Advertising
Advertising

5 Money Management Tips For Leading A More Productive Life

5 Money Management Tips For Leading A More Productive Life

If there is one thing guaranteed to raise your stress levels, it’s the money worry. Whether you’re under pressure to pay the mortgage or struggling to find the cash for that much-needed holiday, personal finance is one of the modern world’s biggest worries. Concerns over money can have a negative impact on your life, limit your choices, and impact your relationships with others.

However, armed with a little financial know-how it is possible to get a grip on your finance, and ensure your money is working hard for you, allowing you to lead a more productive life.

Advertising

1. Claim Back On Tax Allowance

If you are self-employed, you may well be eligible for a variety of tax benefits that you’re currently unaware of — anything you pay for which is necessary for your job — can be claimed back against income tax, ensuring you keep a higher proportion of the money you earn.

Travel expenses, work clothing and equipment, all qualify and if you work from home you’re even entitled to claim back the cost of electricity and internet bills if they’re relevant to your work — and by limiting the amount of tax you’re paying, you’ll have more money left over for investment opportunities.

Advertising

2. Keep A Record of Outgoing Expenses

    One way to ensure you’re getting the most out of your earnings is to keep a record of everything you spend — by monitoring your outgoings, you can gain an understanding of your finance which will stand you in good stead when it comes to the potential future investments, as well as ensuring the money you do spend goes as far as possible.

    Advertising

    It’s all too easy to unwittingly overspend, but by keeping a record of what you spend on a daily basis, you’ll have a better idea of where the money is going.

    3. Take Advantage of Savings Account Offers

    Once you’ve got a grip on your accounts, the next step is ensuring that you have a savings account which suits your needs. In the ultra-competitive field of high street banking, companies offer all sorts of interesting deals designed to get you to bank with them. High rates of interest will see your savings inflated over time, while other perks include air miles and luxury hotel accommodation — perfect for high-flying businessmen and women who travel the globe for work.

    Advertising

    4. Put Your Savings To Work

    If you’ve managed to save up a lump sum for the future, it’s important to make sure you’re putting that money to the good use. Whatever your position, there are plenty of opportunities to increase your savings through investment — bonds offer small but steady rates of interest, while if you’re looking for larger potential rewards, you might consider researching stock trading or spread betting.

    Although the risks are higher (and it’s possible to lose money as well as make it), by studying market movements, you can gain the knowledge required to earn substantial profits, taking advantage of benefits including tax-free profits and 24-hour trading. By learning how financial markets work, using the wealth of market-insight resources available from websites such as Market Watch, Reuters, and CMC Markets, you can try to grow your savings pot and turn a profit on your existing capital.

    5. Research Crowdfunding Opportunities

    Another possibility for investment which you may want to consider is crowdfunding — raising money for projects by presenting investment opportunities to a large number of people, offering significant opportunities with limited risk. Not only does crowdfunding allow you to begin a business venture with a reduced capital investment, it can also increase the profile of that venture as investors spread the word — and if the business is successful, everyone’s a winner, as those who have a stake in the business will receive a proportion of the profits!

    Those are five of the best money management tips to incorporate into your routine. Give it a try!

    More by this author

    Tom Willis

    Web Marketing & Content Producer

    7 Inspirational Rules for Achieving Your Life Goals 5 Digital Marketing Tips For Growing Your Website in 2017 Are You Doing Your Part for Ecotourism? Travel is Key to Building Social and Emotional Life Skills Train Journey 11 Travel Hacks That Will Save You Time, Money and Stress

    Trending in Money

    1 40 Healthy And Really Delicious Meals You Can Make Under $5 2 Life Insurance: A Secure Way To Protect Your Future. 3 How To Save Money On Groceries: 13 Quick Tips 4 10 Investment Tips For Beginners 5 Top 6 Hacks on How To Build Credit Fast

    Read Next

    Advertising
    Advertising
    Advertising

    Last Updated on April 19, 2021

    40 Healthy And Really Delicious Meals You Can Make Under $5

    40 Healthy And Really Delicious Meals You Can Make Under $5

    Ever had those moments where you really wanted to eat something delicious and healthy but didn’t have the financials means to do so? Whether you’re a student or parent, this compilation of 40 great, healthy, and inexpensive recipes will make every night special and help you get fit! No more meals where you have to force the food down! It’s time to make that budget your best friend and turn it into great recipes. Enjoy!

    1. Fish Tacos in Crunchy Shells ($3.56 per serving)

    Is there a better way to end the day than a Fish Taco dinner filled with protein and nutrients and is easy on the wallet? This recipe calls for a boys’ or girls’ night in front of a good movie or game.

    3080

      2. Mini-Meatball Noodle Soup ($3.43 per serving)

      We’ve heard of the delicious spaghetti and meatballs recipes, but imagine having that same meatball goodness in a soup? It’s like Christmas in a bowl. Healthy, warm, and only $3.43 per serving.

      3069_0

        3. Spaghetti and (Vegan) Meatballs ($2.13 per serving)

        Now it’s time to look at the traditional spaghetti and meatballs recipe, but with a little twist: vegan meatballs. This way, you can enjoy the Italian tradition without adding on the extra calories. I’m sold!

        3074_0

          4. Kabocha Squash and Lentils ($3.12 per serving)

          Absolutely delicious way to end the day with a Kabocha Squash and lentils dinner. The beauty of this recipe is that you can actually make many other things from the mixture, from dips to full-on meals. All under $5 per serving.

          Photo-Oct-26-21-e1414441326306-225x300

            5. Baked Coconut Lentils ($0.91 per serving)

            Coconuts are always a good idea, but it doesn’t have to be eaten only for dessert or breakfast. With this great recipe, you can now eat a lunch or dinner filled proteins and a coconut twist. Yum!

            3077_0

              6. Easy Marinated Roasted Chicken ($3.40 per serving)

              We love chicken and at less than $5 per serving, we are in heaven with this recipe. Add some vegetables and rice on the side and you’ve got yourself a full meal!

              3078_1

                7. Organic Greens and Goat Cheese Gratin ($2.36 per serving)

                This is absolutely divine. You get in your healthy greens and your fat macros with this great recipe. Takes only a few minutes to make and it’s easy on the wallet. Bon Appetite!

                Advertising

                3068

                  8. Beef Pot Roast ($3.22 per serving)

                  One word: perfect. This meal will warm your insides and fill you up with the high protein content.

                  3079

                    9. Fajita-Style Quesadillas ($0.43 per serving)

                    If you want to eat Mexican tonight but want to stay in your budget, this Quesadilla recipe is your best friend. It’s tasty and filled with healthy ingredients for less than a dollar per serving.

                    R172184.jpg.rendition.largest.ss

                      10. Fish Tostadas with Chili Lime Cream ($2.82 per serving)

                      Another great lunch idea for the busy days ahead. Prep this in the morning or the night before and you’ve got yourself a healthy and cheap lunch meal!

                      R131419.jpg.rendition.largest.ss

                        11. Beef and Black Bean Chili ($1.36 per serving)

                        Might not look like much, but this amazing chili is actually extremely healthy for you. The protein from the beef and the carbs from the black beans will fill you up in no time, and keep you full for a long period of time. Delicious and warm, just right for the winter!

                        RU193781.jpg.rendition.largest.ss

                          12. Crispy Fish and Peppers ($2.18 per serving)

                          Amazing recipe for anyone looking to change up their meals while keeping their macros in check and not going overboard on spending. Satisfies your crunch tooth (see what I did there?) and gives you all the protein you need to stay full and lean.

                          R150828.jpg.rendition.largest.ss

                            13. Vegetarian Gumbo ($1.50 per serving)

                            You have the perfect macro mix here with the carbs, fats, and proteins. At less than $5 per serving, you’ve got yourself a meal that will last for the whole week!

                            R058526.jpg.rendition.largest.ss

                              14. Mexican White Bean Soup ($0.99 per serving)

                              With the cold weather creeping in, it’s not a surprise that soups are coming back in style. This great Mexican White Bean Soup dish will keep you warm for winter without making a hole in your pocket.

                              RU191493.jpg.rendition.largest.ss

                                15. Black Beans with Mango & Cilantro ($0.38 per serving)

                                Mangoes make every dish a little bit sweeter, which is why we absolutely love this recipe. A normal rice and bean dish might be a little meh, but add the sugary taste of mangoes and you’ve got yourself a party!

                                Advertising

                                Black-Bean-Cilantro-Mango

                                  16. Bean Burritos ($0.71 per serving)

                                  If you’re having people over tonight and don’t want to spend too much time or money on food, this dish is a great option! You can even cut up the burritos into pieces and make finger foods while everyone’s watching the game or gossiping.

                                  IMG_4791

                                    17. Five-Spice Beef Kabobs ($2.43 per serving)

                                    The spices in this recipes add a delicious twist to the beef kabobs, which is definitely worth trying!

                                    RU173795.jpg.rendition.largest.ss

                                      18. Cornmeal Crusted Pork ($1.92 per serving)

                                      If you like the fried crunch but want to opt for a healthier alternative, cornmeal is your man. This healthy recipe will satisfy all your fried desires without making you pop open your pant’s button.

                                      R102170.jpg.rendition.largest.ss

                                        19. Chicken, Tomato & Cucumber Dinner Salad ($2.57 per serving)

                                        Easy to do, extremely healthy, and super delicious. A must-try!

                                        RU172118.jpg.rendition.largest.ss

                                          20. Lentil Soup with Beef and Red Pepper ($1.90 per serving)

                                          I can’t believe how cheap this meal is, especially for all the nutrients it contains. You can make a big pot on Sunday night and divide it into small portions to last you a whole week.

                                          RU202653.jpg.rendition.largest.ss

                                            21. Smoky Mushroom Stroganoff ($1.90 per serving)

                                            Craving pasta but not sure what to top it off with? How about smoky mushrooms with a twist?

                                            R131417.jpg.rendition.largest.ss

                                              22. White Bean Tuna Salad ($1.36 per serving)

                                              You can add this White Bean Tuna Salad in your sandwich or just eat it as-is for a quick lunch on a busy day.

                                              RU206151.jpg.rendition.largest.ss

                                                23. Sausage Eggwiches ($0.80 per serving)

                                                Who says you have to eat fast food to get an eggwich? This delicious recipe will give you an amazingly healthy eggwich for less than a dollar per portion. Can you say Breakfast?

                                                Advertising

                                                Sausage-Eggwiches

                                                  24. Baja-Cali Black Bean Salad ($1.17 per serving)

                                                  Great snack to add to a movie-night with friends. You don’t have to use chemically-processed salsas anymore, you can now use this homemade salad for your chip dips.

                                                  Baja-Cali-Black-Bean-Salad-1024x682

                                                    25. Gnocchi, Sweet Corn & Arugula in Cream Sauce ($2.24 per serving)

                                                    Italians always knew how to make carbs look good! This delicious Gnocchi recipe will give your lunch a whole new meaning. Easy to make and only $2.24 per serving.

                                                    RU173796.jpg.rendition.largest.ss

                                                      26. Vegetable Lasagna ($1.73 per serving)

                                                      If you were looking for a healthy lasagna, you’ve just found it. At under $5 per serving, you can fill yourself up right away without putting on the extra calories.

                                                      R090413.jpg.rendition.largest.ss

                                                        27. Fajita-Ranch Chicken Wraps ($2.05 per serving)

                                                        Don’t know what to make for lunch this week? How about delicious chicken wraps with a healthy ranch? This recipe will make all your lunches, even the quick ones, healthy and colorful.

                                                        R105114.jpg.rendition.largest.ss

                                                          28. Quinoa with Pan Roasted Brussels Sprouts ($1.24 per serving)

                                                          A dish that has quinoa and brussel sprouts can’t be unhealthy, it just can’t, which is why this dish is one to keep in the books. Easy to make, healthy, and will keep you full for a long period of time.

                                                          Quinoa-Brussels-Sprouts

                                                            29. Butternut Squash Chili ($1.04 per serving)

                                                            You don’t need meat to make chili now that you have this recipe! It’s 100% healthy, filling, and smells absolutely delicious.

                                                            Butternut-Squash-Chili

                                                              30. Fast Shrimp Bisque ($2.03 per serving)

                                                              Seafood doesn’t have to be expensive if you know how to do it right, and this fast shrimp bisque is a great recipe to try if you’re in the mood for some seafood!

                                                              RU170895.jpg.rendition.largest.ss

                                                                31. Chicken-Noodle Casserole ($0.98 per serving)

                                                                Looks divine doesn’t it? This super easy to make dish will satisfy all your taste buds without burning a hole in your wallet or adding a few extra numbers on the scale.

                                                                Advertising

                                                                RU161399.jpg.rendition.largest.ss

                                                                  32. Burrito Cups ($1.18 per serving)

                                                                  Entertaining someone tonight and don’t know what to make as appetizers? These burrito cups are a great alternative to chips or other greasy finger foods. All you need to enjoy it is a spoon and a cup.

                                                                  burrito-cups-1

                                                                    33. Lemon-Dill Shrimp & Pasta ($2.45 per serving)

                                                                    Another impressive shrimp recipe under $5 per serving. The lemon-dill twist adds a great taste to the dish.

                                                                    RU172115.jpg.rendition.largest.ss

                                                                      34. Potato Frittata ($0.87 per serving)

                                                                      If you want to eat potatoes for breakfast but still want it to be healthy, this is the recipe for you. At under a dollar per serving, this potato frittata will make you see potatoes in a whole new light.

                                                                      RU170901.jpg.rendition.largest.ss

                                                                        35. Grilled Pork and Pineapple ($2.67 per serving)

                                                                        Meat and fruits? Oh, yes. The juiciness of the pork mixed with the liquid sugar in the pineapple will make you wish you knew about it sooner.

                                                                        R104031.jpg.rendition.largest.ss

                                                                          36. Greek Honey-Lemon Pork Chops ($2.15 per serving)

                                                                          Another splendid recipe mixing sweet and salty for a healthy meal. Easy to make and absolutely mouthwatering.

                                                                          RU187523.jpg.rendition.largest.ss

                                                                            37. Jamaican Pork Stir-Fry ($2 per serving)

                                                                            You can add this healthy stir-fry to any dish as a side or amply enjoy it as-is for lunch or dinner. You can even make a wrap sandwich out of it if you’re in a rush to eat.

                                                                            RU170642.jpg.rendition.largest.ss

                                                                              38. Herbed Salmon ($2.49 per serving)

                                                                              Salmon contains a healthy dose of fats that will boost your metabolism, lower inflammation, and make you happier. At under $5 per serving, need I say more?

                                                                              R166367.jpg.rendition.largest.ss

                                                                                39. Five-Spice Pork Kabobs ($1.96 per serving)

                                                                                Exquisite recipe under $5 per serving that will most definitely awe everyone at your dinner party.

                                                                                R166368.jpg.rendition.largest.ss

                                                                                  40. Stuffed Sweet Potatoes with Mango-Black Bean Salsa ($1.24 per serving)

                                                                                  You don’t have to eat sweet potatoes alone anymore with this flavorful recipe.

                                                                                  stuffed-sweet-potatoes

                                                                                    Featured photo credit: Featured Photo Credit: 5 Dollar Dinners via 5dollardinners.com

                                                                                    Read Next