piggyback bankIf you are like me, you graduated from the university and perhaps even taken a credit or class accounting here or there, but you do not learn something about managing your finances personal. In fact, it was probably not even an opportunity to take such a class is at a high level in school or college. But if the school is in part on training us for a job, should not we learn what to do with the money we earn a job? Especially in a country where 45% of college students are in debt to credit card and 40% of all Americans say they live beyond their means, I think it is time to wise to some of the challenges the management of money. Some (for example, 102) simple rules can help get your financial life (back) on track.
The painfully obvious, but rarely followed advice
1. Pay yourself first. Try to shelve at least 10% of your pre-tax result in a savings account.
2. Spend less than you earn. Although this seems obvious, Americans are known to do exactly the opposite. Stop spending and start saving.
3. Pay your bills on time. Avoid late fees and know how much money you actually.
4. Avoid debt to the extent possible. Student loans and mortgages can be "good debt", but even in this case to charge accounts a priority.
5. Set a budget. And live by it. Use a computer program or just a paper and a pencil. Whatever.
6. Set concrete goals. Know when you want to buy a new house, when you want to retire, and how you expect each cost you.
7. Have an emergency fund. Have at least three months' income (some say six) in a high-yield savings account that can be easily accessible.
The painfully obvious, but rarely followed advice
1. Pay yourself first. Try to shelve at least 10% of your pre-tax result in a savings account.
2. Spend less than you earn. Although this seems obvious, Americans are known to do exactly the opposite. Stop spending and start saving.
3. Pay your bills on time. Avoid late fees and know how much money you actually.
4. Avoid debt to the extent possible. Student loans and mortgages can be "good debt", but even in this case to charge accounts a priority.
5. Set a budget. And live by it. Use a computer program or just a paper and a pencil. Whatever.
6. Set concrete goals. Know when you want to buy a new house, when you want to retire, and how you expect each cost you.
7. Have an emergency fund. Have at least three months' income (some say six) in a high-yield savings account that can be easily accessible.
