Sunday, November 4, 2018

Why You Should Keep Your Finances In Order


If you are anything like me, you are a bad spender. I have learned over the years to keep my finances in order so that I am never in a rut or bad financial situation again. I have learned about fiances from Chase Rubin and I was thrilled with the knowledge at hand. With that said, I want to share some of my own with you. 
  • Shop ALONE- When you shop alone, you are less inclined to purchase more items. Take this for example, you take your girlfriend Betty shopping with you and you try on the cutest top. You decide you don't need it because it will cost you $100 that you really shouldn't be spending. Betty being the amazing friend she is, will tell you how amazing you look! "Girl OMG! You don't know if this will be here next time!". You will more than likely make that impulse purchase that you wouldn't have done beforehand.
  • Ditch Overdraft Protection- If you don't have it immediately available, or you get THAT LOW on money, don't spend it. Just because overdraft protection is there, doesn't mean that you need to use it. You are just going to spend money you really don't need to be spending to cover that overdraft fee. It isn't smart, unless it is a dire emergency.
  • Set Up A Budget- Setting up a personal budget for spending or paying bills will come in your favor in the long run. Track your expenses in each category. This ranges from bills, to gas, groceries and even a little "me" money. Setting a budget and having it on paper will work in your favor in the long run. This will let you see where your money is going to go for everything, and it will give you the chance to set aside an amount to stack up your savings account too. This is another chance to avoid overdraft on your bank because sometimes we do forget about that Netflix or Hulu account and yes, a simple $10 overdraft CAN cost you $50 in overdraft fees that you don't need to lose!
  • Set Financial Goals- Use numbers and dates, not just words, to describe what you want to accomplish with your money. How much debt do you want to pay off—and when? How much do you want saved, and by what date?
  • Pay Off Debts- You can start with  paying off the small debts or even calling to see if they will settle. Most bill collectors will knock off 90% of the bill if you call and are willing to make a payment same day. If your debts happen to hit your credit report already, you can pay it off and get it removed. Bad Credit doesn't look good on anyone, honestly. 
  • NEVER CO-SIGN ON ANYTHING EVER- Here's the deal, yes, you may feel like you owe it to someone to help you, but at the end of the day, even if you know they will pay their bill, stuff happens. Amy could lose her job due to circumstances out of her control and YOU will be held liable. Now, that will suck. You don't need someone else's financial obligations on your hands if they can't pay. Talk about a nightmare situation here. 
I hope you enjoyed the tips that I gave you! Check out Chase Rubin, learn some financial advice, you won't regret it. I know I didn't! 


0 comments:

Post a Comment

Thanks for visiting! If you have any questions or concerns, please email me at bbrown@thesmallthings89.com! ~Bre