Increase Income
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In order to completely balance out those stressful, tight months, it is helpful to bring in more money. The best way I found to do this was diversifying income streams.
Bringing on more clients, working a side hustle, or a part time job are all viable options for increasing your income sources.
Add one in at time, but continue adding income sources so when one dries up you don’t have to worry as there are other opportunities to bring in money and your family won’t suffer.
It was the combination of these four secrets, a prioritized bare bones budget, reducing expenses, paying off debt, and increasing my income that stabilized my monthly budget allowing me to make serious progress towards my dream of seeing my husband graduate debt free.
A balanced income cuts the fear of the unknown into shreds.
Without fear invading your thoughts constantly, there is room for wisdom to break up the big money dreams into smaller, more manageable chunks and create a plan to achieve them with the surplus money.
I’ll share more in my next post about how to create and use your surplus income to reach money dreams quickly.
Do you have any thoughts about balancing your monthly income? I’d love to hear them!
Like this post? Check out all the rest in this Budgeting When Money is Tight Series
Hi! I’m Charissa. I’m on a mission to help hardworking women overcome money struggles and gain financial peace with a Biblical perspective so they can have the freedom to impact their families and communities. Ready to make some changes that will impact your finances in 2020? Click here to get a free worksheet to help you make it happen!