Alternative currency and balanced living system. Alternativna valuta i uravnoteženi životni sistem. Moneta alternativa e sistema di vita equilibrato.



Home Alternative News Notizie Set financial goals this New Year and keep control on your money flow

Crom Alternative News

Investigative journalism and useful articles on various topics.

People have the habit of making New Year's resolutions for anything and everything such as happiness, health, managing money matters proficiently and getting out of your old inclinations. The main objective to turn your resolution into reality is to make sure that your financial goals reflect what you actually want. You should make a New Year promise on personal finance that you know you will be able to succeed surely. Practice the habit of savings and keep your money in the bank account. Use it to satisfy your essential needs such as retirement, paying your bills and giving money to the grocery-shopkeeper.

Ideas to get back on the right track and manage personal finances efficiently

Have a look at the 4 ideas to get back on the right track and manage personal finances efficiently.

1. Set a specific goal - Thinking in your mind as to how you will manage your money is simply useless and, as such, you should set a specific goal so that you know what you want to achieve exactly and, in turn, achieve it. You may think in your mind that you want to increase your savings and you want to have $2,000 more in your bank account by the next month. While the former only gives you a hope that you will boost your savings, the latter gives you a target to accomplish it. Thus, setting up a specific goal is very important if you really wish to handle personal finances in the most efficient way.

2. Deal with your credit cards wisely - You should keep an eye on every credit card that you may have and deal with them wisely. Get hold of credit cards which charge you low interest rate and have cash back policies. There are situations when you spend hundreds of dollars just for the sake of repaying the outstanding credit card balance and, as such, much of your hard-earned money is being spent. Make a comparison between various credit cards and obtain one with low interest rate. If you have a credit card with high interest rate but no annual fees, do not throw it away as soon as you get a better card. Keep the old card with you but do not swap it as this will help you boost your credit score.

3. Design a well planned budget - You may design a well planned budget every year and think of following it. However, there are many people who hate the idea of budgeting since it acts as a restriction of your money flow. But, in the real sense, a well planned budget is a financial planner that helps you understand about your money flow. A budget enables you to spend money on the things that you need essentially and keeps you away from spending unreasonably. Budgeting also helps you make a plan for the extra expenses that do not occur every month.

4. Reduce your unnecessary expenses - If money is tight for your case, look through every possible option to reduce your unnecessary expenses. For example, a family of four dining outside can pay you an extra of $20 every time you go out and eat. Same is the case for coffee drinks or packed water bottles if you purchase them on your way to office. Try to carry them from your home so as to reduce as much expenses as possible and save your dollars in the long run. Cutting down the small expenses will give you a significant amount towards your family savings and manage money matters capably. Give yourself a suitable chance to buy a new appliance with your hard-earned saved bucks.

Apart from this, studies illustrate you spend less when you use cash instead of plastic money. Make it a habit of spending a fixed amount of cash every week and try to stick to it. Thus, it is considered to be an appropriate way to keep a grip on your personal finances and avoid using credit cards without any need.


alternative currency, newspapers, novosti, giornali, novine, notizie, local currency, complementary currency, alternativni novac, lokalna valuta, komplementarna valuta, moneta alternativa, moneta complementare, moneta localePubblica Notizie

Se sei utente registrato, puoi pubblicare le tue notizie sul web tramite questo servizio.

independent news, nezavisne vijesti, informations, informacije, informazioni, kredit, loan, notizie indipendenti, prestito, mutuo, seigniorage, signoraggio    Categorie Notizie


 alternative news, alternativne vijesti, notizie alternative, debt-money, moneta debito, central bank, banca centrale, centralna banka, publish news, objavi vijest, pubblica le tue notizie    Accesso

What happens next if the state can go bankrupt?

 alternative news, alternativne vijesti, notizie alternative, money, denaro, soldi, novac, debt, dug, debito, taxes, tasse, porez, bank, banca, banka     Chi È Online?

 4161 visitatori online

 nezavisne vijesti, notizie indipendenti, independent news, informations, informacije, informazioni, kredit, loan, prestito, seigniorage, mutuo, signoraggio     Ultime Dal Forum