If we're not making money regularly or in a sufficient amount, there isn't really much need to be concerned about managing it, but there's plenty of other things to be concerned about.
If you're making just enough to get by, then any mistake in your frugal living plan becomes a big mistake because there is little or nothing to fall back on.
One of your first concerns should be making enough so that you have some financial resource to manage. It's priority #1.
If you don't make sufficient money, then it becomes a matter of money managing your life, and that's what you don't want. If you're going to be successful, you need to manage the situation, not the other way around.There are several approaches you can take to address the situation.
Let's look at ways of making enough money. One of the ways that worked for me was to start my own business. It doubled my income.
If your own enterprise is of interest to you, then perhaps there are small business ideas that you should be considering. Operating a full-time business isn't for everyone, but it can be a great opportunity for making money, so give it some consideration. Here are profiles of small business success that you might consider getting into. These are usually full time endeavors. Here are honest home based businesses that can be done full time or part time.
Whether you'd like to run your own enterprise and just be an employee, keep your attention focused on a recession proof business.
One approach to making money is sure to be on your list of possibilities - an online business. The biggest draw in that area is blogging. Lots of people would like to make money by blogging, but few understand the challenges involved. My preference is a website, but there are challenges there as well. In any event, if your heart is set on an online business, make certain you know what you're getting into before you start.
If your own enterprise isn't right for you, then there are other ways of making enough money. Look at how to make more money as an employee of another. While you have a job, you might as well take action to maximize its income.
I see hanging onto your current job as perhaps the most important way of making money. You have to maintain income if you expect to have any to manage, so let's look at how to keep your job before we consider supplementing our primary source of income with additional work.
Longevity on the job isn't always something you have control over, but if you're interested in hanging onto a source of income, even during downturns in the economy, I'd be looking for one of those recession proof jobs. They're out there, you just need to know what you're looking for.
Also consider telecommuting as a way of making money simply by saving more of it in the form of reduced expenses associated with getting to and from work and being at your place of employment.
If you're on solid ground with your primary source of employment, you might consider this list of money making ideas to supplement income from your regular job. There are also many and varied at-home work situations that you might consider, but first, let's look at the challenges associated with work from home opportunities.
If you're looking to supplement your income, then consider some of these work at home businesses as a starting point.
While you're looking at making money, I suggest you stay away from the part time work from home scams. The sad thing is that the people who most need the money are the ones that get taken in these scams.
Sometimes a second job is necessary to support your interests in making money to effectively address your immediate and longer term needs. If that's the case, you'll want to be aware of interviewing tips and start preparing to interview for that second job. You'll also want to review resume building tips and learn a little more about how to write a resume.
Some people sell things as a way of raising money. If you're interested in doing this, here are many ways to sell your stuff. There are four good reasons that would compel me to sell my stuff, but I'm not generally inclined to do so. If you're considering peddling your possessions, then you might want to read why for the time being, I'm keeping my stuff.
Frugal living helps you get the most our of your money, but you need to be focused first and foremost on making enough money regularly to meet your immediate needs and provide a cushion to fall back on if needs be.