1. Understand the difference between wants and needs. Don't be afraid to say no when it's time to cut back. You don't have to buy something just because you want it, so make sure that you're not making decisions based on your emotions.
2. Make a budget and stick to it. If you don't know where your money is going, then how are you supposed to get it back? You'll be surprised by how much more contented you feel once you've made a plan and started tracking your spending.
3. Save up for something special but don't blow all your money on it! Save up for a vacation or even a new car, but don't put all your eggs in one basket if that basket happens to be your savings account!
4. Compound interest can work for you but only if you leave enough room for its benefits! When interest rates go up, as they did in 2008, compound interest can help make up for lost profits from investing early on in an emergency fund or other investment vehicle (like stocks).
5. Change habits that aren’t working for you, and do what it takes to make them happen.
6. Don’t wait until you have enough money saved up to buy something before you get started!
7. Develop the habit of spending close to nothing on yourself every month so that when life presents opportunities for frivolous items, you already have a lot of savings built up and can live without them until the time comes when you can afford them again without having to worry about running out of money first!
8. Build an emergency fund into your budget plan so that no matter how things go in life, you always have enough resources available when needed most (and not just because someone else said so)!
2. Make a budget and stick to it. If you don't know where your money is going, then how are you supposed to get it back? You'll be surprised by how much more contented you feel once you've made a plan and started tracking your spending.
3. Save up for something special but don't blow all your money on it! Save up for a vacation or even a new car, but don't put all your eggs in one basket if that basket happens to be your savings account!
4. Compound interest can work for you but only if you leave enough room for its benefits! When interest rates go up, as they did in 2008, compound interest can help make up for lost profits from investing early on in an emergency fund or other investment vehicle (like stocks).
5. Change habits that aren’t working for you, and do what it takes to make them happen.
6. Don’t wait until you have enough money saved up to buy something before you get started!
7. Develop the habit of spending close to nothing on yourself every month so that when life presents opportunities for frivolous items, you already have a lot of savings built up and can live without them until the time comes when you can afford them again without having to worry about running out of money first!
8. Build an emergency fund into your budget plan so that no matter how things go in life, you always have enough resources available when needed most (and not just because someone else said so)!
