Saving money is one of the most difficult task for any one. Earlier we have discussed about 16 Best way to save money That Will Actually Make Your Life Better.

This is a guest post from Steven McMeechan, he is strategic marketing and communications specialist with over twenty years’ experience in senior marketing management roles across a range of industries including Information Technology and Financial Services. He works for Capstone Financial Planning and lives in Melbourne Australia.

Today Steven is sharing Powerful Tips To Help You Earn More and Save More In Life.


Life revolves around money whether we like it or not.

Unfortunately, not everyone has the same financial security as others to fall back on when things begin to get hard. If you find that you’re constantly struggling, this expert guide will give you some effective tips that can help you to make the most of your money.

Let’s take a look.

1# Create A Budget and Saving Plan

The first thing you need to consider when you want to save more in life is to create a budget and a savings plan.

A budget and savings plan should outline how much you need to budget for your monthly expenses, and how much over and above your outgoings you can afford to place into your savings account.

When implementing your newly developed plans, you’ll probably need to adjust your lifestyle. Some things to consider to help you save more money include:

  • Work on lowering your credit card debt as much as possible. If it’s not essential, don’t buy it on your credit card.
  • Shop when things are on sale. If you shop when things are on sale, you’ll find that your savings may grow. Even if it’s just an extra $5 a week. That’s an extra $260 that you could save each year alone.
  • Only buy things that are needed and not wanted. If you’re struggling with your current financial situation, it’s important to only buy necessities and dispense with luxuries. Splurging on expensive items when you don’t have the money can dramatically hurt your budget. Instead, avoid buying these items as much as possible. Once your finances are back in the black, you may find that you can afford those big ticket items without necessarily going into debt.

2# Use Technology To Your Advantage

Technology has paved the way for many new advancements, including the ability to create a supplementary income stream.

By using technology to your advantage, you may have the potential to generate an income working from home.

Here are just some ways you can earn more money online depending on your skills:

  • Become a professional writer and be hired by website owners to create content, blogs, and other text for their operations.
  • Become a website developer and design websites for a part time income.
  • Complete admin jobs for people who require additional help.
  • Transcribe documents or translate languages for people.
  • Start up an online business and sell home-made items.
  • Become an Uber driver.

All these and more offer potential ways to generate an income and to boost your savings. Websites such as or are great platforms that help bridge the gap between you and your potential new income.

3# Get your Superannuation right

Many people think that Superannuation is only important when you are about to retire.

However, your Superannuation starts working for you the moment you start working and contributing to your fund so it’s important to get it right.

When you first set up your Superannuation fund you may find that the default settings are set to a conservative or low-risk investment strategy.

There are many investment options available to you within the superannuation environment so it’s important to ensure that your fund is set up appropriately to your needs and circumstances.

As a general rule, younger people may find that a medium-to-high risk investment strategy is a wise option as this may offer a greater return.

In contrast, those approaching retirement may find a low-risk strategy more suitable as they have less time to make up any potential losses due to market volatility before they reach retirement age.

As always, it’s wise to seek professional advice from a qualified financial adviser before you make any binding decisions.

4# Invest In Life Insurance

Life Insurance is an important consideration, even for young professionals, young families, or anyone with financial dependents and a mortgage.

Essentially, Life Insurance provides you with financial support should you become unable to work due to sickness or injury, or will provide a financial payment to your family should you die unexpectedly.

Life Insurance comes in a number of forms including Income Protection and Total and Permanent Disability Insurance and can provide you with peace of mind that your financial dependents will be taken care of should you suffer a serious injury or pass away.
If you don’t have these protections in place, you may find that any savings you have in the bank will be short lived.

A financial adviser can help you to calculate the level of insurance that’s right for your needs. Some areas to discuss include:

  • An insurance provider should provide you with an Insurance Policy Document and a Product Disclosure Statement. Make sure you read these documents carefully as they will help you to determine whether what is being proposed is right for you.
  • Make sure you take out enough cover to accommodate mortgage repayments, existing and foreseeable expenses, as well as a buffer for unforeseen events.
  • Check to see how much your premium is and whether you can afford the cost each month. Your premiums may be adjusted upwards annually to accommodate inflation and other costs so it’s important to be aware of this.


When it comes to earning more and saving more money in life it’s all about how you approach it. By taking the time to utilize these tips you’ll be well on your way to making more money in life. So, are you ready to improve your finances?



Please enter your comment!
Please enter your name here