2. Track your Expenses. Maintain a record of what you have spent.
3. Keep your credit card as an emergency tool only. Don't carry your
credit card when you are in no mood to shop.
4. Plan Your Budget and Stick to it. It is one of the important steps
in Financial Planning. Not sticking to your Budget will land you in
rough weather.
5. Invest in Secure Schemes. If you are planning to invest your money,
make sure you don't get lured by quick money schemes that may never
mature. Be cautious while investing.
6. Maintain a specific amount of savings out of your income every
month. Don't let the figure drop. Savings will give you motivation.
7. Save Money out of your daily Expenses. See if you car if costing
you more, or may be your electricity bills, or clothes, etc. Cut down
the unnecessary expenditure.
8. Keep a record of how much you owe and to whom. Without a proper
record, you might skip deadlines for filing tax returns, paying credit
card bills, paying insurance premiums, etc. As a result, a lot of
extra money will have to be shelled out as late charges.
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