With the rising costs of nearly everything, it can be really tough to control your finances. There are always unexpected expenses. Plus, ever-increasing gas prices directly affect the transport costs of food and other basic necessities. If you’re on a tight budget to begin with, finding the money to set aside for a rainy day, something special, or retirement can feel almost impossible to accomplish. It’s even more of a mystery how people in your financial bracket always seem to have a nice car, clothes or money to go out. How do they do it? What’s their secret? Here are some simple changes that may help you make some helpful adjustments to your finances.
1) Create a list of goals
Create an achievable list of financial goals, small goals are a good way to start. Begin with reasonable expectations such as putting a small percentage of your paycheck into a savings account. The average person doesn’t have a rainy-day fund for emergencies or unexpected expenses, so it’s a good place to start. Depending on your level of income, obviously goals will vary. Whether its saving for retirement, or just being able to afford a night out occasionally, the best way to start is with a realistic assessment of your income, bills and budget. Making and sticking to a budget takes willpower and discipline, but the end result may surprise you in a good way. Not the “I’m short on my rent because I blew a tire” way.
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