Finance Tips By Alistair Moncrieff

1
Top Personal Finance Tips for the Long-Term
2
First Things First A Few Financial Basics

• Create a Financial Calendar
• Check Your Interest Rate
• Track Your Net Worth

3
How to Budget Like a Pro

• Set a Budget, Period
• Consider an All-Cash Diet
• Take a Daily Money Minute
• Allocate at Least 20 of Your Income Toward
  Financial Priorities
• Budget About 30 of Your Income for Lifestyle
  Spending

4
How to Get Money Motivated

• Draft a Financial Vision Board
• Set Specific Financial Goals
• Adopt a Spending Mantra
• Love Yourself
• Make Bite-Size Money Goals
• Banish Toxic Money Thoughts
• Get Your Financesand Bodyin Shape
• Learn How to Savor
• Get a Money Buddy

5
How to Amp Up Your Earning Potential

• When Negotiating a Salary, Get the Company to
  Name Figures First
• You Can Negotiate More Than Just Your Salary
• Dont Assume You Dont Qualify for Unemployment
• Make Salary Discussions at Your Current Job About
  Your Companys Needs

6
How to Keep Debt at Bay

• Start With Small Debts to Help You Conquer the
  Big Ones
• Dont Ever Cosign a Loan
• Every Student Should Fill Out the FAFSA
• Always Choose Federal Student Loans Over Private
  Loans
• If Youre Struggling With Federal Student Loan
  Payments, Investigate Repayment Options
• Opt for Mortgage Payments Below 28 of Your
  Monthly Income

7
How to Shop Smart

• Evaluate Purchases by Cost Per Use
• Spend on Experiences, Not Things
• Shop Solo
• Spend on the Real YouNot the Imaginary You
• Ditch the Overdraft Protection

8
How to Save Right for Retirement

• Start Saving ASAP
• Do Everything Possible Not to Cash Out Your
  Retirement Account Early
• Give Money to Get Money
• When You Get a Raise, Raise Your Retirement
  Savings, Too

9
How to Best Buildand TrackYour Credit

• Review Your Credit Report Regularlyand Keep an
  Eye on Your Credit Score
• Keep Your Credit Use Below 30 of Your Total
  Available Credit
• If You Have Bad Credit, Get a Secured Credit Card
• How to Get Properly Insured
• Get More Life Insurance on Top of Your Companys
  Policy
• Get Renters Insurance

10
How to Prepare for Rainy (Financial) Days

• Make Savings Part of Your Monthly Budget
• Keep Your Savings Out of Your Checking Account
• Open a Savings Account at a Different Bank Than
  Where You Have Your Checking Account
• Direct Deposit is (Almost) Magic
• Consider Switching to a Credit Union
• You Can Have Too Much Savings

11
How to Approach Investing

• Pay Attention to Fees
• Rebalance Your Portfolio Once a Year

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