Americans continue to live beyond their means. The average household has about $137,063 in debt. An estimated $16,883 of that is attributed to credit card debts. However, the median income per household in America stands at just above $59,000. With the cost of living rising faster than the incomes, we face increasing choices in how we spend our money. Being financially savvy is becoming much more important. Just as we should design a life plan and individual goals, this has never been truer when it comes to finances. Here are some great effective hacks to get you started.
If you are able to work from home, you can work from anywhere in the world. Of course, there are a few exceptions. But, for the most part, you are blessed with the skills and the type of lifestyle that allows you to travel and work. The term for this is “digital nomad,” and there are a few hacks that can make this lifestyle more financially comfortable for you.
Being able to work from home is an incredible freedom. While most of the working world is required to face rush hour traffic, show up at a physical place of employment, and adhere to a specific dress code, those who work from home have the privilege of avoiding these burdens. Pajamas can serve as acceptable work attire. Any part of your home can be your “office.” And your work day is largely controlled by you. However, as one might expect, benefits like these don’t come without some kind of downside.