Grow Your Money

10 Tips To Do More With Your Money

Do more with your money

Do you always wonder how to do more with your money? Your income may seem little but if you know how to do more with it, you might actually be doing so much with your little income than you thought possible.

Having a minimum wage doesn’t necessarily mean that you are poor. It only means that you are not earning enough to spend money on whatever you might desire. There should be a way to spend money if you want to do more with your money.

Take a simple reality check. If you want to buy a pair of shoes, the prices of your shoe size in the market are as diverse as the colors of the shoes. You will always find shoes at a price your little budget can afford.

The difference in price doesn’t change the fact that they are both shoes that fits you.

Learning To Do More With Your Money

Nobody should tell you what to do with your money. After all, it’s your money. But when you live from paycheck to paycheck and it never gets to be enough for the things you really should have, then it’s ok if you should learn how to do more with your money.

Here are a few of the ideas that could help you in this quest to achieve more with the income that currently comes to you.

{1} Start A Budget

Having a budget helps you to do more with your money. How you spend money should be controlled by your budget. And when you have a budget, learn to stick with it. You can’t do more with your money if you can’t control what you do with the money.

Start budgeting now:

  1. Make a prioritized list of your values
  2. Set your important goals
  3. Define your income
  4. Determine your expenses
  5. Create a budget

{2} Pay Off Bad Debt

The real challenge with doing more with your money is maintaining your debt profile. You can’t do more with your money if you are in debt. Apart from your debt, there are other expenses that places a demand on your money.

TheBalance blog gave a much easy guide to follow in paying off your debt. You can follow this simple guide to offset debts and free your income to achieve more for you.

Here’s what TheBalance said to do if you have bad debt.

  1. Gather a List of Your Old and Past Due Debts
  2. Negotiate Settlements One at a Time
  3. Get the Settlement in Writing Before Making Payments
  4. Continue With the Next Debt on Your List
  5. Be Prepared to Pay More in Taxes When You Settle Debts
  6. Make Budgeting a Top Priority
  7. Stick It Out

{3} Stop Buying On Credit

When you start paying your debt, it’s not just enough. You need to also stop buying on credit. It’s not a bad idea if you limit your access to credit facilities. The best way to avoid buying on credit is not to resist the urge to use a credit card. But to avoid the temptation of having access to credits.

So, if you don’t have access to credit you won’t have the temptation to buy on credit.

{4} Start Investments

This one is sure proof on how to do more with your money. Investing your money increases the value of your money. And that gives you more money to achieve or acquire more things.

How to Start Investing for the First Time:

  1. Choose your investment approach in the stock market
  2. Open an investment account online
  3. Fund your account with an initial deposit
  4. You should also set up automated transfers of money to your investment account
  5. Then start Buying assets to build a diversified portfolio.

{5} Automate Everything

Think of things you can automate around the house or on the job to simplify how you do them. One of the ways to do more with your money includes cutting back on the times you spent doing things.

Here are some of the things you can automate:

  1. Automatic lights. (Sensor to turn on lights when someone enters a room)
  2. Automatic door locks
  3. Smart security cameras
  4. Automatic blinds
  5. Automatic heating and cooling
  6. Get Automatic Discounts from online shopping
  7. Organize Important Documents and Files
  8. Make Your Bills Pay Themselves

{6} Cut Your Spending

Everyone who thinks about doing more with their money will necessarily think of cutting spending on irrelevant things. That’s usually what Budget helps you to put into perspective, the things that you should be spending your money on.

Things to do to Cut from your Spending:

  1. Track your spending.
  2. Do cash purchases only
  3. Freeze your credit cards
  4. Have no-spend days
  5. Use discount codes and coupons
  6. Always shop with a list
  7. Remove your credit cards from online accounts to prevent impromptu purchases
  8. Cancel subscriptions you’re not using or that’s not necessary
  9. Make saving mandatory
  10. Consider total costs for any purchase

{7} Be Responsible With Money

Showing respect for your money is another way to do more with your money. When you think of what doing more means to you, it’s kind of stops you from abusing money with irrelevant purchases.

Tips To Become Financially Responsible:

  1. Live within your means
  2. Knowing and working with your budget is important
  3. Plan and Save for emergencies
  4. Plan and Save for the future
  5. Pay your bills and creditors on time
  6. Always check your credit report
  7. Learn how and when to shop for insurance
  8. Learn to control your spending habits
  9. Control your debt
  10. Shop smart and cheaper

{8} Find A Side Hustle

A side hustle will help you do more with your money. It’s like starting a business. But the difference is that side hustle can go along your main business or current job. And there are many side hustles you can engage with that are profitable enough to convert to main business in no time.

Best Side Hustle Ideas:

  1. Start a Dropshipping Business
  2. Begin Freelance Writing
  3. Become an Affiliate Marketer
  4. Be part of the Gig Economy
  5. Start Blogging
  6. Sell Information Products
  7. Become an Instagram Influencer
  8. Become a Virtual Assistant

{9} Use Financial Apps

Personal finance apps helps you master the basics by doing more with money. You can use the software to manage various aspects of your financial life from budget creation to debt management.

Top Personal Finance Apps:

  • Mint – Best Overall
  • You Need a Budget – Best for Debt Payoff
  • Personal Capital – Best for Wealth Management
  • Clarity Money – Best for Managing Subscriptions
  • Prism – Best for Bill Payment
  • Spendee – Best for Shared Expenses
  • EveryDollar – Best for Budgeting
  • Mobills – Best Visuals

{10} Get Financial Education

What you know about money may be the number one reason you could do more with your money. The advantages of getting financial education is as important as getting the money itself. What you know about money would make the difference between how you make the money and how you use it well.

Tips to help you become financially educated:

  1. Read Books on finance
  2. Read Magazines and Online Publishers
  3. Learn to Use Financial Management Tools
  4. Listen to Money Podcasts
  5. Take a Financial Literacy Course
  6. Become acquainted with Maths
  7. Read Government financial Resources
  8. Break Your Consumer Mentality


There are more than enough ways you can do with your money if only you know better. Sometimes it’s no just about how much, but how well the money can be put into more use. The main purpose of money is to amplify what you do.

Even though more money will amplify more, you could also do more with your money no matter how little it may be.

The most important key is knowing what to do with money to achieve more for you. Just as an accountant is trained to help account for money used from what is left, you can get trained on how to do more with your money from what you earn.

Chinedu David
About The Author: Chinedu David An inspiring writer with several years of experience in journalism, consulting and training. Worked with Success Digest magazine for over a decade. Founded MyStore - an online store in 2013. Trained several startup entrepreneurs in telecom sector, LPG (oil & gas), and on Cryptocurrency investment. A born again christian, who's committed to spreading the gospel of Jesus Christ with passion. Drop a comment below and he will respond to your query. He can also be reached via email: or Call/Text/WhatsApp: 07087770518
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