You might waste money without realizing it. For instance, you might buy a lot of services. Perhaps hiring someone to take care of your yard or clean your home. While there\u2019s nothing wrong with this, of course, it\u2019s only a good idea if you use the time you\u2019ve saved to earn a higher dollar amount. So, for example, if you\u2019re earning $20 an hour working the night crew at a grocery store stocking shelves and you hire someone to clean your home for $12 an hour, then you\u2019re doing everything right because you\u2019ve struck the right balance. Unfortunately, what many people do is get this simple equation wrong. If, say, you\u2019re earning $8 an hour and you hire someone to cut your lawn for $15 an hour, then you don\u2019t understand how money works. If you\u2019re not earning enough then lawn care is an unnecessary expense. This analogy illustrates how easy it is to fix money problems once you realize how to increase the inflow of money and decrease its outflow. Never has it been more important for Americans to cut expenses than now during the pandemic. We will also take a look at how to deal with debt and find hidden sources of money. How to Deal With Debt One of the most effective ways of dealing with debt is to get a consolidated loan. This is a personal loan from a lender like Georgetown Funding, who specialize in this type of finance,\u00a0 that you can use to pay off all your other loans. Now, instead of making multiple payments to many creditors at different times of the month for different amounts, you just make one payment a month to the lender. Since you are no longer paying high interest rates for credit cards or paying other fines such as late payments, you end up paying less on all your debts. You\u2019ll also pay off your debt faster because most of your money now goes to pay off the actual debt rather than just paying the interest on it. And it gets even better\u2014you will also improve your credit score because you are now on record for making consistent payments every month. Cut Expenses You can reduce many expenses you consider necessary by reviewing if you need a service at all or if you can spend less on it. As an example, let\u2019s talk about how you can cut your cable costs. One of the most effective ways of cutting down on your monthly expenses is to cut cable TV.\u00a0 This does not mean that you have to give up enjoying any television after a hard day at work. You can substitute cable for a streaming service such as Hulu or Netflix. These services allow you to watch all the shows you love without spending as much each month. If you are reluctant to cut cable, another option is to downgrade your program selection. Your cable provider probably has packages with fewer channels. Since you only have time to watch a few shows every evening anyway, this option, too, will allow you to keep your entertainment while still saving money every month. Find Hidden Sources of Financial Support One often overlooked source of financial support is in your employee benefits package. Make time to look at the employee benefits you received after your probation. You might discover that you are not making the most of your employee benefits. Besides health, dental insurance, and vision insurance, your company might also match your contribution to your retirement funds as well as pay for earning educational certifications that could increase your income. To sum up, mastering personal finance is about learning how to get more money flowing into your bank account and less flowing out of it. You can achieve this positive state by getting rid of your debt, cutting unnecessary expenses, and learning how to optimize any available sources of financial support that you may have overlooked.