Given that it is Financial Literacy Month, we have decided that there isn’t any better time than today to gather our 3 big money tips: from the best approaches to enhance your potential, to budgeting, these nuggets of wisdom are as fresh as the day.
1. Create a Financial Calendar
If you do not trust yourself to remember to pay your quarterly taxes or occasionally pull a credit report, consider setting appointment reminders for these significant money to-dos in the same way that you’d an annual doctor’s visit or automobile tune-up.
2. Assess Your Interest Rate
Paying attention to your interest rates can help inform you of which savings or debt commitments you need to concentrate on to avoid paying an absurdly high fee.
3. Track Your Net Worth
Your net worth is the difference between your assets and debt. How much you’re worth is defined by your net worth; the big-picture number that could tell you where you stand financially. Keep your eye on it, and it may help warn you and keep you on track of the progress you are making toward your goals or when you’re backsliding.
