Get Financially Fit! | Do you know your financial "GPA?"

Do you know your financial "GPA?" Tips for managing money from Latacia Greeley, Office Supervisor at WESTconsin Credit Union's Eau Claire office.

Money madness
Do you know your financial "GPA?" Tips for managing money from Latacia Greeley of WESTconsin Credit Union
Posted by Queen Of The Castle on Tuesday, February 23, 2016

Ten Rules for Successful Money Management

Ten Rules for Successful Money Management

Always remember that the most important factor in using money wisely is not how much money you make, but how you manage your spending! Here are ten rules that can help you achieve financial success.

You Can Control Your Spending

You Can Control Your Spending 

You might be a person who does very well with your money. Your money management skills are serving you well. On the other hand, you might have some concern about your spending habits. Maybe you are an over spender.

Regardless of whether you are a controlled spender or an over spender, there are ways to improve your particular situation.

There are many tools and techniques to help over spenders transform negative habits into positive behavior. Here are a few:

Paying Yourself First When There’s Nothing Left To Save

You’ve read it a million times if you’ve read it once. Put money away. Save 10 percent of your income. Fund your 401(k) plan. Pay yourself first. Establish a nest-egg. Spend less than you earn.

But what if you can’t?

What if you simply don’t make it from one pay check to the next on a month-by-month basis? How are you supposed to “save” when there isn’t enough money to pay the bills in the first place?