Financial tips for surviving 2022's money challenges, straight from an expert

Allow these savvy financial tips to make things feel a bit easier on your wallet

Collage of woman holding credit card surrounded by financial icons, conceptual image of woman managing her spending, financial tips
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Gas prices are skyrocketing, receipts are scary to review and the word "inflation" is being tossed around almost hourly. 

With such grim economic news, it can be difficult to navigate summer as planned, be it impromptu getaways or a shopping spree to finally master that capsule wardrobe. We get it—things are expensive, but we still want to indulge ourselves now that we've earned back our freedom from the past two pandemic-filled years. 

Although current financial situations might feel overwhelming, Makala Green (opens in new tab)—author of The Money Edit and Britain’s first Black and female chartered financial planner—has a few tips and tricks for making it through 2022's economic challenges without despair.

"You are the author of your financial journey, and the right mindset makes a huge difference," Green says.

Ready for her advice?

Makala Green
Meet the expert: Makala Green

Award-winning financial expert and author of The Money Edit, Makala Green is all about making wealth simple. She's represented noteworthy companies such as Waitrose, French Connection and Marks & Spencer, and offers coaching, one-on-one planning and more. 

Financial tips for 2022's money challenges:

There's nothing here that you cannot handle—try one of Green's tips at a time and watch your financial situation begin to shift. 

1. Get help

There's no shame in asking for assistance, whether it's through books, personal finance podcasts or money-saving apps

"Ideally, you want a financial app that allows free access to get a feel for how effective it is in helping you manage your money," Green says. 

Her selections are as follows. Browse around before committing to the one that works best!

  • Emma (opens in new tab) (free standard option)
  • Monese (opens in new tab) (free simple option)
  • Money Dashboard (opens in new tab) (free access)
  • Revolut (opens in new tab) (free access)
  • Moneyhub (opens in new tab) (free trial period for 6 months)

2. Cut overspending

Okay, okay, we know you only meant to spend $40 on dinner, but one Aperol spritz turned into two, and dessert was too tempting to pass up. Rather than spend now and worry later, small steps can help keep your credit card transactions under control.

"Try setting up spending alerts and trackers to keep you in check," Green suggests.

3. Declutter your subscriptions

Like you do your social feeds, peruse your subscriptions, bills and so on to see what you can eliminate. If you don't truly need six streaming services, why not cut back to five?

"It's a great time to evaluate your spending to see where your spending habits are," Green says of 2022. "You will likely find payments for goods or services you have forgotten about or no longer use."

4. Compare and contrast

Why settle for the first offer? Pick and choose which services are not only better for you personally, but for your wallet. 

"Shopping around for a better deal is the best way to try and hundreds of pounds," Green says. "Comparison websites such as Money Supermarket (opens in new tab) and Compare.com (opens in new tab) make it easy to find the best deals."

5. Pick a credit card wisely

"You could consider switching it all to a credit card with a 0% interest credit card for a set period to allow you to clear your debt quicker without paying over the odds," Green says.

6. Start a side hustle

For more income, why not try putting that passion project to the test? 

"You can earn extra cash from various avenues such as online surveys, renting out space, tutoring, asking for a raise, investing or selling unwanted items in your home," Green says. 

However, there's one big rule to follow: "The trick is to ideally fit your side hustle comfortably into your daily life."

7. Set up an emergency fund

If you need to dip into another pool, you'll be grateful to know it's there. 

"Firstly, you want to determine how much you want to save," Green says of emergency funds. "Ideally, three to six months of your income is a good guide. Then save regularly until you have achieved your target."

Danielle is a writer for woman&home and My Imperfect Life, covering all-things news, lifestyle and entertainment. 


The heart of her time at Future has been devoted to My Imperfect Life, where she's been attuned to the cosmos and honed in on astrology coverage within the Life vertical. She's partial to writing pieces about the next big TV obsession—anyone else impatiently waiting for "Conversations with Friends"—and keeping you up to date on new trends like the latest must-have from Zara. 


Before her time at Future, Danielle was the editor of Time Out New York Kids and a news editor at Elite Daily. Her work has also appeared in Domino, Chowhound, amNewYork and Newsday, among other outlets. 


When Danielle is not working, you can usually find her reading a new book, coffee at hand, or attempting a new recipe. (Recommendations always welcome!)