A new year is a new way to spend your money wisely. Money
sitting at home -- which most did in 2016 -- is certainly a no-no. It's time to
spend money in the right places.
Great Commitments Must Have Great Value
A rule of thumb: if the product does not last for more than
10 years, it's not worth a great financial commitment. Don't go for that big
new Ferrari or something as simple as your daily Starbucks fix; instead, invest
in your retirement as much as you want.
Manage Your Credit Card Debt Well
Credit scores are like report cards; they tell banks about
your financial performance and if you do well, they can provide you the means
to bridge the gaps in your financial needs. Manage your credit debt excellently
and you can significantly lower interest
rates for future financial commitments.
Tech the Spreadsheets
Learn how to use software programs that help you manage your
finances in macro. Learn how to use spreadsheet software such as Microsoft
Excel to manage your finances. Apps such as GoodBudget allow you to see your
financial spending. Nipping the issue in the bud is easier if you have a
bird's-eye-view of everything you earn, owe and spend.
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