Do you know the difference between a one-day millionaire and an average people? Average people know how to save and spend their personal finance in useful ways practically.
While, one-day millionaire, this is a person as soon as he gets his salary, he will go straight at the mall, buy everything he wants including a set of clothes, eating at the high-end restaurants and drinking beers with friends.
If you want to stay out of poverty or perhaps from debts, practice these personal finance tips right away.
Track your expenses, though this is a repetitive personal finance tip you can hear from anyone and read on the internet, this is indeed helpful. By installing any free expense tracker, you will know the unnecessary things you buy and avoid these by the next month. It helps you to reduce in wasting money and hence, start saving.
Aim to spend less more than you earn on a monthly basis, always remember Bill Bailey’s quote “work hard, save and live within your means.” It doesn’t matter if your phone is outdated, for as long as it’s still functional. You don’t have to pretend that you’re rich, real people who love you will accept who you are, and understand you more than anyone else. If you’re spending more than you earn, you will never be free of debts.
Always review your credit card statements. Human error for erroneous charges on your credit card sometimes really happens to an individual. If you don’t take the time to review your statement of account, credit card supplier might charge you more in the succeeding months Make it a point to double check everything. Who knows they have been charging you for the things you didn’t buy?
Take advantage of coupons and promotional codes. As part of the personal finance tips,
you should practice to participate and make use of promotional codes. The money you didn’t spend for a free food delivery can be used for paying mineral water at home, or you can add it to your electricity bill.
When it comes to personal finance, always choose where you can spend less. It’s better to have savings than to be sorry and be drowned by the debts from family and friends.