So, you’ve decided to look your finances in the eye and make the wise moves necessary to get everything in order. Except, you’re not exactly sure what moves you’re supposed to make.
Well, from drafting a financial vision board to putting together a budget, here are some smart personal finance tips that will put you in good standing.
Establish a Financial Schedule
If you don’t want to commit your periodic financial plans to memory, consider creating a calendar that’s exclusively for your finances. For example, you can set a day for doing invoices or for examining your credit reports for errors.
Check Your Net Worth
It’s always a good idea to know the difference between your assets and debts so that you can see how you’re faring in terms of your financial objectives.
Ditch the Plastic
For a certain period, put your credit cards away and just use cash for a period. This makes your purchases more “real,” and will help you slash overall spending.
Create a Financial Vision Board
Doing so and putting it where you can see it every day can motivate you to hang in there with your financial goals.
Shop by Yourself
If you’re honest, you probably realize that when you shop with others, you’re more apt to spend on things you never intended to, usually because a friend talked you into it. Try doing your socializing in other venues.
Get a Secured Credit Card
If you have bad credit, go for a secured credit card, which usually doesn’t require a credit pull. And if your poor scores are due to overwhelming credit card debt, consider the debt settlement program at Freedom Debt Relief.
Get Renter’s Insurance
Not concerned about robbery, eh? First, you can’t be too sure about that. But renter’s insurance can also cover natural disasters, rent if you must stay someplace else due to damage done at your place, and the medical bills of any individuals who get hurt at your residence.
Don’t Put Savings in Your Checking Account
You’re more liable to spend your savings if the cash is sitting in your checking account along with your other funds. Have a dedicated savings account that you won’t “accidentally” exhaust.
Don’t Put Too Much in Savings
It’s not a good idea to have more than six months’ savings in a regular low-interest …….
Source: http://www.businessmole.com/smart-personal-finance-tips/