4 Tips to Improve Your Financial Health

Thought you might be interested in an article 4 Tips to Improve Your Financial Health and thought I’d share a few points with you here. I’ve found some relevant information here so if I find more, I’ll be sure to pass it on.

Pay Off Credit Cards or Consumer Debt

It’s true that debt can be leveraged to help when you’re in a financial bind—car troubles, sudden health related emergencies and so forth. However, the interest rates are an additional expenditure that slows the process of stashing cash in other, more lucrative places.

Rather than paying the interest rates, that money can be transformed into a financial work partner by placing the amount in savings or, if you’re inclined, an investment portfolio. Certainly, maintaining a healthy credit rating is part of the money management system. Yet, if you’re the type who can’t pass up a sale and whip out your credit card to pay for more stuff, then credit card consolidation is a resolution for you to seriously consider. Pay yourself, not the credit card companies.

Maintaining a Budget Is Crucial

All items on this list lead back to budgeting. It’s easy to become enraptured in the constant stream of subscription entertainment or online instant gratification purchasing. Five-dollar cups of coffee or weekly dinners at your favorite restaurant can be included—though removing them for a month, or three, isn’t exactly deprivation. At the very least, monitor your spending for a week to determine where your money is going. Then begin to scale back on small things within each budgeting category.

If you want to keep reading with any of that content, by all means, click the link https://www.investopedia.com/advisor-network/articles/012417/4-tips-improve-your-financial-health-2017/ to keep reading. Otherwise feel free to reach out to me on 0432 132 123 or email [email protected]

Thanks,

Arthur