3 answers
Noah
Student
New Jersey, New Jersey
1
Question
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What are some tips you have for being money responsible?
I'm trying to get my family in a comfortable spot with money
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3 answers
Maranda L Carlson
take calls
1
Answer
Mankato, Minnesota
Updated
Maranda L’s Answer
There are many tips and tricks that can really help you manage your money. A few that I have learned myself are to ensure you are aware of the differences between a want and a need. To pay bills when they come out so they are not out of sight out of mind (if you set up auto pay to continually check it). Ensure that you are taking money out of each paycheck to go into three different accounts (emergency, vacation, savings). Another thing I had done as well is for any big purchase I would tell myself that I would have to match half of what that was and put it away into my savings (depending on the pusches).
Mary Rebekah Fritz-Gonzalez
Compliance
11
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Orlando, Florida
Updated
Mary Rebekah’s Answer
Morning! I would say the biggest tip is to live below your means and try to have a savings for emergencies that equal three months of your normal budget.
Adrianna Dunn
2
Answers
Updated
Adrianna’s Answer
Here are some tips for being financially responsible:
1. Create a budget and stick to it. This means tracking your income and expenses, and making sure that you are not spending more than you earn.
2. Avoid impulse purchases. Before making a purchase, ask yourself if you really need it, and if you can afford it.
3. Save for emergencies. It's important to have a fund set aside for unexpected expenses, such as car repairs or medical bills.
4. Pay off debt. If you have debt, make a plan to pay it off as soon as possible. This may involve making extra payments or consolidating your debt.
5. Invest for the future. Consider investing in a retirement account or other long-term investments to help you achieve your financial goals.
6. Live within your means. Don't try to keep up with others who may have more money than you do. Focus on your own financial situation and make responsible choices based on your income and expenses.
7. Educate yourself about personal finance. Read books, attend classes, or seek the advice of a financial professional to learn more about managing your money.
1. Create a budget and stick to it. This means tracking your income and expenses, and making sure that you are not spending more than you earn.
2. Avoid impulse purchases. Before making a purchase, ask yourself if you really need it, and if you can afford it.
3. Save for emergencies. It's important to have a fund set aside for unexpected expenses, such as car repairs or medical bills.
4. Pay off debt. If you have debt, make a plan to pay it off as soon as possible. This may involve making extra payments or consolidating your debt.
5. Invest for the future. Consider investing in a retirement account or other long-term investments to help you achieve your financial goals.
6. Live within your means. Don't try to keep up with others who may have more money than you do. Focus on your own financial situation and make responsible choices based on your income and expenses.
7. Educate yourself about personal finance. Read books, attend classes, or seek the advice of a financial professional to learn more about managing your money.