| All too often people make the mistake of | | | | in such an account you know it will be there |
| thinking that they are capable of handling | | | | any time you need it. |
| their own finances without any worries at | | | | |
| all. However, in most cases people learn | | | | 2. You should always pay off credit cards |
| rather quickly they cannot handle their own | | | | that have the highest interest rates first. |
| finances without help or assistance from | | | | While doing this you can continue to make the |
| anyone else. However, with some simple tips | | | | minimum payment on the card that has lower |
| and advice people can now be assured that | | | | interest rate while paying a little more each |
| they can handle their personal finances quite | | | | month on the higher card. |
| easily. | | | | |
| | | | 3. If you are not sure where you are spending |
| College students are usually the worst people | | | | all of your money then it might be a good |
| at managing their money and they need the | | | | idea to start keeping a diary of some sort |
| most assistance. Some college students are | | | | where you record your spending each day. You |
| away from home for the first time and they | | | | should record everything that you spend than |
| are eager to start spending their money on | | | | at the end of the week or month you can sit |
| the various things that they want. Here are | | | | and determine where you spend the most money |
| some tips that can help these people handle | | | | and if there are any areas that you can cut |
| their money better and make it last longer. | | | | out. |
| When you are in college it is very important | | | | |
| to make your money stretch as far as it can. | | | | 4. While you are trying to save money people |
| | | | sometimes make the mistake of thinking that |
| There are some simple rules to personal | | | | charging things to a credit card will help |
| finance that are intended to help and if used | | | | them save. This is completely wrong. If you |
| correctly they will lead you on your way to | | | | want to save money then you need to stop |
| financial comfort and freedom. | | | | charging and pay cash whenever you can. The |
| | | | cash may be gone but you don't have to worry |
| 1. You should always put money away for an | | | | about making continuous monthly payments. |
| emergency. The recommended amount of time | | | | |
| that you should save money is anywhere | | | | 5. Avoid pressure to spend money. IF you do |
| between six months to a year. This should be | | | | not want to spend the money then don't. That |
| put into an account in which you cannot | | | | is the simplest of all rules. Do not let |
| withdraw money for a specified amount of time | | | | others pressure you into spending money |
| or for a specific reason. By having the money | | | | unnecessarily. |