Thursday, October 15, 2020

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Managing your personal finances is imperative for any adult, especially those with children or other dependents. Make the most of your income and stop unncecessary spending by creating shopping lists and budgets. Read this article for more tips on how to spend your income in a wise manner.

Even in a world of online bank accounts, you should still be balancing your checkbook. It is so easy for things to get lost, or to not really know how much you have spent in any one month. Use your online checking information as a tool to sit down once a month and add up all your debits and credits the old fashioned way. You can catch errors and mistakes that are in your favor, as well as protect yourself from fraudulent charges and identity theft.

Whenever you get a windfall such as a bonus or a tax return, designate at least half to paying down debts. You save the amount of interest you would have paid on that amount, which is charged at a much higher rate than any savings account pays. Some of the money will still be left for a small splurge, but the rest will make your financial life better for the future.

Check and see if you are getting the best cell phone plan for your needs. If you`ve been on the same plan for the past few years, you probably could be saving some money. Most companies will do a free review of your plan and let you know if something else would work better for you, based on your usage patterns.

Keep track of debit card purchases. Always make a note on paper or your phone as soon as you swipe that card so that you do not forget. Debit cards are very convenient, but also make it easy to overspend a budget, and unless you keep a record it is way too easy to overdraw a bank account without realizing it.

Take caution because acquiring personal financial literacy is often quite addictive. Try some of these tips! You will probably find a way to save a good bit of money when you employ them well. Once you see this evidence of the effectiveness of learning how to handle your personal finances, you may find yourself compelled to learn-and save-much more.

Coronavirus

ALBUQUERQUE, N.M. (AP) — High school athletic directors across New Mexico are ac…

QUINCY, Ill. (AP) — Providers of fast money, pawn shops throughout the region have taken on an enhanced profile in an economy turned upside down by the coronavirus.

“We were an essential business because we have loans. Not everyone can get an afford or qualify for a loan at a bank, so for a while we were thinking we were going to be pretty busy,” said Mike Pigg, who has owned Mike’s Jewelry and Loan, 126 N. Fifth, since 2011.

Instead of being busy providing loans, Pigg and West Quincy Pawn Shop owner Lionel Hammond said the pawn shops have been swamped with customers coming in buying guns, jewelry, electronics and other goods.

“Right now, we are still seeing people coming in with their stimulus checks, and they are in a buying mood.

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