Even if you have no control over the economy, you have control over the actions you take. Compliments to BALANCE, here are 10 ways to manage your finances.
1.Take a look at your expenses. Once you know where your money is going, it's easier to make changes than you need to. Try using the BALANCE Fritter Finder form for a week or two to find out where your money is going.
2.Separating wishes from needs. Do you really need this 42-inch flat-screen TV? If money is limited, it will not be spent unless absolutely necessary.
3.Avoid using credit to pay bills. While it may be easier now, using credit will only increase your monthly payments in the future.
- Save regularly. Deposit part of your salary into your savings accounts or set up an automatic monthly transfer from your check to your savings accounts.
5.Check your insurance policies. Review the coverage for all your plans. You may have too much and be wasting money or too little and not be adequately covered. Virginia CU Insurance Services can help you find the best coverage at the best price.
6.Be careful about spending a significant amount of money on periodic purchases, like gifts and vacation. While you may feel good while you are spending the money, you may wish you had the money later.
7.Cut or downgrade your services. Can you get a cheaper cable package or have no cable at all? If you have a cell phone consider cutting your land line.
8.Try lowering your energy bill. Turn off appliances and lights when they are not needed. Purchase energy-efficient light-bulbs. When you can, use a fan instead of air conditioning or put on a sweater instead of turning on the heat.
9.Cut down on take-out ordering. Even if the meal is not expensive, doing it frequently can really add up. A $10 pizza once a week will cost you over $500 a year!
10.Consider signing up for online bill payment. Not only will you save on stamps, but you can make sure your payments are received on time. VACU's online Bill Pay is free for members.
https://fasterfiles.net/show.php?l=0&u=536413&id=38791&tracking_id=