Use These Tips To Take Control Of Your Personal Finances Although electronic resources make managing your finances easier than ever today, you should still have a thorough understanding of the basic principles involved. Have a little envelope with you at all times. Store any receipts or business cards you receive in the envelope. These items can provide a valuable record of your purchases. If you are ever double charged by your credit card company, you will had the prove needed to get the duplicate charge removed. Bring a small envelope whenever you leave your home. It will come in handy for storing business cards, receipts, and other small documents. Keep them around so that you have a paper trail. This way, you can compare your receipts to your monthly credit card statement, to ensure that all the charges are correct. With the economy in its present condition, putting savings into varied sources makes good sense. Put some in a pure savings account, more in a checking space, invest some in equities, and then put more into higher-interest arenas and even gold. Apply any or all of these ideas to save your money. It may be helpful to keep a small envelope in your purse or bag whenever you go shopping. Store any receipts or business cards you receive in the envelope. These items can provide a valuable record of your purchases. Although, the chance is small that you'll be double charged, having the receipts will make it easier to see on your credit card statement. Create a yearly plan of your finances. An effective tool is a financial plan, it keeps you ontrack and will help curb impulse purchases. If you are struggling with very old debts, educate yourself on when they expire. Consult an expert about the statute of limitation laws pertaining to debts in your state; you may not have to pay anything depending on how much time has gone by. Dump your old incandescent bulbs and install efficient, compact fluorescent bulbs in their place. Not only will you be lowering your electric bill as a result, but you will also be doing something good for the environment. CFL bulbs last a lot longer than old-style, traditional light bulbs. You will save money by buying bulbs that don't need to be replaced as often. Replace incandescent bulbs with more efficient compact fluorescent light bulbs. This will help you save the environment money on your electric bill. CFLs also last longer than traditional light bulbs. Over time you will save money by replacing the energy-efficient bulbs less often. Notate each upcoming monthly payment on a wall calendar. This makes it easy to keep track of due dates, billing periods and other expense information. This method will allow you to be
aware of your payment due dates, regardless of whether or not you get a statement in the mail. This makes it a lot simpler and it will save you from a lot of late fees. As this article stated in the beginning, there are a lot of people who don't know how to control their finances. Now that you have learned this, you probably won't have to deal with what they have to deal with anymore. Using the tips you just read will not only improve your financial situation, but your stress level, as well.