You don’t have to be an expert in finance to get your personal finances under control.
Patience is a valuable asset when it comes to personal finances. It is quite tempting to run out and buy the newest electronics on offer. However, just by waiting a little while, the price may drop significantly. This will give you money to use for other things.
If you’re married, which ever one of you has the strongest credit rating should be the one applying for any loans and credit cards. If your credit is poor, you should try to build the credit back up using a credit card with a small limit you can pay off every month. When your credit score improves, try getting a loan and pay it off together.
The interest that you will have to pay using multiple cards will end up being smaller than paying off a maxed out card.
Replace old incandescent light bulbs with high-efficiency CFL bulbs. This kind of bulb will help you reduce your electric bill.CFL bulbs typically last longer than traditional light bulbs. You will also save money by buying bulbs over time.
Get a no-fee checking account that is free.
Try making presents instead of wasting all your money on store bought things. This can save you hundreds during the holiday season.
You should find out if your debit card offers an automatic payment scheduling system that you can utilize to pay your credit card bill when the month is ending. This will stop you forget.
Give yourself a “pocket cash” allowance so that you do not completely deprive yourself while building up your savings account. The cash allowance can be used to treat yourself to things like books, meals out, books or a new pair of shoes, but once it’s spent, you’re done until the next allowance. This way you to enjoy some fun stuff and not blow your entire budget.
Avoid fees by only …