Want to make smart money moves? Take some time out of your busy day to make some of these smart money moves to ensure your finances are in tip-top shape.
You need a budget! Your budget doesn’t need to be fancy, and you don’t need to pay for an app. Just calculate your income and expenses and calculate how much money you have to spend. You can read more here on exactly how to set up a budget that works.
Debt. That four-letter word. There can be a lot of conflicting advice regarding how to pay off debt, how soon, how smart, etc. If you are confused about the difference between good debt and bad debt and whether it makes sense financially to pay off your debt, you can use a financial calculator to decide.
The best way to save is to set up systems that allow you to save without extra steps. How? Set up automatic deposits into your savings accounts. Even if you only have $5 a month to spare, make sure that you regularly deposit money into a savings account.
Having money put aside for emergencies will save you pain down the road and help you better deal with your troubles- physically and emotionally. Not every crisis needs to wreck your financial future, and some things are easy to solve with a bit of cash. So help your future self and start an emergency fund today.