How to Make Your Money go Further

How to Make Your Money go Further

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by Alan Jackson — 3 weeks ago in Development 3 min. read
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Having a disposable income is great, as it allows you to do whatever you need to, but making it last longer is even better.

For some, this is particularly difficult if you are overstretched or have high amounts of non-essential spending each month. So, how can you make your money go further or at least put in place steps to do so? Here are a few tips on how to start and get the most from your hard-earned income.

How To Make Your Money Go Further

Borrow What You Need To

If you are in the habit of relying on credit to make purchases here and there, it can be easy to let this build up as it is separate from your bank account.

Spending regularly by putting items on credit will increase the amount you’re borrowing and accumulate more interest than if you paid straight from your bank account.

Ideally, you should only borrow when you really need to, such as if you have big purchases to make that you can’t avoid or unexpected bills to resolve. By using short term loans direct lenders, you can choose an exact amount with flexible repayment terms to cover what you need, rather than borrowing a general amount.

If you get into the habit of only borrowing what you need for your situation, you can avoid regularly using credit and becoming credit dependent, which will have a negative impact on your credit rating. This will mean less of your income being used for credit repayments, helping it to go further.
Also read: How to Start An E-commerce Business From Scratch in 2021

Monitor Your Spending

As well as borrowing only when necessary, being mindful about your spending habits will ensure you’re keeping your expenditure under control. The last thing you want to do is continue spending without regularly checking your account balance.

The risk of doing so is using up your income too quickly and not being aware of how much you are spending. If you get to the end of the month wondering where all your money has gone, it could be time to monitor your spending and put a budget in place.


Review your bank statements or recent transactions and tally up how much of your spending is going on essential bills and how much is going on non-essential purchases.

Comparing your income and expenditure should give you a disposable income figure, from which you can determine a budget of how much you can spend each week. Controlling your spending in this way can make a huge difference and stretch your money across the month.
Also read: 11 best ways to Improve Personal Development and Self-Growth and its Benefit on our Life

Reduce Bills and Boost Savings

Another way to make your money go further is to avoid overspending on subscriptions and services you regularly pay for. If like many people you have multiple regular payments leave your account for things like TV subscriptions, music, e-books, internet package and other miscellaneous services, you may want to review how much this is costing you.

You may have items you pay for that you no longer use or at least very rarely use. See if you can find a better deal or cancel any you don’t need to free up more funds.

If you do this alongside reducing spending throughout the month, you can save more money for things you really need. Ideally, you should have an emergency savings fund alongside your regular savings, just in case unexpected situations arise. This way you can be less reliant on borrowing more money in the future.


There are many things you can do to help make your money go further. If you cut back on spending and increase available funds for saving, you can then choose savings accounts that will help grow your money effortlessly.

Identify the reasons for having less available funds each month and you can then start to enhance your income so that it lasts longer.

Alan Jackson

Alan is content editor manager of The Next Tech. He loves to share his technology knowledge with write blog and article. Besides this, He is fond of reading books, writing short stories, EDM music and football lover.

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