Happy New Year!

 
 

From all of us here at MoneyPantry, we wish you and your family a happy & healthy 2017.
 

 
 
 
 

Welcome to MoneyPantry

MoneyPantry is a personal finance blog with a focus on helping you earn & save more money.

 
We scour the world to bring you extraordinary and unusual, yet practical, ways of making and saving more of that all-important dough!

 

This is NOT a Get-Rich-Quick kind of site where we promise you the Sun and the Moon.

 

This is a blog for those of us who want a better financial life.

 

A blog for those of us who want to use our skills, knowledge and time as money making tools so we can get a side hustle going, make some extra money in our free time, save a little more of what we already have, pay off debt, and everything else that makes life a little easier and less stressful.

Free Money Tips

Our FREE (& practical) money tips include:
 
Work at home jobs.

Side hustles.

Unusual ways of making money online.

Practical ways of saving money at home, online, in the store & wherever else there is an opportunity to save you more.

Small business ideas.

Online survey sites that pay.

Cashback sites.

Real freebies and samples.

Great deals and discounts (and how to get more.)

And so much more...
 
If it can earn and save you more money, you can expect us to find it for you!

Personal Finance for the Rest of Us!

For a lot of us, just hearing the phrase "Personal finance" or "Money Management" is enough to make us run for the hills. Unfortunately, most personal finance blogs and books make PF much more complicated than it should be.
Sure, knowing how to manage your money is crucial if you want to live a less stressful life. But financial jargon make it so intimidating that most of us give up on trying to understand it so we can better our financial lives.

 

And that explains why so many of us have thousands of dollars in credit card debt, don't even have $500 saved up for the rainy day, fall behind on our mortgage and other loans, living paycheck to paycheck... But managing your money doesn't have to be complicated. What finally broke it down for me and helped me to truly understand (for the first time) what this all means, was a simple math equation.

 

Earn More + Spend Less + Save More = Better Financial Life

 

Make more than you spend. Spend less than you make. Save as much as you can. Of course, that's easier said than done! To achieve all of that, you need a plan...

 

A Financial Plan!

Whether your goal is to become debt free, increase your overall net worth, retire early, pay off credit cards or college loans, or simply to manage your money better, you need a plan of action. Here is one that makes it extremely easy to get started:

 

1. Take inventory

To manage your money better, the first thing you need to do is taking inventory. You need to first know what you got - how much you make, how much you save, how much debt you have, etc. Once you have an overall picture of your financial life (i.e, how much money and where it comes from vs how much money and where it goes to) you can then start making changes. You can either use pen and paper to take inventory, or you can use apps and digital spreadsheets to do that.

 

2. Set up goals

Once you knew what you're dealing with, you can set up goals. These goals can be short (pay off a small credit card debt), medium (save $2000 for a car down payment) or long-term (become debt free). For beginners, setting up small and easily attainable goals is a much better deal. Why? Because accomplishing short term, small goals, are easier and can give you a boost of confidence, giving you more motivation to keep going. Use small goals as stepping stones for reaching bigger goals.

 

3. Create a plan

The "plan" is your blueprint, your "how-to", for reaching your goals. For example, for the "save $2000 for a car down payment" goal, you have to save $200 a month for 10 months. But with your current income & expenses it's not possible. So you figure you have to create an extra source of income - a part-time job, a side gig. That becomes your specific plan for achieving that specific goal. Now go through every goal you set up & create a detailed, step by step plan for each one.

 

4. Take action

You can plan until the cows come home, but if you don't put them into action, your goals are just that... goals! You took inventory, created goals, and figured out what you need to do to achieve your goals. Now it's time to do the work. Following our example, you'd need to put $200 a month, for 10 months, aside for that car down payment. This has to be done no matter what - whether you have to start a side hustle, cut down on your entertainment expenses or give up daily Starbucks coffee.

 

5. Monitor & adapt

Life is crazy. Things don't always go as planned. Things can and will go wrong - the air conditioning unit stops working, the car breaks down, you get sick, the roof starts leaking - that's life. Things happen! You can either let it ruin your plan and goals, or you can do the right thing for your financial life. Which is to reassess your situation and make necessary adjustments so you can keep going. Needless to say, if you want to reach your financial goals, you need the second choice.

 
 
 

That's what personal finance at its core is all about. Sure, as with everything else, the devil is in the detail. But don't let the detail bug you down. That's why you have goals and plans for each one. Treat every obstacle as an opportunity for reaching another goal.

 

Once you get away from all the big words and industry jargon, personal finance becomes easy to understand.
And as you can see, the common theme here is making and saving more money. Just how do you make and save more money?

 

That's the part we're going to help you with. There are literally hundreds of ways to earn and save more money. We'll do our best to find and share all of 'em - from the traditional tried-and-true to the unusual and borderline crazy, and everything in between.

 

Our goal is to help you make and save more money!