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31 Things To Do When You Have No Money

31 Things To Do When You Have No Money

When you have no money, what you got in your head maybe just tons of worries and insecurities. Is “what jobs should I apply?” the only question you have in your mind? Take a break and look at the following list with the 30 things you can do when you have no money! (This list of things may surprisingly enthuse you to proceed with your life!)

1. Join a contest like a beauty contest or fitness contest.

Take part in a contest which you can show off the best parts of yourself, be it a singing contest, dancing contest, fitness contest or beauty contest. These are all great choices as you can truly widen your horizon with the special experience, while gaining a bit of fame. Who knows if you may eventually be the champion?

beauty contest

    2. Baby-sit a child

    Looking after children requires your patience and concentration. Yet only a smile from a child can melt your heart and make you feel the time you’ve spent on him/her is rewarding. In fact, babysitting a neighbor’s child can be a part-time job for you to gain money.

    3. Perform in the street

    Do a mini magic show or an acrobatic show, sing a song or play a musical instrument in the street. Yes it takes your courage, but it’s worth a try if you’ve got a group of audience paying their time, or even a bit of money to watch your performance in the hectic streets.

    4. Join a carnival or any free festivals

    Not only can you have fun in such events, you get food and beverages for free. Sometimes you even get souvenirs! Sure they’ll forgive you for being a bit greedy since you’re out of money at the moment.

    cotton candy

      5. Take a video to put on YouTube

      Shoot for whatever theme and topic you like and put the video on YouTube. You’ll see how you create buzz on the internet with just a few-minute-clip. (By the way, if your video’s really widespread, you may get unexpected revenue from advertisements!)

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      6. Sell your old stuff

      You must have stuff which are no longer useful for you, why not sell them to have money in exchange? Just put your stuff on the online bidding sites like ebay or Amazon, or you can hold a garage sale.

      7. Build A Mobile App

      It takes you effort but no money at all to launch a mobile app. If you don’t know any technology but have the ideas, ask your friends for help! Develop an app, then put it on AppStore and Google Play, it’s easy to do. If the app you develop performed well, sure you’d feel proud of yourself and the downloads could earn you money!

      8. Grab your camera and take photos around

      Ordinary items can become interesting bits and pieces in your shots. Make good use of your creativity and imagination to shoot stuffs at different angle to amuse yourself.

      9. Enjoy some audiovisual entertainments

      If you don’t feel like going out sometimes, stay indoors and watch TV or play on your favorite music. The simplest things to ease yourself at home.

      enjoy music

        10. Find a way to express yourself

        Some like writing, some prefer painting, some fancy playing with a musical instrument, or even composing a song. Choose your own way to express your feelings. If you don’t mind, share what you’ve expressed with your friends or just on any online platforms too.

        11. Get yourself a new look

        You don’t need to pay to do this. Do the hair-dyeing and cutting yourself; search in the wardrobe for the old clothes and accessories and match a new delighting look for yourself.

        12. Decorate your room

        Rearrange the things’ settings in your room or even paint your room with left over paint. Then, immerse yourself in a new relaxing atmosphere.

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        13. Take a bath in a bathtub

        Right, I don’t mean a quick shower. Soak yourself in the bathtub and take a hot bath, comfortable and relaxing huh?

        14. Look through your old photo albums

        Take out your photo albums and have a stroll down on memory lane and recall the best of your memories.

        photo albums

          15. Play some sports like jogging

          Doing sports’ a free activity, just play your favorite sports. You shouldn’t let the pressure of lacking money go all over you, maintain a healthy body to move on!

          16. Start to cook

          If you know how to cook, just cook with whatever ingredients you have at home; if you don’t know how, browse for any simple recipes on the internet and start cooking. Besides the fact that cooking can be fun, you’re actually doing something for yourself with the food you’ve made.

          17. Play with your pets

          They don’t talk and may not understand you, but they’re always there and ready to make you happy.

          pet

            18. Start to plant

            While taking good care of plants could be a lesson, watching the seeds grow into flowers or fruits is an amazing experience.

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            19. Go to the public library and borrow a book or two to read on

            Reading requires your concentration and comprehension, so it forces your brain to exercise. Keep your brain active so you’ll have new ideas coming up always. Plus, you never know if you’ll find something fascinating that inspires you!

            20. Do some cleanings if you feel like so

            Clean up your own house and tidy up your clothes. It’s more than just literally cleaning up the places, studies have shown that a clean place relaxes people and facilitates thinking.

            cleaning

              21. Find your friends or people you want to connect with

              List out the people you want to meet; they can be your old friends, neighbors or teachers. Call them or meet up with them. Treasure the times you spend with these people, can’t just lock up your hearts all the time, right?

              22. Spend time with your family

              You should not neglect your family because they’re always standing by you. Hug your parents and spend some time hanging out with them.

              23. Meet new friends

              Join your old school’s reunions or big groups gatherings, where you can meet new friends and revive your interpersonal network. If you’re more of an indoor person, try meeting friends online; it’s fairly common nowadays.

              24. Write a letter to someone

              Pick up the long-forgotten pen and start to write a letter for someone you care about. Oh, what about a love letter to someone you’ve been having a crush on?

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              letter

                25. Get in touch with the nature

                Do you know that just 5 minutes doing something in the woods or even just in a nearby park can boost your mental health? Go hiking or go to the beach, take a deep breath there and feel the natural breeze to enliven your mind.

                26. Go fishing

                It’s definitely a great time-killing activity. You may have to wait for a long time for the fish to get hooked, but you’ve earned yourself some peaceful moments to think.

                27. Wander around your neighborhood

                Walk around your neighborhood and just observe what people do in the streets. It’s not necessary to have a purpose for walking around the city.

                28. Feed some wild animals

                Here I’m talking about legal feeding to the animals. Go to the park and feed the fishes with the tiny pieces of bread. The fishes’ chase and clash for the food could be a fun scene.

                29. Go to a flea market

                You don’t need to have something to buy to go there because there’s always so many things to explore in a flea market. Just walk around the flea market and look at all the interesting stuffs.

                30. Do some community services

                Voluntary work sounds like the least thing people want to do when they have no money, but nah-ah, it trains you and gives you confidence. While you can help people, you find your value in the community.

                31. Go to church or join a religious gathering

                Choose a religion that you’re comfortable with and join its gatherings. Just see how religion may move you.

                Of course I don’t want any of you to have no money, but if unfortunately it happened to you, try on the 31 things listed above and move on with your life!

                More by this author

                Anna Chui

                Anna is a communication expert and a life enthusiast. She's the editor of Lifehack and loves to write about love, life, and passion.

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                Last Updated on August 20, 2019

                How to Set Financial Goals and Actually Meet Them

                How to Set Financial Goals and Actually Meet Them

                Finances can push anyone to the point of extreme anxiety and worry. Easier said than done, planning finances is not an egg meant for everyone’s basket. And that’s why most of us are often living pay check to pay check. But did anyone tell you that it is actually not a tough task to meet your financial goals?

                In this article, we will explore ways on how to set financial goals and then actually meet them with ease.

                5 Steps to Set Financial Goals

                Though setting financial goals might seem to be a daunting task but if one has the will and clarity of thought, it is rather easy. Try using these steps:

                1. Be Clear About the Objectives

                Any goal (let alone financial) without a clear objective is nothing more than a pipe dream. And this couldn’t be more true for financial matters.

                It is often said that savings is nothing but deferred consumption. Therefore if you are saving today, then you should be crystal clear about what it is for. It could be anything like kid’s education, retirement, marriage, that dream vacation, fancy car etc.

                Once the objective is clear, put a monetary value to that objective and the time frame. The important point at this step of goal setting is to list all the objectives, however small they may be, that you foresee in the future and put a value to it.

                2. Keep Them Realistic

                It’s good to be an optimistic person but being a pollyanna is not desirable. Similarly, while it might be a good thing to keep your financial goals a bit aggressive, going out of the line will definitely hurt your chances of achieving them.

                It’s important that you keep your goals realistic in nature for it will help you stay the course and keep you motivated throughout the journey.

                3. Account for Inflation

                Ronald Reagan once said – “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hitman”. And this quote sums up the best what inflation could do your financial goals.

                Therefore account for inflation whenever you are putting a monetary value to a financial objective that is far away in the future.

                For example, if one of your financial goal is your son’s college education, which is 15 years hence, then inflation would increase the monetary burden by more than 50% if inflation is mere 3%. So always account for inflation.

                4. Short Term vs Long Term

                Just like every calorie is not the same, the approach towards achieving every financial goal will not be the same. It is important to bifurcate goals in short term and long term.

                As a rule of thumb, any financial goal, which is due in next 3 years should be termed as short term goal. Any longer duration goals are to be classified as long term goals. This bifurcation of goals into short term vs long term will help in choosing the right investment instrument to achieve them.

                More on this later when we talk about how to achieve financial goals.

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                5. To Each to His Own

                The journey of setting financial goals is an individualistic affair i.e. your goals are your own goals and are determined by your want to achieve them. A lot of times we get on the bandwagon of goal setting only to realize later on that it was not meant for us.

                It is important that your goals are actually your goals and not inspired by someone else. Take a hard look at this step at all the goals you’ve set for after this step, you will be on the way to achieve them.

                By now, you would be ready with your financial goals, now it’s time to go all out and achieve them.

                11 Ways to Achieve Your Financial Goals

                Whenever we talk about chasing any financial goal, it is usually a 2 step process –

                • Ensuring healthy savings
                • Making smart investments

                You will need to save enough; and invest those savings wisely so that they grow over a period of time to help you achieve goals. So let’s get down to ensuring healthy savings.

                Ensuring Healthy Savings

                Self realization is the best form of realisation and unless you decide what your current financial position is, you aren’t heading anywhere.

                This is the focal point from where you start your journey of achieving financial goals.

                1. Track Expenses

                The first and the foremost thing to be done is to track your monthly expenses. Use any of the expense tracking mobile apps to record your expenses. Once you start doing it diligently, you would be surprised to see how small expenses add up to a sizeable amount.

                Also categorize those expenses into different bucket so that you know which bucket is eating the most of your pay check. This record keeping will pave the way for cutting down on un-wanted expenses and pump up your savings rate.

                2. Pay Yourself First

                Generally, savings come after all the expenses have been taken care of. This is a classical mistake which almost everyone of us do. We pay ourselves last!

                Ideally, this should be planned upside down. We should be paying ourselves first and then to the world i.e. we should be taking out the planned saving amount first and then manage all the expenses from the rest.

                The best way to actually implement is to put the savings on automatic mode i.e. money flowing automatically into different financial instruments (for example – mutual funds, retirement corpus etc) every month.

                Taking the automatic route will make us lose control of our money and hence will compel us to manage in what’s left with us thereby increasing the savings rate.

                3. Make a Plan and Vow to Stick with It

                Budgeting is the best to get around the uncertainty that financial plans always pose. Decide in advance how spending has to be made.

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                Nowadays, several money management apps and wallets can help you do this automatically. It’s easy and who knows, you may just end up doing what people fail to do.

                At first, you may not be able to stick to your plans completely but don’t let that become a reason why you stop budgeting entirely.

                Make use of technology solutions you like. Explore options and alternatives that let you make use of the available wallet options and choose the one that suits you the most. In time, you will get accustomed to making use of these solutions.

                You will find that they make it simpler for you to follow your plan, which would have been difficult otherwise.

                4. Rise Again Even If You Fall

                Let’s be realistic. It’s not like the world will come to an end if you made one mistake. This isn’t called leniency but discipline.

                If you fail to meet your budget for a month, don’t give up the entire effort just like that. Instead, start again.

                Remember that flexible plans are the most realistic plans. So go forward and try to follow your financial goals as planned but if for some reason, the plan gets out of hand for you, do not give up on it just yet. This has a lot to do with your psychology rather than any material commitment.

                All you have to do is to stay on the road and vow to stay on it, no matter how much you fall down.

                5. Make Savings a Habit and Not a Goal

                In the book Nudge, authors Richard Thaler and Cass Sunstein advocate that in order to achieve any goal, it should be broken down into habits since habits are more intuitive for people to adapt to.

                Make Savings a habit rather than a goal. While it might seem to be counter intuitive to many but there are some deft ways of doing it. For example:

                Always eat out (if at all) during weekdays rather than weekends. Usually weekends are expensive. Make it a habit and you would in turn be saving a great deal.

                If you are travelling buff, try to travel during off season. Your outlay will be much less.

                If you go out for shopping, always look out for coupons and see where can you get the best deal.

                So the key point is to imbibe the action that results in savings rather than on the savings itself, which is the outcome. Focusing on the outcome will bring out the feeling of sacrifice which will be harder to sustain over a period of time.

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                6. Talk About It

                Sticking to the saving schedule (to achieve financial goals) is not an easy journey. There will be many distractions from those who are not aligned with your mission. And it would be rather easy to lose the grip over your discipline.

                Therefore in order to stay the course, it is advisable that you keep yourself surrounded with people who are also on the same bandwagon. Daily discussions with them will keep you motivated to move forward.

                7. Maintain a Journal

                For some people, writing helps a great deal in making sure that they achieve what they plan.

                So if you are one of them, maintain a proper journal, where you write down your goals and also jot down the extent to which you managed to meet them. This will help you in reviewing how far you have come and which goals you have met.

                Use this journal to write down all essential points such as your short term, mid term and long term goals, your current sources of income, your regular expenses which you are aware of and any committed expenses which are of recurring nature.

                When you have a written commitment on paper, you are going to feel more energised to follow the plan and stick to it. Moreover, it is going to be a lot more easier for you to follow you and track your progress.

                At this point, you should be ready with your financial goals and would be doing brilliantly with savings; now it’s time to talk about the big daddy – Investments.

                Making Smart Investments

                Savings by themselves don’t take anyone too far. However savings when invested wisely can do wonders and we are at that stage where we will talk about making smart investments.

                8. Consult a Financial Advisor

                Investments doesn’t come naturally to most of us therefore rather than dabbling with it ourselves, it is wise to consult a financial advisor.

                Talk to him/her about your financial goals and savings and then seek advice for the best investment instruments to achieve your goals.

                9. Choose Your Investment Instrument Wisely

                Though your financial advisor will suggest the best investment instruments, it doesn’t hurt to know a bit about them.

                Just like “no one is born a criminal”, no investment instrument is bad or good. It is the application of that instrument that makes all the difference.

                Do you remember we talked about bifurcating financial goals in short term and long term?

                It is here where that classification will help.

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                So as a general rule, for all your short term financial goals, choose an investment instrument that has debt nature for example fixed deposits, debt mutual funds etc. The reason for going for debt instruments is that chances of capital loss is less as compared to equity instruments.

                10. Compounding Is the Eighth Wonder

                Einstein once remarked about compounding,

                Compound Interest is the eighth wonder of the world. He who understands it, earns it… He who doesn’t… Pays it.

                So make friends with this wonder kid. And sooner you become friends with it, quicker you will reach closer to your financial goals.

                Start investing early so that time is on your side to help you bear the fruits of compounding.

                11. Measure, Measure, Measure

                All of us do good when it comes to earning more per month but fail miserably when it comes to measuring the investments; taking stock of how our investments are doing.

                If there is one single step where everything (so far) can go wrong, it is at this step – Measuring the Progress.

                If we don’t measure the progress timely, then we would be shooting in the dark. We wouldn’t know if our saving rate is appropriate or not; whether financial advisor is doing a decent job; whether we are moving closer to our target or not.

                Do measure everything. If you can’t measure it all yourself, ask your financial advisor to do it for you. But do it!

                The Bottom Line

                This completes the list of tips for you to set financial goals and actually achieve them with not so great difficulty.

                As you can see, all it requires is discipline. But guess that’s the most difficult part!

                More About Personal Finance Management

                Featured photo credit: rawpixel via unsplash.com

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