With the economy free falling we can all use some tips on managing our money. Personally my financial situation has been in the toilet since my husband and I split up earlier this year. My income was cut in half and lawyers are sucking the rest of it away. I’ve started freelancing to offset this but it’s going to be difficult to dig out of.
The Simple Dollar contains articles with frugal tips and for debt reduction and management. Some recent articles have included; The Readers Speak Out: Their 25 Best Actions for Saving Money, Paying Others to Provide a Service: When Is It Frugal?, and Reduce, Reuse, Recycle: Uses for an Old Cell Phone.
Some of the lists for being more frugal annoy me because I was already doing those things before money was a problem. I don’t have cable, I don’t go out to eat, I use the library, etc. I am, however, retooling an a 12 year old website I have that I basically abandoned but that gets a considerable amount of traffic. I figure I should be able to generate some passive income from that.
So, are you worried about money? Are you looking for alternative ways to generate additional funds? Are you already applying some of these frugal tips in your own life?
photo credit: apes_abroad