Simple reminders to keep you mindful of your finances
- Spend less than you earn. This one, simple practice will save you a world of trouble. As Dave Ramsey says, "act your wage."
- Use your bank’s auto-pay system. Setting your recurring bills on auto-pay helps ensure you’ll never miss a payment and incur costly late payment fees.
- Limit others’ access to your money. Beyond creating strong passwords, make sure you maintain control by sending payments rather than allowing others to draft your account.
- Read the fine print. Don’t sign any financial documents until you understand exactly what you’re agreeing to.
- Keep college loans under control. Don’t spend more on higher education than you’ll earn in the first year.
- Protect yourself and your family. Cover the basics with life, health, home and auto insurance.
- Pay down debt. It really doesn’t matter if it’s good or bad debt. Simplify life by getting rid of any debt that’s hanging over your head.
- Educate yourself. Protect against scams by arming yourself with information from multiple independent sources.
- Practice giving. Sharing your wealth with others fosters an attitude of abundance that permeates your entire life.
- Pay yourself first. Every time you earn money, set aside a predetermined percentage for both long- and short-term savings.