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