Since Clusterbuster said there wasn't any good advice I figured I'd do my share to help out. Often on tv we see the commercial with those famous words "what's in your wallet". Well often that can be telling. Do you have a often used credit card? Are there multiple receipts? I figure this is a place we all can start with. Budget each month but review your amounts and categories every single paycheck. In the process of setting up a budget identify your financial priorities. Then no matter how little or how much we make always pay yourself a small portion. Set it aside on a regular basis for that "rainy day". Know the difference between wants and needs. We all need food but we all want prime rib. If there's something you'll use often or for a long time always do a little research and purchase the best you can afford. Control debt at all costs. Save for what you want tomorrow. Don't gamble more than you can afford to lose (stock, funds, credit cards, etc). Invest for time. A penny saved is definately a penny earned. Those pennies add up and add up fast over time. After looking at what's in your wallet (how its earned or spent) might help in how it might be saved.
Sunday, April 27, 2008
What's In Your Wallet
Since Clusterbuster said there wasn't any good advice I figured I'd do my share to help out. Often on tv we see the commercial with those famous words "what's in your wallet". Well often that can be telling. Do you have a often used credit card? Are there multiple receipts? I figure this is a place we all can start with. Budget each month but review your amounts and categories every single paycheck. In the process of setting up a budget identify your financial priorities. Then no matter how little or how much we make always pay yourself a small portion. Set it aside on a regular basis for that "rainy day". Know the difference between wants and needs. We all need food but we all want prime rib. If there's something you'll use often or for a long time always do a little research and purchase the best you can afford. Control debt at all costs. Save for what you want tomorrow. Don't gamble more than you can afford to lose (stock, funds, credit cards, etc). Invest for time. A penny saved is definately a penny earned. Those pennies add up and add up fast over time. After looking at what's in your wallet (how its earned or spent) might help in how it might be saved.
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1 comment:
My wallet makes my leg go numb if I don't take it out of my pocket when driving long distances.
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