1. Create a budget and stick to it!
Be realistic about what you’re spending on. If you eat out several times a week, budget for the amounts you’re spending at the restaurants instead of budgeting $40 per week for groceries. Also, set aside some funds every pay period for a rainy day fund. This fund will cover unforeseen car repairs, insurance copays, plumbing repairs, whatever you can think of that doesn’t occur regularly.
2. Pay cash for your material wants.
Don’t be suckered into the salesman’s speech about only $99 per month for that flat screen plasma TV. If you don’t have the money upfront and it’s a item that you can live without; walk away. This is a test of willpower and self control.
3. Maintain a good credit rating.
Don’t use credit for everyday items like groceries and gas. However, you will need to build a good credit history if you want to finance a house or car someday. Keep one or two credit cards. Charge a small amount on one card and pay it off every month. Do not carry a balance.
4. Read up on credit terms and financing terms.
Know how much a creditor will charge for an interest rate, late payment, non usage fees, or annual fees. Stay on top of your credit accounts even if you don’t use them regularly. The fees and interest charges that are being charged nowadays can equal the amount of your balance!
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Cash is King! Pay cash for everything if you can. Only have (1) credit card so you can build your credit, but pay it off every month. Pay them on time as to not get charged for late fees. Only spend what you can afford!!
There’s a great financial show on cable (usually at night on the weekends) I can’t remember her last name, Susan something, however, she’s always got great advice.
Good Luck!
Live within your means, that is the most important thing. Spend only what you NEED not what you WANT. No need to impress others by “faking” that you have money, and driving a facy car that you cannot afford. ALWAYS know where your money is. I mean know where you spend it, know interest rates on your accounts either is a debt or bank account making interest. Of course be a smart consumer when purchase things that you NEED. Good luck!!
Only spend money on needs not wants.
the simple answer is don’t buy things on credit. But the more lenghtly answer is, use the money you have wisely. for instance if you are using a brick and mortar savings account you are missing out on 10 times the interest you could get at an online site like hsbc or orange or even paypal. Why aren’t you doing that? And if you carry credit card debt you are wasting money as they chew up all your money. If you want to stay out of debt get a used car and drive it into the ground, just put that money you would pay on a car into an investment account and call it your retirement car. If you are buying anything make sure you get the best price but also get something for your pruchase, I have a card that pays 1.25% on purchases and 5% on gas, I get a credit on my statement each montha and take that amount and put it in savings. It is easy to get in debt and hard to get out. If you can make the money you have work for you then you don’t have to work as hard but if you are in debt now, cut corners on your spending until you have no debt other than a house. then find some good savings and investment vehicles, and most of all stay away from those get rich quick schemes
visit daveramsey.com to learn what isn’t taught in schools -how to own ur cash
Debt is good. (If you use the bank’s money to create jobs)
Debt is bad. (If you use the bank’s money to buy Gucci shoes)
Open a small business with your credit cards and you will be richer.
pay cash!
Be very careful not to spend more than you make. If you must use a credit card, keep up with the amount and make sure you can pay it in full when you get the bill. If you find you can’t pay in full then cut back on everything until you are able to get the credit card paid in full. It takes a lot of discipline and will power to stay debt free. Businesses use advertising very effectively to try to convince us that we need what they are selling.
Try this site: http://pinchurl.com/368 it can make you good money and it is easy to do. There are no fees and it pays out every Friday. It is one of the few work at home websites that has made me good money consistently. It makes me $1200-$1500 a month. Or try one of these other good work from home websites on this site: http://pinchurl.com/369