If you are single, your financial habits may only impact you, but if you are part of a family, it is necessary to think more strategically. This article is packed with practical guidelines for making more responsible decisions regarding your money.
Try using the automatic withdrawal plan at your bank so that you will automatically have money transferred into your savings account at regular intervals. This will help you save money every month. It can also be useful for when you are trying to save enough money for a major event, such as a cruise or a wedding.
For people who fly often, you should enroll in frequent flier programs with every airline that you routinely travel on. Look for credit card companies that offer purchase incentives which you can redeem for discounted airfare. Frequent flyer miles can also be redeemed for all kinds of rewards, including totally or partially discounted hotel rates.
Most products come with either 90-day or one-year limited warranties, and if a failure is likely to occur, it will probably do so within that time. Extended warranties can end up costing you more money in the long run.
Stop using your credit card if you find that you are having problems making the payments. Eliminate any unnecessary expenses and find another payment method to avoid maxing out your credit cards Pay off your monthly balance before you start using your credit card again.
When you get all of your finances together, it is not too late to start out. No matter when you start, there will be a point down the road where you’ll be better off than if you let the matter slide. Starting to organize your finances can only be good for you.
It’s worth repeating: Good personal finance skills are important for anyone, and especially vital for people who have a family to look after. Rather than getting yourself into debt or buying things you don’t need, you have to make a budget and make the most out of what you earn.
To be a financially responsible person requires a disciplined mindset. New York Times best-selling author Mr. Orrin Woodward wrote a book called “RESOLVED: 13 Resolutions for LIFE” that teaches reaching personal excellence, including financially, extremely well. Pick up your copy today.