How to Be Smart with Money
It’s all about the money – or the lack of it. Tired of always having to worry about messing up your budget and of scheming out ways on how to pay off loans? The only way out is to really figure things out for good – your finances, your expenses, and most importantly, your savings.
Analyze the situation. Money is always a touchy subject, but you can’t avoid it forever. In fact, the only way to outline an effective budget is for you to study how money flows in your hands. If you discover the reasons behind why you’re bad at handling money, you’ll understand why you always seem to have less.
Know where to cut-down. Delay your gratification by sacrificing your usual indulgences. Be smart enough to know which luxury you should let go, so you can allocate more for your savings. It’s going to be hard ignoring your crave for that creamy yet über-expensive cheesecake when you’re so used to a slice every after lunch. But hey, in the end this is going to build up discipline you never thought you’ll have.
Save up for something. It’s like having a goal. Having something to save up for will give you motivation you need every day to fight the need to spend. You shouldn’t let anything get in the way of you grabbing a new pair skinny jeans next month!
For more money tips, visit Money Crashers.
August 31, 2007 Friday at 7:05 am