Keys to Controlling Your Finances

Keys to Controlling Your Finances
1. Income
* Earn it before you spend it.
* Let your money work for you.
* Deposit 10% - 15% of each paycheck into your savings.
2. Credit Cards
* Have a card with no annual fee.
* Don’t use for perishable items.
* Pay it off each month.
4. Savings Accounts
* If you don’t have one, get one.
* Make a deposit every time you go to the bank, even if it is only one dollar.
* Never “Rob The Piggy Bank”
* Savings are for saving, not short term loans for things that come up, or bills that you can’t pay today.
5. Be Frugal
* Shop around for the best price.
(I.e. insurance, long distance telephone services, rent)
* Eat at home instead of eating out.
* Use coupons at the grocery store.
* Don’t buy on payments, unless it appreciates.