Learn more about moneyandinvestments with this collection
Identifying and eliminating unnecessary expenses
How to negotiate better deals
Understanding the importance of saving
How To Best Build And Track Your Credit
- Reviewing your credit report and your credit score regularly can save you money
- Keep your credit use below 30% of your total available credit, as it can ding your credit score. You calculate it by dividing the total amount on all of your credit cards by your total available credit.
- If you have bad credit, get a secured credit card. It helps build credit like a regular card but won’t let you overspend. And you don’t need good credit to get one.
3.74K
7.98K reads
MORE IDEAS ON THIS
How to Get Properly Insured
- Get more life insurance on top of your company’s policy, as it is often far too little.
- Get renters insurance and be covered from robberies, vandalism, natural disasters, and even things like the medical bills of people who get hurt at your place, damages you cause at s...
3.68K
7.83K reads
How to Shop Smart
- Evaluate purchases by cost per use. Higher cost products may last longer, but go unconsidered because of their initial price.
- Spend on experiences, not things, as they give you more happiness for your investment.
- Shop solo to avoid buying unnecessary thin...
4.38K
12.4K reads
How to Get Money Motivated
- Draft a Financial Vision Board, it motivates and helps you to stay on track with your financial goals.
- Set specific financial goals stating the reason, the way, numbers and dates.
- Adopt a spending mantra, a phrase that ser...
4.93K
14.9K reads
Budgeting Like a Pro
- Consider an All-Cash Diet, as limiting yourself to physical currency combats overspending.
- Set aside 1 minute a day to check on your financial transactions, to identify problems, track goal progress and set your spending tone.
- Allocate at least 20% of your in...
5.02K
22.6K reads
How to Save Right for Retirement
- Start Saving ASAP. Money you put in your retirement fund now will have more time to grow through compound growth.
- Avoid cashing out your retirement account early as it prevents your money from being invested and leads to penalties and tax bills.
- Contribute mo...
3.85K
10.2K reads
How to Amp Up Your Earning Potential
- When negotiating a salary, get the company to name figures first, otherwise you can’t know if you’re lowballing or highballing.
- Try to negotiate more than just your salary. Work hours, official title, parental leave, vacation time, and which projects you’ll work on cou...
4.19K
13.8K reads
3 Financial Basics
- Create a Financial Calendar: prevent yourself from forgetting quarterly tax payments and to get credit reports.
- Check Your Interest Rate: Pay off loans, open saving accounts and negotiate credit debts based on interest rates.
- Track Your Net Worth: The dif...
4.75K
30.7K reads
How to Keep Debt at Bay
- Paying off the little debts can give you confidence to tackle larger ones. It’s recommended to focus on debts with the higher interest rates, but sometimes a moral boost is worth it.
- Don’t cosign loans. If the borrower misses a payment, your credit score plunges and the...
3.96K
10K reads
How to Prepare for Rainy (Financial) Days
- Make savings part of your monthly budget.
- Keep your savings out of your checking account, as it may prevent you from spending it.
- Open a savings account at a different bank than where you have your checking account so it won’t be too easy transferring be...
4.05K
7.02K reads
How to Approach Investing
- Pay attention to the fees you pay in your funds, also called expense ratios, as they can eat into your returns. It’s generally recommended to stick with low-cost index funds.
- Rebalance your portfolio once a year. You need to take a look at your brokerage account every o...
3.78K
9.49K reads
Related collections
More like this
Credit cards
Carrying credit card debt is a great way to negatively compound your net worth. But credit itself is important.
Likely the biggest expense over your lifetime will be interest costs on your mortgage, car loans, student loans, etc. Having a solid credit score can save you tens of tho...
How to deal with your debt
Try to transfer your debt onto a zero-interest credit card (also known as a balance-transfer card). It will give you a limited time window where your debt won't accrue interest and allow you to get rid of your debt faster. But ensure you can pay it off within that window, otherwi...
The best apps to build your productivity and time management sys
Who hasn't been overwhelmed by the many apps out there that sell themselves as the ultimate all-in-one tool? or Who hasn't been frustrated with the desire of finding a perfect app that will satisfy all the needs.
If you are one of those, let me tell you I know how it feels. It is part of th...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving & library
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Personalized recommendations
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates