Business Insider finance writer Elizabeth Aldrich shared her experiences of Money Management. She reveals that she used to be awful in managing money.
She used to overspend without a budget ending up with a zero balance in her account. Luckily, she changed her bad habits and is willing to share the solution with us.
She says, she never checked her bank accounts regularly, didn’t keep a budget, didn’t track her spending. She also carried balances on credit cards, and never put any of her cash into savings!
Well, she presently utilizes a budget software and computerizes her bill pay and investments /funds. To avoid the situation of debt it’s important to check your credit card balance which will help you to be more organized.
She suggests developing a habit of savings. We save, essentially, in light of the fact that we can’t foresee what’s to come. Setting aside cash can enable you to be monetarily secure and give a well-being net if there should be an occurrence of a crisis.