Over the years, I have made vast improvements in money management. In my early 20s, I fell into the new student credit card trap. I received – and signed up for – multiple credit card offers, but had no guidance on financial matters. As a result my credit was bad for years (seven, to be exact).
Later in life, my accounting and management skills have become much better – thanks in large part to financial education and my husband’s savvy.
We have one credit card that we pay off each month. We haven’t bought a house because it would be beyond our means right now. But… we have student debt. Lots of it. As much as a house is worth.
So this month, we’ve focused on making smart money decisions. We’ve cut down on spending little bits of money here and there. But more importantly, we’ve set a plan for paying off our student loan debt and we started a savings account.
I took on a second contract this month, which means I’m working longer hours but that much closer to paying off our debt. And we’ve decided to stay in the area for at least a couple of years, so that we can pay off debt and start saving.
It’s the beginning….
What Helps You Manage Your Money Wisely?
I’d love to know what books, systems, and other resources you use!