Personal Finance Is Your Friend When Treated Right No magic is needed to successfully handle your personal finances. A bit of common sense and money management will let you make the most of your income and make more money as well. To be successful, you have to be good at managing money. Always protect profit as well as any invested capital. Investing your current profits to grow them is a good idea, but you have to have good money management skills to make that work. Make sure you have a barrier set to determine what you shall call profit and what will be capital. Keep a small envelope in your wallet or purse. This envelope can be used to keep track of receipts and small documents. This will make it easier to keep a hold of them and record them. It's useful to have your receipts if you ever see double charges for a purchase on your credit card statement. Typically owning two to four credit cards that you regularly use and pay off will help keep your credit score high. Having just one card will make it longer for you to get a better credit score, while five or more cards can make it harder to deal with finances. Begin with two cards, then add additional cards as necessary to build your credit. Be aware of your finances by making detailed arrangements for your financial stability. This plan will encourage you to stay on track, and stop you when you become a spendthrift. The largest purchases that you will probably ever make in your lifetime are your home and vehicle. Your monthly payments on these items, including interest, usually makes up the biggest chunk of your budget. Try to pay them off quickly by making extra payments or applying your tax refund toward the principal. If you're one half of a married couple, the partner who has the strongest credit should be the one to apply for a loan. If you're suffering from bad credit, building it can be done by getting a card that you can pay on time. Keep working on restoring the credit of both spouses so that your financial liabilities can be equally shared. Use compact florescent bulbs in place of incandescent bulbs where you can. If you replace these older bulbs, you should notice lowered energy bills and a reduced carbon footprint. CFL bulbs last a lot longer than old-style, traditional light bulbs. The need to purchase fewer bulbs will save you money. Switch to a free checking account. Go to your local banks or look into credit unions or online banks. Perhaps the most effective way to avoid jeopardizing your current financial situation is to avoid incurring credit card debt. Before you buy anything with your credit card, ask yourself a few questions. Think about how long you'll be paying it off. If you can't pay off the charge in a month, and it's something you don't really need, avoid it. As you have learned, any person can control their expenses, grow their assets, and gain the fit and happy financial life they dream of. You have to come up with a plan to reduce debt and save money by coming up with a budget. News Jul 30th 2015 5:00AM Despite A Surge In Online Purchases, Shopping At Physical Stores Is Alive And Kicking. How to Kill Time Without Blowing Your Budget by U.S. Last week, �new lawyers got their first piece of good news in a while. News announces Best Airline Rewards Programs No loyalty program is ideal for everyone, but choosing one that best matches your lifestyle can help you maximize your chances of earning and redeeming ... Check out this list of odd and sometimes repulsive things people do to save money. Australia?s central bank indicated the jobless rate has peaked as signs mount the economy is improving, even as it pushed back forecasts of a growth upswing by a year. The analysis represents the most recent quarterly reporting from the issuer.IndusInd Bank Ltd. reports preliminary financial results for the quarter ended June 30, 2015.We? Approximately $2.2 Billion of Structured Securities Affected. More college students selling stock?in themselves elide Gonzalez feared drowning in college debt on her road to a middle-class job, so instead she sold investors a piece of her future. With a May 1 deadline to accept offers approaching, here are tips for deciphering financial-aid letters and finding the best deal.