Guide To A Better Financial Status

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Guide to A Better Financial Status
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Personal Finance

• For so many people personal finance is a mystery
  that seems impossible to figure out. The average
  American will make about one million dollars in a
  lifetime, but will still retire with only a small
  fraction of that money available. Here are some
  tips to help you get in your way to a better
  financial status.

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Keep Track of Your Spending

• Understand where your money goes by writing down
  how much you spend every day. Try writing things
  down on a whiteboard in your kitchen or somewhere
  else that is visible. You will pass by it all day
  so it stays in your mind.

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Set Aside 10-13 of Your Paycheck in A Savings
Account

• Make sure that you are taking about 10-13 off
  your paychecks and putting them aside into a
  savings account. This will help you out greatly
  during the tough economic times. Then, when an
  unexpected bill comes, you will have the
  emergency funds to cover it and not have to
  borrow and pay interest fees.

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Pay Off Your Debts

• The amount of interest on loans is very high, and
  the longer you take to pay them off, the more you
  pay in interest. Additionally, you should always
  pay more than the minimum that is due on your
  loan or credit card.

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Pay Your Bills On Time

• Landlords are more likely to help tenants who are
  in good standing with them. If you make them wait
  extra time to get their rent then you can
  guarantee that when you have a problem they will
  not be in a rush to help you.

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For more credit tips visit our blog

• http//www.newhorizon.org/credit-info/

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