Budget Management 3.0

Okay, so you're starting to get your finances together

. You've got the whole use-cash-not-plastic thing down, you've set up a monthly budget, and you're paying something towards all your debts every month. But, it's just not enough, and you're still coming up short. You need to move to budget management 3.0 and find new sources and untapped pockets of cash.

Cash pockets

Monitor all of your accounts-your chequing, credit cards, lines of credit. Mistakes are often made that could add up to substantial amounts of money. Go back as far as you can with your statements. Check to be sure that you haven't been charged for purchases you did not make, double-charged (it happens), or billed for overdrafts that did not occur. Have these corrected. Reputable institutions will not only reimburse bona fide errors, but they will also often recalculate other charges or penalties and reimburse with interest.

Get rates lowered

Mortgage rates, credit cards, lines of credit. These rates are not written in stone. You can refinance your home over a longer period of time. Even if that costs you a penalty, sometimes you're in a financial straightjacket and it's the best option. Ask your credit card company to lower your interest rates-same with your banker. Explain to each lender that you are in financial difficulty, and need their help. They will be glad to give it to you-it's what they do, after all.

Consider a second job

If things are that tough, consider a second job. If you can, work from home. That way, you can also deduct some of your housing costs-mortgage interest, utilities-from your income tax returns for next year, and save yourself even more money.

Consider your assets

If these other tips are still not enough to make your ends meet, consider a car title loan. It's a good loan to make because it will help you improve your credit score, and you still get to keep your car. It's designed especially for bad credit, or a poor credit score, or bankruptcy. You can apply online, and have a response in as little as 24 hours for up to 40% of the wholesale value of your vehicle. Your loan can even be direct deposited for your convenience. And that could be just enough cash to help you squeeze through this financial tight spot. And the repayment plan is made to work for you, in easy monthly installments.

So, if you've got your budget fundamentals down, but still need a little boost to make ends meet, try these tactics to help you out.

by: Molly Wider

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