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Even if you lose your high paying job and have to live on a lower income, it is still possible to increase your bottom line. This means you have more money in your account after you pay all the bills. There are a few personal finance tricks that can keep you living at your preferred comfort level.
Eat at Home
If you eat at home and cut your restaurant expenses, you may see as much as $100 in your checking account at the end of the week. If you don’t know how to cook, it’s time to learn some basic skills. Ask a friend to teach you or find a good online cooking site. Cooking is easier than you think, and you can eat the same meal you get at your favorite restaurant for a fraction of the cost.
Cut Up Your Credit Cards
You only need one credit card for emergencies. Dont’ even carry it with you. If you ever had to buy anything on credit, chances are you didn’t need it in the first place. Learn to pay cash for the fun stuff like new clothes or trips. If you can’t pay cash, then start a personal savings account and earn it the old-fashioned way.
Just Say “No”
Don’t feel guilty if you have to tell the 20 charitable organizations that call you nightly you can’t give to their causes. It does you no good to help others while your own income is in peril. Pick one favorite charity, and cut what you give them until things start to look up for you.
The simplest way to increase the bottom line is to never live above your means.