’s not working for you and create a workable plan for lowering your stress, creating life balance, having more fun, and pursuing major life goals that are important to you in this stage of life. 
Ready to get your own Oola life? 
Contact me and let’s get started!