The good, the bad
and the ugly
"A fool and his money are soon parted."
Money is the most important component to our ability to live a comfortable life, provide for our children and our old age. Yet, most of us wake up as adults without ever learning the basics of financial management. By the time we figure the pitfalls we have fallen into quite a few. Our poor choices leave us broke, with bad credit and a mountain of debt. We also wind up wasting a ton of money unnecessarily on bank charges and extra fees, higher interest rates on loans, lower interest rates on savings and many other missed opportunities.
The few extra minutes you invest now will save you a ton of money in the future. It will also protect you from those who are ready and willing to would prey on your lack of knowledge.
All most people know about money is that it is hard to make and easy to spend. For lack of basic knowledge, they easily waste an amount of money equal to buying a condo or a luxury car.
Fortunately, you don’t need to become an economist to learn how to manage your money. A little information and basic understanding will save you a ton of money.
Now you won’t become an expert in managing money from The MoneySlant. You don’t have to be. You can worry about that when you have a lot of money. But this website will put you ahead of 99 percent of the people who blindly wonder what to do when they are faced with the inevitable money decisions that will come their way.
We can't afford to be babies when it comes to our money. It is hard to earn but too easily spent.
You don't have to be a financial genius to make the most of your money. But there are some basics that you do need to know that will make your life a lot easier; from tasks as simple as balancing a checkbook to the more complex such as establishing good credit.
Americans bounce an average
of $765,000,000 dollars worth
of checks for a average fee of
- Pay your credit card balance each month.
- Don't charge more in one month than you can pay off.
- Before you use your credit cards ask yourself, "Is this worth going into debt for?
- You'll save time and money paying all your bills online.
- If you have a good payment history your credit card company will waive your late fee.
Thomas Tusser (1524–1580)
Everything You Need to Know About Making Money, Saving Money & Avoiding Financial Scams!