How to manage your personal finances

Do you find difficulty in managing your personal finances? Not a problem anymore! Watch out as we bring secrets to manage your expenditure.#YourPersonalCapital

Your savings are a Rainy Day Fund, which is important when unforeseen expenses or emergencies arise. Be sure to budget part of your monthly paycheck for deposit into a savings account – ideally at least 10% of each cheque. If you find or earn extra money – put that away in a savings account, too!

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Many people do not know how much they spend each month on food, clothing,housing, or entertainment. Whether you are paying with cash, a debit card or credit card, total your expenditures at the end the month to gain a better picture of how you’re spending your income.

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Using the data you’ve compiled by tracking your monthly expenses, develop a realistic budget so that it’s easier live with. Track how well you follow it each month – that means continuing to track your monthly expenses.

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Take inventory of your regular monthly bills and make reminders for yourself on when each bill is due. That way you can avoid costly late fees, which can also damage your credit score. The best approach is to pay bills as soon as they arrive.

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The details of your credit report can have an enormous impact on your financial future. Obtain a free report once a year and check it for accuracy. Be sure to dispute any errors.

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Take advantage of free money. Cash rewards, cashback, reward points are redeemable. If you act wisely, you can save really a good amount by using digital wallets as several companies are coming up with attractive offers through which you can maximize your savings

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Credit cards can make it easy to pile on debt. If your debt adds up faster than you can pay it off, you’re likely living beyond your means. Stop using the credit cards and pay off existing balances – the sooner you do, the less you’ll pay in interest.


Insurance is an important tool for protecting against financial hardships, and the premiums you pay can be one of your top household expenses. Talk with your provider to be sure you have the appropriate level of protection.