Managing money may not come naturally, but it does pay off. And in today's financial environment it's essential that you spend wisely. So, here are 10 ways to help you spend smart and stay on the road to financial security.
#10: where does it go?
It’s easy to go to the ATM (also known as Another Twenty Missing) and not track the money you’re taking out. Set a limit on how much you take out each time and how many times per week.
#9: you download music, why not your account balance?
With online access to your accounts it’s easy to check your balance and see what transactions have been processed. If you use online banking, make sure your financial institution has a good system.
#8: create a spending plan to control your money
Write down your fixed expenses such as rent and utilities. Then account for debt payments and some savings. You can use what’s left for fun, so plan for it. Easy Budget and Save-to-Buy are perfect for this!
#7: what’s in a name?
Whether buying beverages or clothes, look for bargains. Name brands don’t always mean an item is better—remember that $250 sweater that fell apart?
#6: stay out of the red
This is simple—don’t spend more than you take in. And remember, student loans aren’t income: Borrow what you need, not what you can.
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