The 100-Day Challenge to Put Your Finances on a Better Path

The thought of improved financial health is something that everyone can enjoy. Especially in the current economic climate. However, the long road ahead can seem rather daunting. But what if you could make significant improvements in just 100 days? If that sounds good to you, keep reading on.

While you won’t suddenly become a millionaire over the course of 100 days, it is possible to make significant improvements. Aside from the direct benefits gained in the immediate future, it will establish winning habits for long-term success.

Step 1: Commit To Spend Money Wisely

There is nothing wrong with spending money. However, the need to make conscious decisions is undoubtedly greater than ever before. For starters, you should start using discount codes and price comparisons on all purchases. This can reduce your outgoings without making any sacrifices to your quality of life.

Meanwhile, you should familiarise yourself with these common culprits for overspending. When you actively cut out those bad habits, you will find that you have a little extra money at the end of each week. It should give you an extra source of confidence.

Step 2: Reach Out For Help

Only you can take responsibility for your financial health. Still, there is no need to face the journey alone. Firstly, debt help experts can help you regain control of difficult situations. From writing off unpayable debts to securing better repayment terms, the financial benefits are seen right away. Crucially, you will feel a weight of stress lifted from your shoulders.

Help can come from a range of additional sources, though. Simply calling your energy supplier to seek a better tariff can make a world of difference. Speaking to financial advisors about any schemes you may be eligible for should also help.

Step 3: Start Investing

The thought of investing can be scary, especially if your funds are tight. Still, investing has become very accessible in recent times as various investing apps are available. They allow you to monitor your progress from the palm of your hand. Moreover, it means that you can invest with minimal deposits. 

Thankfully, you do not have to dedicate hours of your life to research either. Simply find a successful investor and follow their trades in an automated fashion. Over the next 100 days, you should notice that your funds are growing quicker than a savings account.

Step 4: Start A Side Hustle

As well as investing, you could begin a side hustle. Home-based business ideas are plentiful. The best solutions are activities that allow you to monetise a hobby. After all, this removes the pressure to earn big money. Even if you earn an extra £100 per month, it will help your family fight back against inflation.

Moreover, there are many success stories where people have turned side hustles into their careers. If this happens to you, it could remove the ceiling on your potential earnings while also boosting your quality of life. And the next 100 days could be the start of that journey!