There are three ways to completely ruin any chance of saving
for the future or for an emergency. Below, we will share how to avoid them and
have a more healthy financial life.
Many people live off of their credit cards when times get
tough and jobs are lost. This seems like the only way to pay bills, buy groceries
and manage. But when all of the cards are maxed out and there is no way to pay
down the balance, Enterprises TV knows this adds more financial stress to one’s
life. Plus, the cards keep accruing a higher amount owed due to the rising
interest rate. To avoid this, start paying off one card at a time. When one
card is clear, make it the only card to use. Then, start paying off the others.
Spending more than one earns falls into the above category
but can also hinder any meaningful chance to improve personal finances. It’s
easy to find and buy a pair of new pants and then find three shirts to go with
it. To avoid overbuying, track spending for a month to see where money is being
spent.
The Enterprises TV show hopes to share useful personal
financial suggestions with fans. There are days when we will all need savings
for emergencies, retirement and to have a good credit score when we’re ready to
invest in a home or new vehicle. And we
also love hearing from readers what steps you take to save money or how you were
able to afford a major purchase. Please feel free to share.
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