FYI, Your Money Probably Isn't Working As Hard As It Should — Here Are 12 Ways To Fix That
Because you're already busting your bum to make a living.
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Money management can be tough, especially when it feels like you're doing all the right things but your savings aren't growing fast enough and your debt isn't disappearing. But it doesn't always have to be that way.
When your money works for you, you're able to grow your cash and take advantage of perks and discounts without doing too much extra work. And, it doesn't have to be a convoluted process! Here are some ways you can get started:
FYI, what might work for one person may not work for another. No financial advice is one-size-fits-all. Be sure to take your personal circumstances and needs into consideration, and do what works for you.
1. Pay yourself first.
2. Take advantage of that sweet, sweet interest by putting your savings into a high-yield savings account.
3. And choose a bank that doesn't charge you various, wallet-busting fees.
4. If your company has a 401(k) plan, opt in, especially if they offer to match.
5. One-up your retirement fund by opening up a Roth IRA account.
6. And consider investing small amounts of money outside of retirement accounts.
7. Pay more than just the minimum on your monthly debt payments.
8. And, if you can, pay off your credit cards in full each month.
9. Use credit cards with rewards you'll actually use.
10. Create a budget that works for you.
11. Use your health insurance, student, or work perks for discounts on popular products and services.
12. Lastly, don't forget to claim any tax credits you may be eligible for.
What are some genius money tips you use to get more out of your hard-earned cash? Share them in the comments below!
And if this sounds like music to your ears (and bank account), check out more of our personal finance posts.