Jehan Divecha - 5 Tips to Stretch Your Money as Everyday Expenses Increase
                     
Jehan Divecha - As inflation continues to rise, it can be difficult to 
stretch your money to cover all your everyday expenses. 
Whether you're a student, a young professional, or a family, it 
can be challenging to make your money last until the end of the 
month. In this blog, Jehan Divecha will explain five tips that can 
help you stretch your money as everyday expenses increase:
Create a Budget and Stick to It
According to Jehan Divecha, The first step to stretching your 
money is to create a budget that accounts for all your expenses. 
Start by making a list of all your monthly bills, including rent, 
utilities, and any subscriptions or memberships you have. Next, 
track your spending for a few weeks to get a better idea of where 
your money is going. Use a budgeting app or spreadsheet to 
categorize your spending and identify any areas where you can 
cut back.
Once you have a clear understanding of your expenses and 
income, create a monthly budget that you can realistically stick 
to. Make sure you allocate enough money for essential expenses 
like rent, groceries, and utilities, but also set aside some money 
for discretionary spending like entertainment and dining out. It's 
important to be honest with yourself about your spending 
habits and to resist the urge to overspend.
Find Ways to Cut Back on Expenses
Once you have a budget in place, look for ways to cut back on 
your expenses. Start by reviewing your discretionary spending, 
such as entertainment and dining out. Consider cooking more 
meals at home, cutting back on takeout, and finding free or low-
cost entertainment options, such as community events or 
outdoor activities. You can also look for ways to reduce your 
fixed expenses, such as negotiating lower rates for utilities or 
refinancing your loans to get a better interest rate.
Another way to save money is to shop smarter. Look for sales and 
discounts on groceries and household items, and consider buying 
generic or store-brand products instead of name-brand items. You 
can also take advantage of loyalty programs and coupons to save 
money on purchases.
Use Credit Cards Wisely
Jehan Divecha says, Credit cards can be a useful tool for managing 
your expenses and earning rewards, but they can also lead to debt if 
not used wisely. If you use credit cards, make sure you pay off your 
balance in full each month to avoid interest charges. Look for credit 
cards that offer rewards or cashback on purchases that you make 
regularly, such as groceries or gas. You can also use credit cards to 
build your credit score, which can help you qualify for lower interest 
rates on loans and credit cards in the future.
Plan for Emergencies
Unexpected expenses, such as car repairs or medical bills, can 
quickly derail your budget. To prepare for emergencies, set aside a 
portion of your income each month in a savings account or 
emergency fund. According to Jehan Divecha, Aim to save at least 
three to six months' worth of living expenses, so you have a cushion 
to fall back on if you experience a financial setback. 

Invest in Yourself
Finally, investing in yourself can be a smart way to stretch your 
money in the long run. This can include investing in education or 
training that can help you advance in your career, or investing in 
your health and well-being. For example, getting regular exercise 
and eating a healthy diet can help you avoid expensive medical bills 
down the line. Investing in yourself can also help you build a strong 
financial foundation, so you're better equipped to handle any 
financial challenges that come your way.
Jehan Divecha says, Stretching your money in the face of rising 
everyday expenses can be challenging, but it's not impossible. By 
creating a budget, cutting back on expenses, using credit cards 
wisely, planning for emergencies, and investing in yourself, you can 
make your money go further and build a more secure.