We are really happy that we’ve just given a start to our “Money Saving Friday” which may help you control your money better. First lesson to start with is making a financial plan. Grab a paper and write down your monthly income on the left side. On the right side, note all of your debts. First, we should get rid of the debts as soon as possible so that we could breathe easily.
1. Credit Card Debts: Never pay minimum if you have enough money to pay your monthly charge so that you prevent bank debt interests. If possible, try not to use a credit card again after you pay all of your debts. If you think “credit card is a must for me” just use one, not more!
2. Don’t Waste Your Time: Time is money. So, don’t waste your time (money) by extending your debts. Finish your debts ASAP! After you do so, you will be able to see your financial path clearly.
3. Stick to the Plan: Try to stick to your financial plan. Patience has a key role. Be patient. ALL good things come to those who wait.
Read more about financial planning here and don’t forget to check back every Friday for upcoming money-saving tips.