Lower Expense, Higher Revenue

Another way to assist your income versus expenses ratio is to protect the cash that you have. This means a multitude of things. Do your research. Don’t get involved with businesses that aren’t legitimate. If you have a question regarding a business, try checking the Better Business Bureau to see what they say about that business. Also, do your best to avoid scams. They say if something sounds too good to be true, it probably is.

Before working for a new company, check to see if they have a company website. Check reviews. You can also check company review websites to see what other people that have worked for the company say about them. This might help you figure out what companies are true to their word and which ones are fake.

When you do get paid, make sure that the bank or financial institution that you put your money into has a good reputation. Check and see what the financial gurus say about the bank. Watch the news. See if there is anything on there about the bank that you are thinking about joining and compare different banks to see which one will give you the most bank for your buck.

When dealing with any kind of financial transactions online, make sure that you are frequently updating your passwords. Don’t leave any sensitive information up on your phone and clear the cache on your phone to make sure that you aren’t welcoming any unwanted visitors. Make sure that you don’t share your passwords to these sites with others. Don’t give them to anyone over the phone, and don’t send the information to others in emails.

Do your best to keep your online transactions secure. Not only does this mean updating your passwords and not giving them out, but it also means not opening unfamiliar emails or texts. You work too hard for the money that you earn to just give it away to someone else, so do the best that you can to keep your assets safe. This can help you build your assets instead of having a stranger come in and slowly subtract them.

Physical cash needs to be protected as well. Do your best to keep your wallet and purse on you at all times while you are outside of the house. Try not to carry all of your money with you when you travel, and when you get home, don’t leave your wallet or purse out in the open. Put them in a personal area where only you or other members of your house can see them. If you are still worried that something might happen to your money when it is in your house, then invest in a safe. That way, you know who has access to your assets, and they are not easily taken from under your nose.

If you have change after going to the store, put it in a jar or container so you can avoid spending it. Do this every time that you come home. You might find that the change adds up, and eventually after the container is full, you can take it to your bank and have them change it out into bills so you have extra cash to pay for expenses or use for recreation. Remember every penny counts, so don’t just bypass your change because it doesn’t add up to something right away. Do your best to save it. After a while, you might see a significant growth in the money that you have on hand to use for expenditures.

Protect the money that you do have. That way, you can build on it. Try to do your homework on the companies that you get involved with and do your best to protect your online accounts. Avoid scams by minimizing interaction with emails from unfamiliar people, and place the physical cash that you have at home in a safe place.