Learn more about personaldevelopment with this collection
How to set achievable goals
How to prioritize self-care
How to create healthy habits
3. Keep your credit card balance as low as possible
This is the worst misuse of money ever sure I'll just put it on my credit card I'm never going to pay it back
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MORE IDEAS ON THIS
1. Don't blow all your money
Don't spend everything you earn now, this may seem obvious, but it was discovered in 2020 that the average millennial was spending 2% more per month than they earned. Because of this, it's critical to track your expenses and create a budget
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“Success is not how high you have climbed, but how you make a positive difference to the world.”
― ROY T. BENNETT, THE LIGHT IN THE HEART
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2. Not to hold a large sum of money in cash
Invest the money and I started bringing it up because it applies to a lot of people who don't feel comfortable enough to invest so they just keep it in cash instead. The sad truth is that when you factor in inflation, your money actually loses buying power every single year that it's not invested...
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CURATED FROM
CURATED BY
What's up, it's @hackedongrowth here, so let's be honest with ourselves: we all want to do better with our money, whether it's generating more money or building our wealth; it's all about the incremental changes we make along the path, and most people, sadly, will not follow these very basic five steps.
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Credit Card Debt
The trickiest form of debt, which is literally bleeding our finances, is the credit card debt. Make sure you know what the interest rate being charged is. Know that a 2% interest rate per month is actually 24% per annum.
If you stay out of debt by paying the total due on t...
The Birth Of The Credit Card
- The concept of a multiple-establishment credit card came in the mind of Frank X. McNamara in 1949, when he had forgotten his wallet and was unable to pay for his dinner at a fancy restaurant, where he was dining with his relatives.
- Store-specific credit accounts were used at that t...
Week 1: Optimize Your Credit Cards
A great place to start because it can have a big impact on your finances:
- Set up autopay to pay your CC bills
- Call to waive any past credit card fees
- Negotiate a lower APR
- Build credit history by keeping credit lines open
- Increased your credit allowance
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