10 personal finance tips that will change your point of view

Here are 10 unique financial tips that can change your point of view:

Cars can be used for more than five years. It's just a bunch of metal and plastic rolling on four tires. If you can avoid connecting yourself to a car, you can save a lot of money by driving a car for years. Transfer the vehicle payment to your retirement account and see what happens.

2. Understand five types of financial emergencies. are you ready?

• Home-related problems, such as broken furnaces or renting roofs
• Major car repair
• Issues related to funeral. Pay a funeral or go to a person
• Medical problem
• Unemployed

3. Spend five minutes each night to process your financial situation. A single TV ad slot can last for five minutes. View all financial transactions for the day. You should have four minutes after you finish. Follow up any differences.

4. Create a small funding target. These should be easy to implement.

• I will spend less than $75 on food this week.
• I save at least $25 a Friday and deposit it into my savings account.

5. Obtain the insurance of the lessee. It costs just a few dollars a month, but you can change your items in the event of a theft or fire. Even your old computer and milk crates are valuable.

6. Find ways to be free to entertain. Most of the money you spend is just to make you feel better. Buy some free forms of entertainment instead of distracting by buying things you don't need.

• Library books and videos
• Take a free concert or listen to music at home.
• Throw the frisbee.
• Play cards with friends.
• exercise.
• meditate.
• Plant a garden.

7. Repay your small debt first. You will build momentum and feel a greater sense of accomplishment in this way. Another option is to repay the debt at the highest interest rate. It has more economic significance, but it is not satisfactory. L.

8. Consider how much it costs to use an item at a time. People usually don't like to buy expensive mattresses, but consider how many times and how many hours to use it. Even an expensive mattress costs just a few cents a night during the life of the mattress.

• How much does the $75,000 Mercedes cost per day? Suppose you keep the car for 5 years, about 1800 days. You are fortunate to be able to sell 50% or even 50% of this car. $37,500 / 1800 = $21 per day. This does not even include insurance fees or interest paid on a monthly car.

9. Avoid too much in your savings account. Unless you need money in the near future, there is a better place to save money. Put money into your work through investment. List some and list meaningful ones.

10. Create a financial slogan that supports your financial goals. Use it every day.

• I only buy what I need.
• I bring lunch to work.
• I saved 10% of my income.

A little unconventional advice may be a good thing. Open your heart and find new ways to challenge. You will find solutions that you have never considered.

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