This document provides an overview of developing and maintaining a personal budget. It discusses identifying financial goals and values, basic budgeting principles, tools for creating a budget, and challenges to budgeting. Key steps include creating a net worth statement, setting short-term financial goals, customizing a budget by tracking income and expenses, and using digital tools like Mint.com to monitor progress. Maintaining a budget is presented as an important part of taking control of spending, saving, and avoiding debt.
This informative and entertaining seminar will show you how to take control of your finances by learning to budget your paycheck - before you spend it.
A budget is a plan that outlines a person's expected income and expenses over a set period of time. Creating a budget helps determine if one can afford certain purchases or needs to reduce spending. It is an important tool for prioritizing spending and managing finances. Students and new graduates especially benefit from budgets to handle school or living expenses with limited income. After graduating, priorities for budgeting include paying off student loans, building an emergency fund, and starting retirement savings. Practicing impulse control and automating savings are keys to effective budgeting.
A budget is a plan that outlines a person's expected income and expenses over a set period of time. Creating a budget helps determine if one can afford expenses and prioritize spending. It is important for students, new graduates, and beyond to create budgets that allocate funds for necessities, debt repayment, emergency savings, and retirement. Proper budgeting requires tracking income and expenses, paying off high interest debts first, building an emergency fund, and practicing self-control to avoid impulse spending.
This document provides information about personal financial discipline and budgeting from a Christian perspective. It emphasizes that lack of financial knowledge can destroy families and recommends creating a budget to gain control over spending. A budget accounts for all monthly income and expenses to identify areas where money can be reduced or eliminated in order to pay bills and save for the future. The document provides guidelines for creating a budget and suggests using any surplus funds to build savings, pay down debts, and invest for long-term goals like retirement.
This document provides information about personal financial discipline and budgeting from a Christian perspective. It emphasizes that lack of financial knowledge can destroy families and recommends creating a budget to gain control over spending. A budget accounts for all monthly income and expenses to identify areas where money can be reduced or eliminated in order to pay bills and save for the future. The document provides guidelines for creating a budget and tracking expenses in order to establish financial discipline.
The document discusses various aspects of personal finance and money management. It emphasizes the importance of budgeting, tracking expenses, controlling spending, and maximizing savings. It notes that budgets can help reduce stress, financial arguments, and protect from unexpected costs. The document provides tips for developing a spending plan, including changing one's mindset around money and identifying personal weaknesses and temptations. It also stresses the importance of the entire family being involved in the money management process.
The document discusses cash flow management and financial fitness. It begins by stating that 43% of Americans spend more than they earn each year. It then outlines goals for the session, including providing insight, inspiration, and ideas/methods to help improve financial situations. Several symptoms of poor financial health or discomfort are listed, including poor cash flow management and excessive debt. Effective cash flow management is important as it provides control and reduces stress. The document provides advice on tracking spending purposefully and aligning budgets with goals/values to improve cash flow.
This document provides information to help individuals better manage their finances when dealing with a health issue like cancer. It discusses creating a budget to balance costs and limited income. Tips for the budget include setting financial goals, tracking spending, and creating an emergency fund. The document also addresses resources for healthy eating on a limited budget, managing debt, using credit counseling, and understanding consumer rights regarding debt collection. Overall, the information aims to help gain confidence in financial planning and allow a focus on medical treatment and recovery.
This informative and entertaining seminar will show you how to take control of your finances by learning to budget your paycheck - before you spend it.
A budget is a plan that outlines a person's expected income and expenses over a set period of time. Creating a budget helps determine if one can afford certain purchases or needs to reduce spending. It is an important tool for prioritizing spending and managing finances. Students and new graduates especially benefit from budgets to handle school or living expenses with limited income. After graduating, priorities for budgeting include paying off student loans, building an emergency fund, and starting retirement savings. Practicing impulse control and automating savings are keys to effective budgeting.
A budget is a plan that outlines a person's expected income and expenses over a set period of time. Creating a budget helps determine if one can afford expenses and prioritize spending. It is important for students, new graduates, and beyond to create budgets that allocate funds for necessities, debt repayment, emergency savings, and retirement. Proper budgeting requires tracking income and expenses, paying off high interest debts first, building an emergency fund, and practicing self-control to avoid impulse spending.
This document provides information about personal financial discipline and budgeting from a Christian perspective. It emphasizes that lack of financial knowledge can destroy families and recommends creating a budget to gain control over spending. A budget accounts for all monthly income and expenses to identify areas where money can be reduced or eliminated in order to pay bills and save for the future. The document provides guidelines for creating a budget and suggests using any surplus funds to build savings, pay down debts, and invest for long-term goals like retirement.
This document provides information about personal financial discipline and budgeting from a Christian perspective. It emphasizes that lack of financial knowledge can destroy families and recommends creating a budget to gain control over spending. A budget accounts for all monthly income and expenses to identify areas where money can be reduced or eliminated in order to pay bills and save for the future. The document provides guidelines for creating a budget and tracking expenses in order to establish financial discipline.
The document discusses various aspects of personal finance and money management. It emphasizes the importance of budgeting, tracking expenses, controlling spending, and maximizing savings. It notes that budgets can help reduce stress, financial arguments, and protect from unexpected costs. The document provides tips for developing a spending plan, including changing one's mindset around money and identifying personal weaknesses and temptations. It also stresses the importance of the entire family being involved in the money management process.
The document discusses cash flow management and financial fitness. It begins by stating that 43% of Americans spend more than they earn each year. It then outlines goals for the session, including providing insight, inspiration, and ideas/methods to help improve financial situations. Several symptoms of poor financial health or discomfort are listed, including poor cash flow management and excessive debt. Effective cash flow management is important as it provides control and reduces stress. The document provides advice on tracking spending purposefully and aligning budgets with goals/values to improve cash flow.
This document provides information to help individuals better manage their finances when dealing with a health issue like cancer. It discusses creating a budget to balance costs and limited income. Tips for the budget include setting financial goals, tracking spending, and creating an emergency fund. The document also addresses resources for healthy eating on a limited budget, managing debt, using credit counseling, and understanding consumer rights regarding debt collection. Overall, the information aims to help gain confidence in financial planning and allow a focus on medical treatment and recovery.
This document provides guidance on personal financial management. It discusses the importance of budgeting, saving for retirement, managing debt, and setting financial goals. The key recommendations are to create a budget that spends less than you earn, pay off high-interest debt first, start retirement savings as early as possible, and set specific financial goals to stay motivated to save and reduce spending. Proper management of personal finances through budgeting, savings, and debt repayment is essential to achieving financial security over the long run.
This seminar helps couples communicate about money matters, offers money and budget saving tips, and helps couples develop a spending plan for their future goals.
The document discusses 10 habits that can help develop financial stability and success. Some of the key habits mentioned include making savings automatic through regular transfers, controlling impulse spending, evaluating expenses to live frugally, investing for retirement early, keeping family secure through insurance and wills, eliminating debt through a snowball payoff plan, using an envelope system to track spending budgets, paying bills immediately or setting up automatic payments, reading about personal finances to educate oneself, and working to increase one's net worth over time through various means.
This document provides an overview of a personal finance course. The course aims to help students gain skills to responsibly manage their money and gain perspective on how finances should affect their lives. The course will cover topics like setting financial goals, maximizing income and assets while minimizing expenses and liabilities, financial planning at different life stages, and determining net worth. The overall goal is to help students attain both financial and non-financial life goals in a sustainable way.
The document provides information on money management and budgeting. It defines key terms like needs versus wants, assets and liabilities for calculating net worth. It explains that a budget is a plan for spending, saving and tracking expenses. The document outlines steps for creating a budget like tracking spending, figuring out income and expenses, paying yourself first and building an emergency fund. It also gives tips for cutting expenses and increasing income.
Budgeting and Savings with ING Driect and ACCION USAACCION East
The document provides tips and information for creating budgeting and savings plans, including the importance of setting financial goals and maintaining money management. It discusses defining goals using the SMART approach, tracking expenses, developing a savings plan, and tips for budgeting to achieve financial success.
The document provides information about personal finance topics such as savings, budgeting, emergency funds, mutual funds, insurance, and retirement planning. It discusses how to save money through proper budgeting and channelizing savings into personal capital. It emphasizes the importance of having an emergency fund equal to 6 months of expenses and parking it in liquid investments like savings accounts or sweep-in accounts. It also explains key mutual fund benefits like diversification, liquidity, and professional management. Overall, the document offers guidance on developing good financial habits and effectively managing one's finances.
Unit 1- Part c - The Ins and Outs of Budgetingcelsesser
This document discusses various factors that can impact a budget, including limited resources, one-time annual expenses, needs vs wants, opportunity cost, income vs fixed and variable expenses. It emphasizes the importance of prioritizing needs, practicing restraint, and constantly evaluating your budget to avoid deficits. An emergency fund is also highlighted as important to have savings for unexpected expenses rather than relying on credit.
1) Financial literacy and having a written spending plan are important for debt reduction and overall financial health.
2) Most people are unaware of basic financial concepts like interest rates, credit scores, and investing principles.
3) Tracking spending habits is the first step to identifying areas to cut back, whether it's small daily purchases or larger unnecessary expenses. Savings from even minor changes can add up significantly over time.
This document provides information and advice to students about developing financial capability and managing money, including budgeting, using credit cards responsibly, finding financial advice and support, and practical tips. The key goals are to help students understand basic financial management, take control of their finances, and provide hints for budgeting and managing money. Students are encouraged to open a student bank account, use cash machines without fees, regularly check statements, and report any fraud immediately. The golden rule for credit cards is to pay the full balance each month to avoid interest charges. Budgeting involves tracking income, expenses, and occasional costs to understand finances and cut unnecessary spending. Records of financial documents should be kept for tax purposes and to check for errors. The document
Terry Brett, a finance manager and retiree, discusses personal finance topics such as budgeting, savings, credit cards, and frugality. He emphasizes the importance of creating a budget or spending plan to track income and expenses. This allows people to save for goals and emergencies. Brett notes savings should be a fixed cost in a budget. Creating and following a budget can help people gain financial control and confidence.
This document discusses the importance of financial education and provides an overview of basic financial concepts. It is published by Primerica, a financial services company, to help consumers overcome common financial challenges through knowledge. The document encourages readers to take control of their finances by learning principles like paying themselves first, eliminating debt, investing for the long term, and starting early to benefit from the power of compound interest and time. It presents savings and investment strategies as ways for working Americans to achieve financial security and independence.
This document outlines four steps to achieving financial security: 1) control your expenses by spending less than you earn, 2) increase your income through career advancement, 3) reduce debt and build savings, and 4) control risks through proper insurance. It then provides additional guidance on applying these steps at different life stages from your 20s through retirement. The overall message is that consistently following a plan of spending control, income growth, debt reduction, and risk management can lead one to the goal of financial security.
How to Become Wealthy
By Mel Feller, MPA, MHR
Mel Feller Seminars, Coaching For Success 360 Inc. /Mel Feller Coaching
Napoleon Hill, in his great book, Think & Grow Rich, describes the six steps to turn your “desires into gold.”
First: Determine exactly how much money you want to accumulate.
Second: Determine exactly what you will do to get this money.
Third: Establish the date by which you will do this.
Fourth: Create a definite plan to accumulate this money.
Fifth: Write out a clear, concise goal statement.
Sixth: Keep your goal statement at the top of your mind.
Financial management is a skill that really need to be mastered. This document covers factors that affects our usage of finances, budgeting and debt management.
Author. David Omisi
This document summarizes a presentation on financial fitness. It discusses calculating expenses and income to determine a net worth. It recommends dividing savings into categories like regular savings, education savings, and investment savings. The presentation provides tricks for saving money like spending less than earned and looking for discounts. It advises investing savings rather than just storing money. Overall, the key to financial fitness is properly managing expenses, increasing income when possible, and appropriately allocating funds to savings categories.
Job Finding Apps Everything You Need to Know in 2024SnapJob
SnapJob is revolutionizing the way people connect with work opportunities and find talented professionals for their projects. Find your dream job with ease using the best job finding apps. Discover top-rated apps that connect you with employers, provide personalized job recommendations, and streamline the application process. Explore features, ratings, and reviews to find the app that suits your needs and helps you land your next opportunity.
This document provides guidance on personal financial management. It discusses the importance of budgeting, saving for retirement, managing debt, and setting financial goals. The key recommendations are to create a budget that spends less than you earn, pay off high-interest debt first, start retirement savings as early as possible, and set specific financial goals to stay motivated to save and reduce spending. Proper management of personal finances through budgeting, savings, and debt repayment is essential to achieving financial security over the long run.
This seminar helps couples communicate about money matters, offers money and budget saving tips, and helps couples develop a spending plan for their future goals.
The document discusses 10 habits that can help develop financial stability and success. Some of the key habits mentioned include making savings automatic through regular transfers, controlling impulse spending, evaluating expenses to live frugally, investing for retirement early, keeping family secure through insurance and wills, eliminating debt through a snowball payoff plan, using an envelope system to track spending budgets, paying bills immediately or setting up automatic payments, reading about personal finances to educate oneself, and working to increase one's net worth over time through various means.
This document provides an overview of a personal finance course. The course aims to help students gain skills to responsibly manage their money and gain perspective on how finances should affect their lives. The course will cover topics like setting financial goals, maximizing income and assets while minimizing expenses and liabilities, financial planning at different life stages, and determining net worth. The overall goal is to help students attain both financial and non-financial life goals in a sustainable way.
The document provides information on money management and budgeting. It defines key terms like needs versus wants, assets and liabilities for calculating net worth. It explains that a budget is a plan for spending, saving and tracking expenses. The document outlines steps for creating a budget like tracking spending, figuring out income and expenses, paying yourself first and building an emergency fund. It also gives tips for cutting expenses and increasing income.
Budgeting and Savings with ING Driect and ACCION USAACCION East
The document provides tips and information for creating budgeting and savings plans, including the importance of setting financial goals and maintaining money management. It discusses defining goals using the SMART approach, tracking expenses, developing a savings plan, and tips for budgeting to achieve financial success.
The document provides information about personal finance topics such as savings, budgeting, emergency funds, mutual funds, insurance, and retirement planning. It discusses how to save money through proper budgeting and channelizing savings into personal capital. It emphasizes the importance of having an emergency fund equal to 6 months of expenses and parking it in liquid investments like savings accounts or sweep-in accounts. It also explains key mutual fund benefits like diversification, liquidity, and professional management. Overall, the document offers guidance on developing good financial habits and effectively managing one's finances.
Unit 1- Part c - The Ins and Outs of Budgetingcelsesser
This document discusses various factors that can impact a budget, including limited resources, one-time annual expenses, needs vs wants, opportunity cost, income vs fixed and variable expenses. It emphasizes the importance of prioritizing needs, practicing restraint, and constantly evaluating your budget to avoid deficits. An emergency fund is also highlighted as important to have savings for unexpected expenses rather than relying on credit.
1) Financial literacy and having a written spending plan are important for debt reduction and overall financial health.
2) Most people are unaware of basic financial concepts like interest rates, credit scores, and investing principles.
3) Tracking spending habits is the first step to identifying areas to cut back, whether it's small daily purchases or larger unnecessary expenses. Savings from even minor changes can add up significantly over time.
This document provides information and advice to students about developing financial capability and managing money, including budgeting, using credit cards responsibly, finding financial advice and support, and practical tips. The key goals are to help students understand basic financial management, take control of their finances, and provide hints for budgeting and managing money. Students are encouraged to open a student bank account, use cash machines without fees, regularly check statements, and report any fraud immediately. The golden rule for credit cards is to pay the full balance each month to avoid interest charges. Budgeting involves tracking income, expenses, and occasional costs to understand finances and cut unnecessary spending. Records of financial documents should be kept for tax purposes and to check for errors. The document
Terry Brett, a finance manager and retiree, discusses personal finance topics such as budgeting, savings, credit cards, and frugality. He emphasizes the importance of creating a budget or spending plan to track income and expenses. This allows people to save for goals and emergencies. Brett notes savings should be a fixed cost in a budget. Creating and following a budget can help people gain financial control and confidence.
This document discusses the importance of financial education and provides an overview of basic financial concepts. It is published by Primerica, a financial services company, to help consumers overcome common financial challenges through knowledge. The document encourages readers to take control of their finances by learning principles like paying themselves first, eliminating debt, investing for the long term, and starting early to benefit from the power of compound interest and time. It presents savings and investment strategies as ways for working Americans to achieve financial security and independence.
This document outlines four steps to achieving financial security: 1) control your expenses by spending less than you earn, 2) increase your income through career advancement, 3) reduce debt and build savings, and 4) control risks through proper insurance. It then provides additional guidance on applying these steps at different life stages from your 20s through retirement. The overall message is that consistently following a plan of spending control, income growth, debt reduction, and risk management can lead one to the goal of financial security.
How to Become Wealthy
By Mel Feller, MPA, MHR
Mel Feller Seminars, Coaching For Success 360 Inc. /Mel Feller Coaching
Napoleon Hill, in his great book, Think & Grow Rich, describes the six steps to turn your “desires into gold.”
First: Determine exactly how much money you want to accumulate.
Second: Determine exactly what you will do to get this money.
Third: Establish the date by which you will do this.
Fourth: Create a definite plan to accumulate this money.
Fifth: Write out a clear, concise goal statement.
Sixth: Keep your goal statement at the top of your mind.
Financial management is a skill that really need to be mastered. This document covers factors that affects our usage of finances, budgeting and debt management.
Author. David Omisi
This document summarizes a presentation on financial fitness. It discusses calculating expenses and income to determine a net worth. It recommends dividing savings into categories like regular savings, education savings, and investment savings. The presentation provides tricks for saving money like spending less than earned and looking for discounts. It advises investing savings rather than just storing money. Overall, the key to financial fitness is properly managing expenses, increasing income when possible, and appropriately allocating funds to savings categories.
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3. Learning Objectives
In this session, we will set you on a path to:
Identify/Develop your financial goals
Examine how financial values come into play
Discuss basic budgeting terminology and principles
Explore tools to develop your personal budget
Talk about challenges and barriers to budgeting
Discuss ways for you to track your financial health and
progress
4. Trigger Warning
Money Management can stir up “stuff” within us:
Anger
Guilt
Frustration
Sense of Hopelessness
Anxiety/Fear
Avoidance
5. Why Budget?
Budgets are a necessity to take control of personal
spending, saving, and debt.
The loudest voices in finance come from corporations
that do not have your best interest in mind.
Living beyond your means is a dangerous practice.
Many individuals don’t realize they are overspending
until they are deeply in debt.
Credit cards and easy access to funds make it easier to
be mindless about spending.
The absence of a budget is one of the greatest
contributors to stress about money matters.
6. Health and $$
A 2013 study by Northwestern’s Feinberg School of
Medicine showed that young adults (24-32 years old) in
debt had higher blood pressure levels and exhibited
more depressive symptoms than their debt-free
counterparts.
The same study showed the higher the debt-to-asset
ratio, the higher perceived stress and depression and
worse self-reported general health.
(Sweet, McDade, Adam & Nandi, 2003)
7. Start From Scratch
Whether you have a budget that is giving you challenges
or have never created one – let’s wipe the slate clean!
Have a healthy dose of skepticism toward information
available on finances; choose websites, books, and
magazines wisely
Empower yourself to become an expert on your personal
finances. (No ostriches allowed!)
8.
9. Financial Decision-Making
Whether we are conscious of it or not, our values
determine how we use our money.
Any financial goals you create are an extension of your
values.
Financial hardship often comes when we stop paying
attention to the connection between our values and our
money.
Take a moment and write down 5 of the values that you
hold to be central to your identity.
10. Where to Begin?
Your Financial Snapshot: The Net Worth Statement
Your personal net worth is the difference between all of
your assets (things you own) and liabilities (debts you
owe).
Your net worth statement is a complete list of all of
these items and their current values.
Having concrete knowledge (not a “guesstimate”) of
your net worth allows for the best starting point for the
budgeting process.
12. Assets
Real Estate
House
Land
Rental Property
Personal
Property
Vehicles
Campers/RVs/Boats
Household
Goods
Furnishings
Jewelry/Furs
Electronics
Money Owed to
You
Rental Deposits/Utility Deposits
Other Assets
Life Insurance (only with cash
value not term policies)
13. Liabilities
Loans
Mortgages
Home Equity Loans
Vehicle Loans
401(k) Loans
Student Loans
Credit Card Balances
Taxes Owed
Real Estate Taxes
Unpaid Income Taxes
Quarterly Estimated
Taxes
Other Debts
Unpaid Bills Due
Alimony
Child Support
Miscellaneous
14. Creating a Net Worth
Statement
Start by listing everything that you own, even if you still
owe money on them, such as house, car, etc. ( ALL
ASSETS)
List all items at their current market value today.
Add up all assets and subtract cumulative liabilities.
If number is positive, CONGRATS! You have a positive
net worth. Your goals will be focused on building
wealth.
If the number is negative, DO NOT DESPAIR. Your
journey beginnings with working toward a positive net
worth.
15. Why Financial Goals are
Important
“Goals are like the wheels on your car; they keep you
moving in the direction you want to go, and you won’t
get very far without them.” – Davidoff
Working toward goals brings a sense of accomplishment
and diminishes stress.
Financial Stewardship is a theological value.
16. Name Your Short-Term
Financial Goals
Determine what your goals are for the near future
start small, for example, for the academic year.
Samples:
Not accrue more than $$ in student debt this year
Pay off my car
Save up an emergency fund for unexpected life events
Pick 2-3 and write these goals down…….seriously, do it!
Display them in a location where you will be reminded
of them often.
17. Developing Your Budget
Once you have your net worth statement and have
created some financial goals, you are ready to create
your budget.
Your Budget = your tool for attaining your goals
The term “budget” can bring negative imagery to mind
(penny-pinching, stress, etc.). Choose your ‘tude!
A budget is a spending plan. Nothing more.
Controlling spending makes saving effortless.
18. Signs of a Good Budget
It should be Realistic
Has some flexibility to meet the changing demands of
life
Allows progress toward your goals
Should be simple enough that you can manage it in the
time you allot
Should reflect the your financial values
19. Customizing Your Budget
List and add all your sources of income for one month
(MONEY IN):
Wages from job/s
Student Loans (a monthly total)
Child support/alimony
Rental income
Interest income/Dividend income
Child support and/or Alimony Income
Other sources of income (family support?)
20. Customizing Your Budget
Next, list all of your expenses for one month (MONEY OUT):
Savings (list me first)
Mortgage or Rent
Utilities
Auto Expense/Other Transportation
Tuition
Groceries/Eating Out
Insurance (auto, medical, home)
Medical Expenses (out-of-pocket)
Entertainment/Recreation
School Supplies (Computer, Books, etc)
Child Care
Credit Card Payments
Clothing/Shoes
Gifts and Donations (Tithes)
Household/Personal Care Products
Miscellaneous
21. Pete the Planner
The following are recommended guidelines for the most common
financial categories in budgets:
Rent/Mortgage – 25%
Utilities/Phone – 10%
Transportation – 15%
Groceries/Dining Out – 12%
Savings – 10%
Entertainment – 5%
Medical 5%
Gifts/Donations – 10%
Clothing/Shoes – 5%
Misc. – 3%
These are guidelines, not universal laws, but try not to stray too far
from these figures.
22. Setting Your Budget
Figures
Set a realistic spending goal for each category
First, figure out where you money is going now – how
much to each category and use that as a guide
Track the small expenditures – trips to Starbucks, iTunes
downloads, snacks from across 21st Ave.
23. Keep it Simple-Go Digital!
Mint.com – use it!! (Basic edition is free)
Links to all bank accounts, mortgage, credit cards, and
more…
Creates a net worth statement
Notifies you of upcoming bills and recent transactions
Allows you to enter receipts immediately via the phone
app
Helps you set a budget and gives real-time updates on
where you are with regards to your goals
Displays everything in pretty and easy to understand
charts and graphs
24. Monitor Progress
Monitor your progress each month
Celebrate each victory
Plug any “spending leaks”
Impulse buys
Grocery indulgences
Over-purchasing (phone plans, cable TV, anything that you
are paying for and don’t really use/need)
25. Top 10 Personal Finance
Tips
From “The Everything Personal Finance in Your 20s and
30s Book,” by Howard Davidoff, JD, CPA, LLM”
1. Make the effort to educate yourself about personal
finance. Read financial magazines and good financial
books and use well-known, reputable sites on the
Internet.
2. Budget! Operating without a budget is like driving a car
without a steering wheel. You don’t have control over
where you are headed.
3. Save the pennies and dollars will save themselves. Lots
of small amounts add up to big savings.
26. Top 10 Personal Finance
Tips
4. Pay cash. If you can’t afford to pay cash, maybe you
can’t afford to buy.
5. Always think about opportunity costs. You may not be
paying for something directly, but giving up the
opportunity to make money is a real cost.
6. If possible, take savings out of your paycheck before you
see it. After a while you will get used to spending on
the lower amount, while your savings grow.
7. Be a smart shopper. Don’t buy cheap items that won’t
last and don’t pay for bells and whistles that you don’t
need or won’t use.
27. Top 10 Personal Finance
Tips
8. Know how to recognize the warning signs of too much
debt, and if you see yourself headed for trouble, act
quickly, before you ruin your credit score.
9. Don’t go without some type of medical insurance, even
if you can only afford a policy with a very high
deductible. If you become ill or are injured in an
accident, the medical bills could ruin you financially.
10. Remember, most millionaires are just average people
who practiced sound financial principles like those in
this book. You could be one of them.