PLANNING for the month. Setting aside an amount for savings. Sticking to a tight budget. If you’ve been doing this, then you’re on the right track! If not, it’s never too late to begin. Today’s economy is probably the most challenging (to say the least). Just when things have opened post-pandemic, along comes an increase in commodities. But this shouldn’t hinder anyone from being financially savvy. Here are some helpful and realistic tips millennials (and even non-millennials) can practice.
1. Get rid of clutter! We’ve been built to believe that owning more stuff means having more. It isn’t always the case. Clutter occupies space and eats up precious resources. It also affects our mental health. Make it a habit to declutter, donate and recycle. The less you own, the more space you have. Most importantly, you realize how little you need to survive and thrive.
2. Have more than one source of income – It’s always prudent to have more than one source. If you’re employed but got a little business going on the side, awesome. Not sure what to do for a side hustle? Check out your interests and skillsets. Nothing is as sweet as earning from something you love to do. Take advantage of digital technology. With social media, payment platforms, and various apps on the rise, you can promote our side hustle at reasonable (start-up) costs. You can do it all without having to quit your job.
3. Gain experience – If there’s anything the pandemic and lockdowns have taught us, it’s the importance of being adaptable. We saw employees applying for jobs they’d never thought they’d do and thriving in them. We’ve also seen millennials doing jobs that were unrelated to their college courses but ended up enjoying and upskilling. Last but not least, we’ve also seen the not-so-young join the workforce and learn digital skillsets. The lesson is we have to be open to new experiences. Who knows where your skillsets may lead?
4. Be active – By now you know that going to the gym isn’t necessary to get a workout in. No space? No home gym? No problem! YouTube is full of workouts to cater to your preferences. Incorporate physical activity daily. It could be a full-blown workout or a good cardiovascular run or walk. Health is indeed wealth. And when you feel good, opportunities are easier to spot and grab.
5. Make budgeting a habit – Tracking expenses is a life skill. You may use an app or even go old-school by setting money aside in envelopes. Categorize – rent, utilities, internet bills, transportation, food, medical, savings, and emergency. Add to these categories as you see fit but make sure that you stick to what has been allotted per purpose/envelope. We prefer the old school envelope system (rather than keeping everything in a payment app) because seeing money taken out of an envelope gives you a sense of accountability and makes it harder to spend on something you didn’t plan on.
Jumpstart your life! Upskill and gain new experiences. Join a team of passionate and like-minded people just like you!
Begin an awesome career at NEARSOL.
Join the NEARSOL family!
NEARSOL is a US-based BPO and service company that offers clients custom-design solutions. It began operations in 2006 and has since gained a strong presence in the Latin American regions, the Caribbean, and the Asia Pacific, winning many awards for quality and service along the way. Most recent of which is its Great Place to Work-Certified™ Recognition.
The Great Place to Work-Certified™ Recognition is a global accreditation that tells stakeholders what employees think of the company culture. In brief, it says a lot about the happiness and productivity index in NEARSOL. The certification process shows that employees are satisfied with the working environment and that they trust the leaders.
Come and discover why our employees think we’re a great place to work!
Visit NEARSOL.US and apply through NIA, NEARSOL’s recruitment chatbot and personalized platform for the application process.
Visit our LinkedIn to learn more about our company and our global footprint./PN
