FINANCIAL WELLNESS
Here are 10 things you can do to improve your financial health
BUDGETING
1. Write down how much you plan to spend before you start spending. When you plan your spending in advance, you are likely to spend your money on things that you actually need.
2. Track your expenses. If you know all the expenses you incur each month, you will know where your money goes. That way, you can cut expenses that are not beneficial to you.
3. Download an app or use a paper and pen. Apps make it easy to create a budget and track your expenses.
SAVINGS
4. Make a habit of saving a portion of every money you earn. Developing the habit of putting money away for future use is more important than the amount of money you actually save each time.
5. Automate your savings. Allocate a percentage of your paycheck to go to your savings account.
6. Keep a savings account at a different bank. You can open a savings account at a bank different from where you have your checking account.
CREDIT
7. Request a copy of your credit report for free. You can visit com or
call 1-877-322-8228.
8. Check the interest rate on your credit card. Know how much you’re paying in interest each month and .
9. Pay your bills on time. Paying your bills on time will help you avoid late fees and any potential negative impact on your credit report.
HELP
10. Ask a financial expert for help. Many banks, schools, churches, and employers have financial resources and experts to help you develop a plan for managing your money.
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