August 4, 2020 - mediadealer - Growing Money - 759 views
Do you have what it takes to be your own personal money manager? Taking control of your money is an essential step toward lifetime happiness. Get more bang for your buck by making the smartest money management choices.
Don’t waste your time and money on get-rich-quick schemes. Many novice marketers succumb to this type of gimmick. Learn how to make money the old fashioned way, earning it through hard work and patience.
Keeping a log of exactly what you spend on a daily basis will allow you to figure out exactly where your money is going. However, you should keep in mind that if you write what you’re spending in a book that you won’t look at for the majority of the day, your finances may be forgotten. Instead, try setting a full-size whiteboard in your bedroom or office to list your expenditures. This serves a more visible reminder and will help you to stay on track.
Never believe that a credit repair organization can guarantee success in improving your history. A lot of agencies will make general claims about their capability in repairing your history. This is a ploy to get you to sign up for their service. You can handle most debt consolidation and credit repair on your own. As such, 100% guaranteed results are straight-up fraud.
You personal financial health depends on keeping your debt under control. Sometimes you can’t avoid debt (e.g. education loans, mortgages) however, you should avoid debt such as that created by credit cards, as it can be deadly. The less you borrow, the less you will spend on interest.
The best way to stay one step ahead of financial problems is to advance plan for your future. Having a solid plan is a good motivational tool because it drives you to work harder and cut down on unnecessary spending.
If your spouse has a great credit score, use this to your advantage. If your credit is poor, take time to start building it up with a card that is regularly paid off. Once both of you have good credit scores, you can jointly apply for loans that evenly share your debt.
When you’re having trouble getting rid of credit card debt, avoid adding new charges. Stop and take a look at what you are spending, and try to cut wherever possible. It’s good practice to only buy what you are able to pay cash for. Pay off what you owe before you charge anything else to the card.
Save a set amount from each check you receive. Somehow, there never seems to be anything left to save if you wait. If you know the money is unavailable, it lessens the chance you will spend it.
For people who fly often, you should enroll in frequent flier programs with every airline that you routinely travel on. There are a number of credit cards that give free miles or a discount on air travel with purchases. Your frequent flier miles will constantly increase and are redeemable at thousands of hotels or airlines across the world.
Make sure that your checking account is free. Some of your main options will include credit unions, online banks and some major chain banks.
Instead of having a debit card, you may want to think of getting a credit card. If you can be approved for credit cards, use them for small daily purchases like food and gas. Look into your credit card provider’s rewards program to see if there are potential benefits for you.
The easiest way to keep your finances clean is to avoid consumer debt like the plague. Really consider any purchase you are about to make on your credit card. Think about how long you’ll be paying it off. If you can’t pay it off at the end of the month and it isn’t a necessity, you shouldn’t make the charge.
As this article lays out, having control of your finances is of great importance. By following the advice presented here, you can better your financial situation. You can now meet your financial goals, have control over your personal finances and spend your money in an efficient manner.
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