Even if you feel you’re doing pretty well with your finances, you could probably stand to make a few changes to your financial habits. If you’d like to stay a little more on track with your money this year, here are a few things to consider…
Be cautious with credit: A credit card can be a valuable tool, but if it’s abused, it can quickly create a mountain of debt. Only use your credit card for purchases you will pay off each month. Cards can be a great way to improve a credit score, but always make sure you’re being careful when paying with plastic.
Be on the lookout for savings: It doesn’t matter what you’re buying, you can probably find it cheaper somewhere else. Have you looked online? You’ll probably find exactly what you’re looking for on the internet, and usually for a lot less. If you don’t feel like waiting for something to be shipped, see if the store will price match your online price.
Stop forgetting to pay bills: Have you mapped out your monthly bills and their due dates? If you’re not a very organized person, it may be time to design an auto pay schedule that will keep you from missing any payments. Paying your bills on-time is must if you want to keep your credit score up.
Embrace frugality: No matter how much money you make, you should always try to spend less than you want to. You’ll be glad you filled up that savings account when an emergency arises.