Three Great Budgeting Tips

by Tom Tousignant

in Budgeting, Financial Safety, Wealth Building

One, carry a pad of paper with you wherever you go and document every penny of your spending for 14 days. You’ll be amazed at how much money you’re spending on things you don’t need. 

Two, carry cash and use it instead of credit cards. You’ll definitely spend less because you’ll physically see dollars coming out of your wallet and purse. With credit cards, it is too easy to spend money that you don’t yet have and then end up with Credit Card balances that you can’t pay in full each month.

Three, every time you get a paycheck, go online and pay all your credit card balances to $0.  This way, your balances will always be low, and you will always keep them from getting away from you.  This will maximize your credit score as well.

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