When it comes to tackling that stubborn debt or saving up for that well earned retirement, many consumers tend to search for long and complex answers. After all, if the process of erasing debt and saving up for retirement can take decades, then that means that the best financial advice should be equally as lengthy, right?
Actually, some of the best debt-busting advice revolves around the oldest sayings in the book. Get ready to simply your money woes by following these little nuggets of financial advise, all of which are ten words or less:
No matter what, always make sure you put aside money from each paycheck. It can be easy to think that beating debt is all about making the big bucks; however, even the smallest contribution to your debt is a step towards the financial freedom that you've longed for. Small but steady steps are the surest way to win the debt race, and will turn that mountain of bills into a small molehill in no time.
Know the difference between your needs and wants. Food for your family? That's a need. Grabbing that expensive latte twice a day? That is most certainly an expensive want. It's easy to blur the line between needs and wants, especially when you're accustomed to a luxurious lifestyle. However, getting rid of your debt means determining the difference between needs (food, shelter, utilities, retirement, etc.) and wants (that expensive mp3 player, designer purses, etc.).
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. Your credit cards make it easy to go out and purchase whatever it is that you want; yet if you want that big-ticket item, save up for it instead of putting it on your plastic. You'll feel better whenever you look at that new HDTV knowing that it's completely paid off instead of accruing interest on your credit card!
If you need money, make money. Feel like you don't have enough money to take a sizable chunk out of your debt? Then stop moaning about it, go out there and do something about it! You don't have to get a second job - even selling the junk in your garage will help to supplement your income.
Actually, some of the best debt-busting advice revolves around the oldest sayings in the book. Get ready to simply your money woes by following these little nuggets of financial advise, all of which are ten words or less:
No matter what, always make sure you put aside money from each paycheck. It can be easy to think that beating debt is all about making the big bucks; however, even the smallest contribution to your debt is a step towards the financial freedom that you've longed for. Small but steady steps are the surest way to win the debt race, and will turn that mountain of bills into a small molehill in no time.
Know the difference between your needs and wants. Food for your family? That's a need. Grabbing that expensive latte twice a day? That is most certainly an expensive want. It's easy to blur the line between needs and wants, especially when you're accustomed to a luxurious lifestyle. However, getting rid of your debt means determining the difference between needs (food, shelter, utilities, retirement, etc.) and wants (that expensive mp3 player, designer purses, etc.).
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. Your credit cards make it easy to go out and purchase whatever it is that you want; yet if you want that big-ticket item, save up for it instead of putting it on your plastic. You'll feel better whenever you look at that new HDTV knowing that it's completely paid off instead of accruing interest on your credit card!
If you need money, make money. Feel like you don't have enough money to take a sizable chunk out of your debt? Then stop moaning about it, go out there and do something about it! You don't have to get a second job - even selling the junk in your garage will help to supplement your income.
About the Author:
Alan Fleming writes for a specialist provider of loans for consolidation based in England. If you are looking for debt consolidation loan then we can help you today.
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