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Manage your money effectively

Avatar for Keroy King Keroy King
November 07, 2014
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Manage your money effectively

Manage your money effectively

Avatar for Keroy King

Keroy King

November 07, 2014
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  2. www.lifethenfinance.com Budgeting •  Keep track of how much you have,

    earn, and spend •  Remember fixed, variable, and non-essential expenses •  Earn more than you spend!
  3. www.lifethenfinance.com Saving Money •  Minimize your spending •  Use coupons

    and preferred customer programs •  Search for used items instead of new ones
  4. www.lifethenfinance.com The Power of Change •  Use a change jar

    •  Roll your own change, saving the fee at the grocery store machines •  Some banks will transfer your change to your savings account
  5. www.lifethenfinance.com Time Is On Your Side •  The earlier you

    start saving, the better •  The interest you earn accumulates over time
  6. www.lifethenfinance.com Separation Can Relieve Anxiety •  Putting the money in

    a place where you won`t think about it is a great way to get into the saving habit. •  Out of sight, out of mind!
  7. www.lifethenfinance.com The Score Does Matter •  Things that can be

    affected by a low credit score are: o  Ability to get a mortgage o  Ability to rent an apartment o  Your interest rate on loans and credit cards o  Your credit limit o  Cell phone service o  Finding a job o  Acquiring insurance
  8. www.lifethenfinance.com Debt Management •  Pay off your credit cards in

    full every month, if possible •  The best way to get out of debt is use the debt snow-ball •  Pay minimums on all debt and any extra money goes to paying off the smallest debt on your list.
  9. www.lifethenfinance.com Beware of Identity Theft •  Shred all credit card

    bills before throwing them out •  When shopping online make sure the site you use is safe and reliable
  10. www.lifethenfinance.com Credit Score •  Your credit score can be lowered

    by: o  Applying for credit cards o  Not paying your bills on time o  Having a high credit balance o  Missing payments o  Late payments
  11. www.lifethenfinance.com Making Extra Money •  Utilize the internet •  Sell

    things at flea markets, eBay, and Amazon •  Provide virtual assistance online •  Offer your services in your community
  12. www.lifethenfinance.com Small Transactions Add Up •  Be wary of small

    credit card purchases •  Set aside small amounts of money each week •  As long as you save what you can, you`ll be on your way to a financially comfortable life
  13. www.lifethenfinance.com The Thing You bNeed`is Often... …Just something you want!

    Be mindful of the difference between a NEED and a WANT
  14. www.lifethenfinance.com If you can put off the urge to buy

    stuff, you can discipline yourself to only buy things when you can afford them.
  15. www.lifethenfinance.com In Closing •  Knowing how to handle your money

    will make it much easier and can lead to a more comfortable life!
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