Rule Your Money, Don’t Let Your Money Rule You
Making sound personal financial decisions, these days, is essential if you hope to see a better tomorrow. So, in this day and age, just how does one manage to budget, save and prepare? It’s actually not as difficult as you might think. There are a few important rules to consider but if you follow them, financial security can be yours.
To save both money and time, buy bulk quantities of lean protein. If you use everything you purchase, buying in bulk can be much cheaper. A good time saver is spending a day making a week’s worth of meals out of the meat.
If a credit card is close to its limit, consider transferring portions of the balance to a different card. Having a card that is almost maxed out is a huge blow to your FICO score and will almost certainly leave you in a situation where you will have to open one of the bank accounts for bad credit. Transferring part of the balance will even up the credit you have available on your cards.
After you finish a meal with your family, do not throw away the leftovers. Instead, wrap these up and use this food as part of a meal the next day or as a snack during the night. Conserving every piece of food is very important in reducing your grocery costs each month.
Many people spend a significant amount of money trying to win the lottery. Instead of doing this, the money should be channeled to serious investments. This will guarantee that you will increase your income over time, instead of throwing your money away.
If you’re looking for ways to save money, look into dropping your land line phone. If everyone in your household has a cellphone, what do you need a land line phone for? Most of the time calls from it are more expensive anyway and you don’t need to put out the money for a second phone when your cellphone will work just fine.
There are some great deals on at the moment and if you are at university you should find the best student bank account that you can, as there are some really fantastic deals at the moment.
If you have a credit card with a high interest rate, pay it off first. The money you save on fees can be significant. Very often credit card debt is one of the highest and largest debt a family has. Rates will most likely go up in the near future, so you should focus on repayment now.
Mowing your own lawn, as well as finding neighbors and other people who are in need of someone to mow their lawn for them, can develop into a profitable job for you to pursue on your own time. It also has the advantage of being a job that you can do close to home.
Entering in competitive shooting matches can be a way for you to earn benefits for your personal finances, in a way that will be fun and introduce you to new people. Cash or other valuable prizes can be won for people who do the best and anyone who enters will still have a fun and educational experience.
Each day, there are companies targeting consumers with poor credit histories with promises that they can clean up a credit report so that consumers may purchase a new car or secure a home mortgage loan. Of course, you must pay a fee for this service. Unfortunately, these companies cannot make good on these promises. The truth is, no one can erase accurate negative data from your credit report. After handing over your money to these unethical companies, you are still left with the same negative credit history.
In this article we have discussed the rules involved in becoming financially secure. Financial security is important for many reasons, from today’s purchases to tomorrow’s retirement. Review these tips often and incorporate them into your every day life. Your financial situation will improve, you will end up with more money in your bank account, and you will be thankful.