Spend less than you earn
Spend less than you earn and invest the difference. Pay off your credit cards in full each month. Don’t buy things you don’t need.
Short messages on Finance and money issues from Respect Yourself, the guidance site for young people to help make good decisions in life.
Spend less than you earn and invest the difference. Pay off your credit cards in full each month. Don’t buy things you don’t need.
Keeping your budgeting simple makes it more likely you’ll stick to it. If your finances seem too complicated, go back to the basics. Create a simple budget organised by category, and tweak it every now and then.
By using the debt snowball method, you can pay off all your debts in a substantially shorter time, getting you debt-free quicker and paying less interest overall.
The debt-snowball method is a debt reduction strategy. As each smaller debt is repaid in full, the monthly money used to pay that debt is then applied toward making additional payments on the next-smallest debt, and so on until all debts are repaid.
Central heating systems may have a programmer (to set the on/off times), a thermostat (to turn it on if it falls below a specific temperature) or both. Fitting a thermostat could save you energy.
Whatever it is you spend your money on, it’s either supporting the things you really care about in life, or it’s taking away from them through waste.