Boost your bank account in the new year
The start of a new year is a great time to evaluate your money habits and identify places where you can boost your income or decrease your spending. While the process can feel overwhelming, especially if you’re drowning in bills, you’ve got this – and we’ve got your back. We rounded up a wide assortment of great tips for all aspects of your financial life so that you can turn your dream of saving money into a reality. Believe it or not, just a few simple tweaks can help you get (and keep) more money in your pocket in 2020.
Ask for a raise
But first, be prepared to make a strong case. “Keep track of your professional achievements and how your work positively contributes to your organisation,” says Stefanie O’Connell Rodriguez, a personal finance expert and the author of The Broke and Beautiful Life. “The more specific you are and the more metrics, examples and anecdotes you can bring to the negotiation table, the easier it will be to build your confidence and support your ask.” It may also help to research how much your coworkers are making.
Buy gift cards at a discount, and sell ones you don’t want
Most of us have at least a few old, unwanted gift cards stashed away in a drawer. Leaving them unused is like throwing away money. Instead, turn them into cash by selling them online. Many of the sites that buy gift cards also sell those cards at a discounted price. This is a great way to save money on gift cards for yourself or others.