If you've been trying to tackle your debt or save up for a new home for some time now, you may be tempted to seek out long and complicated advice to help you in your quest. After all, if getting rid of debt and saving up for a big purchase can take months or years, then surely financial advice should reflect this long and complicated process, right?
Actually, some of the best financial advice comes from the oldest proverbs and wives tales around. Get ready to simplify your financial struggle by following these little pearls of wisdom, all of which are written in ten words or less:
Put aside money whenever you get paid. It can be all too easy to believe that it takes big chunks of money to get rid of your debt, not to mention winning a few lotteries here and there! However, even the smallest contribution towards your credit card debt or your mortgage will take you one step closer towards the financial freedom that you've been dreaming about. Small but determined steps will always get you to the finish line, while waiting for that lottery win will hardly get you to where you need to go!
Know the difference between needs and wants. Thanks to the recession, it's almost certain that you've heard this advice before; however, it couldn't be more spot on when it comes to straightening out your finances. Needs are things like food, shelter, utilities and other items that make your household work - wants are luxury electronics, brand-name clothes and other splurges that will just plummet you further in the paycheck-to-paycheck cycle.
Buy quality. Sure, being smart with your money is all about finding cheaper purchases when you can; however, if you can comfortably buy a high-quality item, then by all means do so. Why is this, you might ask? Simple: high-quality items are typically backed by a company who will fix the item when it breaks down or ceases to work. This will save you loads of money on maintenance in the long run.
Save today what you want tomorrow. Yes, credit cards have certainly made it easier for consumers to purchase items that would otherwise take months to save for. However, that old proverb is certainly helpful to keep in mind when managing your finances, as you'll never escape debt if you continually outspend your income. If you want that HDTV, put aside money at the end of each month towards it. When it finally graces your living room, you won't be reminded of credit card bills every time you look at it.
If you need more money, make more money. Feel like your income isn't enough to pay off that debt? Then stop complaining and make more money. You don't need a second job in order to make a considerable chunk of change that can be put towards debt; instead, sell old books and clothes on ebay or have a garage sale with your family members and friends. That extra income will go a long way towards paying off your debt, not to mention give you extra room to breathe in your budget!
Actually, some of the best financial advice comes from the oldest proverbs and wives tales around. Get ready to simplify your financial struggle by following these little pearls of wisdom, all of which are written in ten words or less:
Put aside money whenever you get paid. It can be all too easy to believe that it takes big chunks of money to get rid of your debt, not to mention winning a few lotteries here and there! However, even the smallest contribution towards your credit card debt or your mortgage will take you one step closer towards the financial freedom that you've been dreaming about. Small but determined steps will always get you to the finish line, while waiting for that lottery win will hardly get you to where you need to go!
Know the difference between needs and wants. Thanks to the recession, it's almost certain that you've heard this advice before; however, it couldn't be more spot on when it comes to straightening out your finances. Needs are things like food, shelter, utilities and other items that make your household work - wants are luxury electronics, brand-name clothes and other splurges that will just plummet you further in the paycheck-to-paycheck cycle.
Buy quality. Sure, being smart with your money is all about finding cheaper purchases when you can; however, if you can comfortably buy a high-quality item, then by all means do so. Why is this, you might ask? Simple: high-quality items are typically backed by a company who will fix the item when it breaks down or ceases to work. This will save you loads of money on maintenance in the long run.
Save today what you want tomorrow. Yes, credit cards have certainly made it easier for consumers to purchase items that would otherwise take months to save for. However, that old proverb is certainly helpful to keep in mind when managing your finances, as you'll never escape debt if you continually outspend your income. If you want that HDTV, put aside money at the end of each month towards it. When it finally graces your living room, you won't be reminded of credit card bills every time you look at it.
If you need more money, make more money. Feel like your income isn't enough to pay off that debt? Then stop complaining and make more money. You don't need a second job in order to make a considerable chunk of change that can be put towards debt; instead, sell old books and clothes on ebay or have a garage sale with your family members and friends. That extra income will go a long way towards paying off your debt, not to mention give you extra room to breathe in your budget!
About the Author:
George Herd writes for a specialist provider of credit card consolidation loans based in GB. If you are looking for debt consolidation loan then we can help you today.
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