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03-09-2020
Column: Accounting - INCREASE YOUR INCOME OR DECREASE YOUR EXPENSES
Column: Accounting - INCREASE YOUR INCOME OR DECREASE YOUR EXPENSES
The choice is simple; you will need to either increase income or decrease expenses. This fix is a little harder as you need to act now and make changes. The good news is small changes in every area may bring you the results you need.
Examine first the sources you receive your income from – commonly this will be through your wages or via government benefits.
If you are on wages, consider whether you are in a position to ask for a pay rise. This is going to be tricky as a lot of businesses are struggling right now but if you can deliver some tangible benefit to your firm then it’s worth a try. It may be possible to take on a special project that can lead to a ‘bonus’ payment. You may be able to simply put your hand up for some extra hours if they are available or secure some extra casual employment.
It’s easy to get into a rut if you are on government benefits but it’s always worthwhile reviewing your circumstance to see if you can return to the workforce in some capacity. Spread the word that you are l

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