Let's face reality. Today's current economic situation is not very good. Times are tough for people ...

1. Economic Advice To aid You Stay On Top Of Your Monetary
Matters
Let's face reality. Today's current economic situation is not very good. Times are tough for people all
over, and, for a great many people, money is particularly tight right now. This article contains
several tips that are designed to help you improve your personal financial situation. If you want to
learn to make your money work for you, keep reading.
When you need to borrow money, ensure your personal finance stays safe by never going over 30%
of your income. When people borrow more than 30% of their income it can drastically reduce your
credit score. So as long as you stay within these safe parameters you can enjoy having good credit.
Extended warranties can bring down your personal finance. Just about every product made, comes
with a warranty that lasts for 90 days or even up to a year. This is when the components are most
likely to break. By purchasing an extended warranty, you could potentially just be throwing money
away. This is especially true with electronics because they improve so rapidly, that you will end up
buying a new one, before the warranty is up.
Try using cash to pay for all of your purchases next week. When you buy goods with cash instead of
plastic credits cards, it is easier to see exactly how much money you are parting with. Also, if you
don't have a credit card on your person you can avoid impulse buys.
To better maintain your finances, it is a good idea to have two separate bank accounts. Use one for
your monthly expenses like rent, bills and food, and the other to save for
http://www.taxcalculator.org/ emergencies or major purchases. It is also sensible to put money away
in an account you never touch so you can build up your savings.
Manage your finances at a bank that offers a free checking account. Even if the fees seem small,
having a checking account that charges fees every month can drain hundreds of dollars a year from
your account. Many banks and credit unions still offer a totally free checking account option.
Make sure to always pay yourself first. You should be putting at least 10% of your pre-tax income
into a savings account. This is the money that is going to keep you from losing the house during an
emergency. Do not skip on it and do not forget about it.
The best way to save money at a grocery store is by using coupons. Between in-store values and
coupons, you could drastically reduce your grocery bills to ease finances. And nowadays coupons are
not just available in newspapers, they are also available on many websites online. You can just print
them out from your computer!
Make sure you keep track of what you are spending. This will allow you to see exactly what you are
spending your money on, and you will be able to see places where you can easily save some money.
For example, instead of buying a $5.00 coffee, you can just make coffee and buy a travel mug.
Sometimes one form of a good is just as good but cheaper than another. Frozen vegetables are often
a great example; frozen green beans are just as crisp and tasty as fresh green beans, and often more
nutritious due to nutrient degradation after travel time, but cost half as much or less, especially

2. during the winter.
You should always be up front with your
spouse about your spending if you want
your financial situation to remain steady.
Lying can not only cause a rift in the
marriage, but you might be locked out of
the account or be knocked off of the credit
cards. And if you manage to pile up the
debt with secret spending, you're hurting
the entire family's umbrella services
financial situation.
Be realistic when it comes to saving. Some people find it very easy to save money, others, not so
much. If you've never been able to successfully save money in the past, don't think that you will
suddenly be able to save hundreds of dollars a month. Start small, and get used to the habit of
putting aside an amount each month. Once you see it starting to grow, you can increase the amount
of money that you save.
Put a small amount into savings on a daily basis. Avoid grocery shopping when you are hungry; make
a comprehensive shopping list that will cover at least a week's worth of food, stick to that list and
take advantage of the sales to stock up. You should be willfully ready to buy food that is on sale.
To make sure your checking account isn't a drain on your finances, take the time to find a truly free
checking account. Some checking accounts claim to be free, but have high minimum funds
requirements or will charge a fee if you don't have direct deposit. This can put you in a bad place if
you become unemployed. A totally free checking account will allow you to make the best use of your
finances no matter what your situation is.
Develop diverse streams of income. Don't get stuck depending on a single source. This will help you
be prepared for any changes that occur which might have adverse effects your income. Don't judge
opportunities to earn money by the amount, but rather the ratio of reward in proportion to
investment of time and energy.
Use any credit cards that you intend to keep. Credit card issuers can and do shut down or decrease
credit lines for accounts that are not profitable. However, while it is best to use each credit card
regularly, you should still pay them off in full every month to avoid having to pay any interest.
Obviously, you need to have a budget which allows for a monthly credit card payment, and you have
to stick to it.
Always try to pay your bills before their due date. If you wait too long, you'll end up incurring late
fees. This will just add more money to your already shrinking budget. The money you spend on late
fees could be put to much better use for paying on other things.

3. Anyone who makes very little money and has trouble
paying his rent should get on the waiting list for
Section 8 housing as soon as possible. Due to the
economy, waiting lists for Section 8 housing are very
long, with average waiting times of 1-3 years. Some
people, such as those with certain disabilities, can
get into units somewhat faster.
You have read many tips that will help with your
personal finance. Try out these tips and you will be
able to achieve your financial goals easily. Having
the knowledge of what to do is half the battle, now it
is up to you to follow the advice given.