There are probably many things that we wish we could tell our younger selves about money, things that could save you a lot of financial headaches. Here are just a few tidbits of that wisdom with the following money advice below.
- Buy more groceries instead of eating out all the time. Eating at home is one of the top ways you could start saving money.
- Start building your credit early. Installment loans or credit cards are great ways to start building your credit. Just be sure to make on-time monthly payments.
- You can save more by buying an older car. You can still get where you need to go if you buy an older model.
- Deposit at least $25 a week in a savings account. That adds up to $1,200 a year in spare funds.
- Live below your means. Living below your means might not get you the nicest apartment or car, but at least you’ll have more than enough extra money every month to do what you want.
- Pay your bills on time. Late payments can drag your credit down and hurt your rating. If you set up automatic payments on your bills, you’ll never have to worry about a late fee again.
- Learn how to budget. Put first things first. Your bills should take first priority, followed by future savings, and then wants.
- Don’t forget to pay your taxes. Save money throughout the year to pay the IRS in April; and conversely, if you have a refund, do not go out and spend it all.
- If your company offers a 401K retirement savings program, contribute. Some employers offer a company match to those who contribute.
- Don’t be embarrassed to use coupons. With the extra savings, you can afford more luxuries or pay off a debt faster.
Though you can’t turn back the clock, it’s never too late to make better decisions for your financial future. These tips can help you make better long term decisions, but if you’re in a rut right now and need help paying off debts or creating a financial cushion, Always Money can help you with an installment loan or other affordable personal loan options.
For over 20 years, Always Money Finance has been a regional leader in providing affordable credit solutions to customers across the southeast looking for a convenient and confidential way to meet their needs. Getting a handle on your money takes time, and Always Money understands. If you’re in a jam and need immediate help, any of Always Money’s small personal loan options may be just what you need to get you going in the right direction.
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