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Money expert Anthony ONeal knows what its like to struggle to save.
An income boost is the best way to pay those bills with more left over.
He did it by taking courses that taught him marketable skills, includingnew tech competenciesand advanced soft skills.
Investing in yourself is the best financial decision you’re able to make, ONeal said.
Its about how effectively you’ve got the option to increase your income to boost those savings.
Embrace Financial Minimalism
Earning more will help you save, but you still need to control your spending.
Hes learned to question every purchase and to buy only genuinely essential things.
Resist Lifestyle Inflation
If youve ever struggled to make ends meet, you know that some upgrades are necessary.
As you earn more, think carefully about how you upgrade your life.
Avoid justifying too many extras just because it’s possible for you to afford them or youve worked hard.
Youve also worked hard to boost your income, and you dont want to splurge it away.
Start by paying yourself first.
Lay out the rest of your budget from whats left over, and you wont spend your savings away.
Find an Accountability Partner
Staying disciplined is almost always tougher alone.
ONeal recommended overcoming this challenge by finding someone to check in and report your progress with.
Imagine having someone who understands your financial aspirations and shares similar values, ONeal wrote.
ONeal advised meeting regularly to discuss your recent successes and setbacks.
These check-ins can help you stick to your goals and prioritize your progress.
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