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Smart money management is something that is not always taught in schools, that is why we are not that savvy about it especially if we did not practice managing our finances when we were growing up. If you are looking for simple ways to do it, feel free to read these tips today. Cash is king. That's the most important rule to keep your finances in check. You can be more cautious with your money if you can see it. Use cash for almost all your purchases and only turn to your debit and credit cards as your last resort. Make a deposit before paying your bills. Most of us used to deposit any amount that's left after paying our bills. This time, force yourself to deposit a specific amount and then divide the rest of it for your bills and budget for the next payday. Trust me, you will feel good about it as you are sure that you already have saved something before paying your dues. Keep your receipts. It is best to hold on to your receipts since you will need it to track your spending. You can also use these receipts in case you need to surrender some products that you purchased for replacement or repair. Some manufacturers do not issue warranty cards anymore and just use official receipts instead. Balance your checkbook. Checkbooks are there for a reason. Make sure to check the details there and see if you have enough funds in case you need to issue one. Banks are generally strict when it comes to bouncing checks as there are laws to protect those who have been issued with checks that are out of funds. This explains why you need to take care of these details in your checking account if you have one. Monitor and file your financial statements. The concept to go paperless is up, but it is best to keep and file the financial statements that come in the mail. If you receive these via email then you need to store a copy of these PDF statements on your hard drive for quick reference if needed. Make budget writing a priority. Writing everything down, including your budget will make you more conscious when it comes to spending it. You do not need to have the most expensive budget planner or a smart phone to do it. Just get an old notebook and write your budget for the month. That's a good start. Shop with a list. This is pretty simple, since most mothers practice this. If this tip works for moms, then this will definitely work for you too. This also prevents you to buy things that you do not really need and other related unplanned expenses that can hurt your budget. These are just simple suggestions on how to keep your finances in check. If you practice these tips, then you will avoid the usual pitfalls that cause you to incur debts and other financial obligations that can greatly affect your savings. Remember that you work hard for the money, so be smart and spend it wisely. Are You Looking For Ways To Save Money As A Couple? Visit This Blog On Saving One Income Today.
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