With an economy still feeling sorry for itself and consumer spending still bloated, there has never been a better time to streamline ships and save money. The thing is, it's all too easy to say you'll save money, but without a valid plan your best efforts will be in vain.
With that in mind, we've decided to put together some personal finance tips to help you get off to a good start. There are many sites like http://thefinancebridge.com/ from where you can find some more money-saving tips.
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1) Spend less than you earn. It's a pretty straightforward proposition, but it's the backbone of absolute success in avoiding debt. When your expenses exceed your monthly income, you don't have to be a genius to know that something has to change. First, sit down and find out where all your money is going, write down all your expenses and don't miss a thing.
2) Pay off your credit card debt. Pay, then cut into small pieces. Credit cards encourage you to spend more than you should and then charge you up to your nose for pleasure. If you have credit card debt, please pay it off as soon as possible. Paying the minimum payment is also not enough as it barely covers the interest. You have to pay as much as you can and never use it again. This also applies to cards in the store.
3) Save. The more savings you have in the bank, the more insurance you will have if something goes wrong. You don't need to save, a small amount per week is sufficient.