You may not have control over the economy, but you do have control over your actions. Here are ten strategies to manage your money, courtesy of BALANCE.
1.Keep a record of your expenditures. Knowing where your money is going can make it easier to make changes if necessary. For a week or two, use BALANCE's Fritter Finder tool to see where your money is going.
2.Distinguish between wants and necessities. Is that 42-inch flat-screen television really necessary? When money is tight it should not be spent until absolutely required.
3.Paying your bills using credit is not a good idea. While using credit may make things easier in the short term, it will simply increase your monthly payments in the long run.
4.Regularly save. Set up a monthly automatic transfer from your checking to your savings account or have a portion of your paycheck put directly into your savings account.
5.Make sure your insurance coverage are up to date. Examine the coverage for all of your insurance policies. You may have too much and be wasting money, or you may have too little and be underinsured. Virginia CU Insurance Services can assist you in locating the most cost-effective policy.
6.Spending a considerable amount of money on recurring purchases, such as gifts and vacations, should be avoided. While spending money may make you feel good at the time, you may wish you had it afterwards.
7.Spending a considerable amount of money on recurring purchases, such as gifts and vacations, should be avoided. While spending money may make you feel good at the time, you may wish you had it afterwards.
8.Reduce your energy consumption. When appliances and lights are not in use, turn them off. Invest in energy-saving light bulbs. Use a fan instead of air conditioning or a sweater instead of putting on the heat when possible.
9.Consider enrolling in an online bill payment service. You will not only save money on stamps, but you will also ensure that your payments are received on time. Members can use VACU's online Bill Pay service for free.
10.Reduce the number of times you order takeout. Even if the meal isn't particularly costly, repeating it regularly might quickly add up. Once a week, a $10 pizza will cost you almost $500 in a year!
CLICK THE LINK BELOW TO GET AN OFFER FOR SAVING YOUR MONEY.
==>https://ahmedabdallah1.aweb.page/p/25fd9fd0-721a-40db-bb86-d263638f4fb3