Smart Money Moves Anyone Can Make

Posted on 12/29/2025, 8:52:34 PM

Saving money is smart. Figuring out how to generate more of it is a wise move, as well. After all, money makes the world go ‘round, and, unless you are independently wealthy, you are going to need to figure out how to grow your funds. Read on to learn more.

Become a Landlord

One almost surefire way to make a continuous stream of income is to invest in a rental property. Find a home in good condition near a location that sees a lot of interest in rentals throughout the year. Consider places, such as universities or growing cities. Once you find a home, ensure that it is thoroughly inspected to understand the condition of the property before making an offer. While you can make money off the property, you do not want a money pit that you end up pouring more money into than it is worth.

Once you have found an ideal home, look for the right type of mortgage coverage. This is especially important if you are investing in a single home for the purpose of renting it out piecemeal. Consider HMO mortgages for this type of property. That way, you have the appropriate coverage as you venture into life as a landlord with a continuous stream of income.

Stop Paying Interest

Of course, you cannot realistically stop paying interest on anything you owe; however, you can make it a priority to pay off your high-interest loans or credit cards and reduce the amount of outstanding debt you carry.

Just as with the concept of saving, the best way to pay off your debt is to begin paying it off. There are different schools of thought regarding the best way to do it, however. Some people think you should pay a little bit on every debt you owe. Others believe paying the high-interest debt first is best. And still others think paying off the smaller bills first will help bolster your financial confidence so you continue paying.

Watch this insightful video from a financial expert to learn some of the best ways to pay off debt this year.

Save Your Money

You already know that you should save your money. Everyone from your parents to the talking heads on the latest podcasts and every influencer on social media is telling you to save money right now. But how are you supposed to do that?

The easiest way to save money is to automate it directly from your checking account into a savings vehicle. Whether that is a traditional savings account or a money market account, a work-sponsored retirement account, or something similar, the most important thing is to start. The general recommendation is to save 20 percent of your paycheck and put that directly into your savings account. Once it is set on autopay to yourself, you will not even miss it.

Now that you have some ideas on how you can be smarter with your finances, it is time to make some moves. Find rental property, the right mortgage, pay off debt, and save money to live the life you want.