.....the other F word
This topic scares people. It scares us so much that it has become socially acceptable to not learn. We blame school for not teaching us, but take no initiative to learn on our own. So many people don't have credit cards because they do not trust themselves with the responsibility. This alone is leaving money on the table. If you get a credit card and pay for everything on it, but immediately transfer money from your bank to your credit card, then you can never overspend, BUT you can earn points and rewards that will pay for purchases and travel!
- Pay double your smallest bill
- Get a credit card and begin to practice financial responsibility with it
- Have a friend or relative as an accountability buddy.
- Make a list of your bills. See if you can cut any expenses out. Average your weekly and monthly expenses to create a budget (budget creation instructions below).