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Are you struggling to make ends meet? Do you have more financial obligations than you can keep up with? If this is you, please note that you’re not alone in this financial mess.

The truth is, it really doesn’t have to be this way. There are a whole lot of things one can do to get past his/her financial hurdles and start building better ways to be financially independent.

In this post, I’ll be sharing a few tips that I picked up along the way that has helped me, though not fully but it has helped me more times than I can count. I hope this helps you too. so, read along as I share this with you;

In my country Nigeria, due to high poverty rate, it is more difficult to breakout or become financially free. Especially as an adult, no one needs to tell you that you are in a serious financial hurdle and you have more responsibilities to bare.

From trying to live up to expectations, paying several person bills, to financial responsibilities of families be it spouse, children, younger siblings and parents. These combined responsibilities could be overwhelming and easily suppress your earnings thereby resulting into some serious financial crises.

Let me say that one of the best ways to get past your financial hurdles is by creating a goal-oriented budget to stick to regardless of what comes after. Having a budget is really important because it helps you stay on track financially and allows you to manage your finances more effectively. A budget includes tracking your income and expenses and setting financial goals like cutting expenses.

One of the advantages of setting up a budget is that it increases our chances of achieving economic stability. How is this possible? Making a list of preference of your needs helps you stay organized and also allows you to spend money only on priorities, as research has proven that we spend far more on things we want rather than things we actually need. A budget would be a good guide to achieving this sense discipline.

Another advantage is that it helps in developing a good attitude towards saving. Cutting unnecessary expenses will directly increase our savings as we can now save some extra notes in our bank accounts that could be used for better financial related decisions.

Talking about the extra cash in our bank accounts, We can use it to invest in assets such as stocks, bonds, and real estate, this helps us to build up our wealth over time. Investing in these assets will help us achieve financial freedom and provide financial security for years to come.

Most importantly, when we get past our financial issues, it improves our quality of life. Financial security gives us the freedom to live the life that we want without worrying about money or how we’ll pay our bills. This gives us the peace of mind we need to enjoy life because we know that we have some money stashed somewhere.

Another way to improve on our finances is to adjust our lifestyles. I know we all want to follow the trends and match up a particular social status or impressions by buying the trendy things, be it clothes, wigs, footwear, gadgets, etc. I do too. But remember the saying “cut your coat according to your clothes”? We can’t sow a 3 yard coat when we only have 2 yards of fabrics, that would prove difficult, isn’t it? What we can do is use our 2 yards of fabric to sow the coat we wanted to our taste without spending unnecessarily. The bottom line is we are able to achieve what we wanted within the resources that we have. Once we can learn to adjust our lifestyles to suit our current finances, it would really surprise us how much we can get done with what we have.

Multiple sources of income is a proven way to hasten your journey to financial freedom. You’ll be surprised at how much control you can have over your life and finances when you have several sources of income especially when you stay true to your weekly, daily or monthly budgets.

There are different sources of income; could be a side hustle such as freelancing, digital marketing or other skills such as social media management, affiliate marketing, content creation etc. If there’s something you love doing; be it writing, designing, building websites, apps, etcetera, you can use that to generate additional revenue for yourself. It’s easier than you think. You just have to start.

While we are busy making more money, let’s always put it in mind to have an emergency fund kept somewhere. This would come in handy when we are faced with an unexpected situation. This is a safe and fast route to get past messy situations without having to borrow or run into debts as running in debt at every slight situation is a huge blow to your finance freedom. The emergency funds should only be used when we know that we are at the last resort where there’s no way out.

Finally, learn to track your progress. At each step, we need to be able to give an account of how our money was spent, what it was spent on and how much we gained. If for anything we notice that our resources is going out faster than it’s coming in, we need to go back to the drawing board and figure out what exactly is causing it. Tracking ones financial progress helps one to be able to identify ones strength and ones weakness. If buying outside the budget is your weakness, you can easily sit down and see how you can cut down your expenses in order to further curb any financial harm that may come into your saved money or investments.

Nobody wants to be held down financially, earning enough money to spend effortlessly is everybody’s dream.

Have you been faced with a financial crisis before? How long did it take you to sort it out? How were you able to get it sorted? Feel free to share your experiences with us in the comment section. Let’s learn together.