This is a contributor’s blogpost …

 

Do you start to sweat a little when it gets to the end of the month? Are you stressing out over the thought that you may not be able to cover your expenses, or that there will be nothing left to save or invest? Well, don’t panic, because you are not alone! Luckily, there are some methods you can use to rectify this. Keep reading to find out what they are.

 

Log your spending

 

Yes, I know this is something of a golden oldie when it comes to money management, but there’s a reason for that. The reason is that it works because you know exactly how much is left in your account at all times.

 

 

What this does is it helps you temper your spending, so you aren’t right on the line once the end of the month comes. Try it! It won’t be something you’ll regret.

 

Use a round up app

 

Next, if you are totally rubbish at saving money, why not try an app that does this for you automatically? Yes, there are apps out there that round up your purchases and then deposit this money on a savings account.

 

You can then choose to invest out or to keep hold of it, so you have something to work with as the end of the month approaches. Some banking apps are even about to introduce this feature as well, so it really will be a super easy way to end the month with a greater sum of money.

 

Photo courtesy of Geralt via Pixabay

 

Consolidate your credit

 

Another way you can be more flush at the end of the month is by consolidating your credit. You can do this by contacting a company like consolidation.creditcard that can help you to put all of your debts into one single payment a month. This single payment is much easier to keep track of, not to mention that it’s more affordable. It enables you to have a much better grasp of your money.

 

In particular, consolidating credit is essential for folks who want to end the month with more money in their pocket because they aren’t in danger of incurring any late payment debts from their other providers. The reason for this is that the consolidation company pays their debts off, and then they end up only owing them.

 

Start a passive income stream

 

Lastly, if you are serious about ending the month with more money in your pocket, it can be helpful to investigate passive income streams.

 

A passive income stream means setting up your own business but without the hassle of employees or rolling stock to manage. The key idea with passive income is that you create a product that can be sold over and over again with minimal administrative work, thereby generating an income for you that you have to do little for.

 

Popular income streams include eBooks, especially how to guides, as well as downloadable artwork and printables, and smartphone apps. Read more about creating the latter here, and you will be well on your way to finishing each month with a tidy sum in your pocket.