My 40 Tips

For a Financially Easy Life

#1 Take Charge of Your Life and Your Money

Make a plan. Have a mental or real list of your goals and plans to reach them. Make sure your goals are





Time Bound

#3 Get Organized

Just take a few hours to sot down and get financially set. Create a booking system to keep track of payments and withdrawals. Just make sure to keep up with it!

#14 Make School Your First Job

#10 Use Loans as a Last Resort

Although loans may seem like an easy way to pay for things without having to worry about it, they can ruin you credit and but you in debt for decades.

#23 Pay Your Rent on Time

This may seem like a no brainer, but late payments do have more troubles than you may assume. Paying bills on time effects your credit, which may not catch up to until you are trying to buy a home or lease a car.

#31 Create a Budget and Stick to it

If you're struggling to get a handle on your finances, a budget may be your best tool for finally taking control of them. The goal of creating a budget is to promote saving as well as to prevent overspending. First Categorize expenses and determine income. Next to each item, note whether the expense is a one-time expense, a weekly expense, etc. Next, you want to research the many ways you can reduce expenses. The best way to stick to your budget is to set achievable goals. Review your budget on a regular basis and make adjustments as necessary.

#36 Get into Saving Habits

Pinpoint what you really want and what it will cost. Set a realistic goal, such as giving yourself six months to save for it.Put a jar in a prominent place, and empty your change into it at the end of the day. Whenever you get an unexpected windfall, such as a holiday bonus, or cash gift, put it into your savings account. You weren't counting on this money as part of your regular income, so don't spend it as such. Think of this as your new car account, for example. When you finish paying off a loan, keep making the monthly payments, but to yourself. As you've already been making the payments for months, you should be able to continue living without the extra cash. Put the payments into a savings account if you can.

#7 Understand Your Financial Aid

If you have not given much thought to financial aid prior to this point, it can be a very frustrating experience. Start planning now on how you are going to afford the next few years of your life. Grants,Scholarships, Loans, etc. are all types of financial aid colleges can give you to help to pay for for their school. However, people in different situations get different types and amounts of help. Gift aid for example that is awarded based on a variety of factors, such as academic achievement, leadership, field of study, and or financial need.