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Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward your emergency savings.
Those carrying a credit card balance should scale back to making the minimum payment each month so they have more money to put into savings.
If you’re not staying on top of your money, you are putting your financial well-being at risk.
I get so frustrated when people tell me it’s unrealistic to create an eight-month emergency savings fund, or have money saved for a home down payment, or pay off their $5,000 credit card balance.
Never, ever invest money that you will need prior to three to five years – minimum.
To make the most of your money, I recommend sticking with mutual funds that don’t charge a commission when you buy or sell.
The less money you owe, the less income you’ll need and the less you’ll have to save for tomorrow.
Who would you want to be giving you advice? Somebody who doesn’t have any money?
The foundation of a financial fresh start actually has nothing to do with money or specific financial dos and don’ts.
The key to making money is to stay invested.