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					Getting Your Finances in Order




Keeping your finances in order can certainly be a challenge. However, to be financially secure in this hectic
world it is a necessary step. If you take advantage of the advice below, then you will find yourself well
situated to deal with these rough financial times.




Always have a budget planned out for the month before the month begins. Make sure every detail of your life is
budgeted, whether it is the gas to fuel your car, or the food to fuel your body. Even electricity should be
included on the budget. Then determine how much you are above or below your budget, and that money can be then
redirected to either savings or to pleasure. You should also include a pleasure budget, but do not go
overboard.




If saving money is a real problem try to be a bit more frugal. If you do not absolutely need it then it should
stay at the store. You would be amazed by how much is spent on unnecessary commodities every month, whether it
is decor for the house, or more entertainment than you have the time to use. Another great idea is to buy
store brand and cheaper products, like the Walmart brand toilet paper as opposed to Angel soft or other
comparable brands.




If you are indeed going to be spending money on leisure and pleasure, only do so if your bills have already
been paid. Often times paying a bill late results in late fees and interest. If money is already tight, late
fees and interest will only serve to make it tighter. Leisure money is just that, money that isn't set aside
for paying what needs to be paid.




You can save a lot of money if you do not have brand loyalty. The store brands are often 50 cents or more
cheaper. In one grocery trip this can save you upwards of 50 dollars. That money can then be put to savings or
to leisure. Also look out for sales, and buy in bulk when things go on sale, especially if the item is
non-perishable. You can store these items for later use rather than pay full price at a later time.




Try to have some money to put in a savings account at the end of every month. This will protect you against
any unfortunate events whether it is a death in the family, a major medical procedure, or a car wreck, you
will have money set aside so you do not end up in debt. As an added bonus, though interest rates have declined
the past few years, usually they offer interest. This may only equate to pennies with low balances, but you
could make a few easy bucks as your savings expands.




By way of conclusion, taking care of your money isn't simple. However if you put the time and dedication into
establishing a clear cut budget, you can find yourself saving and debt free with ease. This article should
have helped ease that process.

				
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Description: Personal Finance articles