1 / 12

Eight Money Management Essentials

Money management does not need to be a complicated process. The following are the guideline that you can consider to help you take control over your finances and stay away from bad debt. More info: http://www.badcreditresources.com/articles/eight-money-management-essentials/

badcreditresources
Download Presentation

Eight Money Management Essentials

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Eight Money Management Essentials by: www.BadCREDITResources.com

  2. Money management does not need to be a complicated process.

  3. The following are the guidelines that you can consider to help you take control over your finances and stay away from bad debt.

  4. #1:Be Aware of your Financial Situation. • List down everything you spend on every day- from the highest price to the smallest cent- and add up all your expenditures. • Compare the sum from your monthly earnings and you can have a realistic evaluation of your personal spending.

  5. #2:Be Aware Of Your Debts • Order a copy of your credit report from the three major credit bureaus and analyze your current debt situation. • Make sure that all the charges in your accounts are accurate.

  6. #3:Save Your Money • Find ways on how you can save your money. • When you set aside every possible cent, you may be surprised at how much you were able to save for the entire month or year.

  7. #4:Exercise Control with your Credit Card Use. • It is important to exercise control over your spending. • Use your card only for purchases that you can pay back on time.

  8. #5:Pay All your Bills on Time. • Late penalty fees are a waste of money. • Why pay more when you can avoid additional costs by simply submitting your payments on time?

  9. #6:Set Long-Term Goals • Don’t forget to plan for your future. • Preparing for financial emergencies is the best way to avoid instant debt or bankruptcy.

  10. #7:Create a Realistic Budget • Have you set a realistic budget plan that you can follow? • Having a definite budget plan helps avoid splurging or unplanned purchases.

  11. #8:Prioritize Your Expenses • Many people spend on things that are not very important or not even necessary. • Recognizing your priorities should help you avoid unnecessary spending.

  12. For more information: Eight Money Management Essentials http://www.badcreditresources.com/articles/eight-money-management-essentials/ More Tips: Saying NO to Impulse Spending and Start Saving http://www.badcreditresources.com/articles/saying-impulse-spending-start-saving/ For fast cash loan: Payday Loans for People with Bad Credit http://www.badcreditresources.com/fast-cash-loans.html

More Related