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Being Proactive Is One Of My Financial Well-Being Hacks
Cost of living expenses are not going down any time soon so what are you doing to ensure your financial wellbeing?
Seven months ago, I quit my job.
A year before I quit my job, I started planning my exit. I used my 9–5 income to fund classes I needed to prepare me for my next career. I also started investing more and saving more. I calculated how much money we needed in liquid form to get through at least six months.
Seven months ago, I did not anticipate a war, the pandemic to still be going on or that inflation would still be an issue.
The best thing to do when a situation is only getting worse is to look at your finances and make a plan for the present and the near future.
What does your present situation look like?
What does the near future look like if you do not make a move to increase your income?
Cutting back on your expenses can only get you so far. At the rate that prices have increased that may not be enough. What will you sacrifice by cutting back on your expenses? Will you be able to sustain your wellbeing by cutting back? I can’t.
Cutting back more for us would mean no fun. We enjoy eating out. Enjoy spending time with family and friends. We enjoy giving…
