{"id":26229,"date":"2017-08-25T21:49:08","date_gmt":"2017-08-25T18:49:08","guid":{"rendered":"https:\/\/www.lifeadvancer.com\/?p=26229"},"modified":"2017-08-25T21:49:08","modified_gmt":"2017-08-25T18:49:08","slug":"how-to-manage-your-money","status":"publish","type":"post","link":"https:\/\/www.lifeadvancer.com\/how-to-manage-your-money\/","title":{"rendered":"How to Manage Your Money Like a Pro with These Strategies"},"content":{"rendered":"

Money is a complicated thing these days. Fortunately, there are some useful strategies to help you manage your money effectively.<\/p>\n

Debt piles up quickly, especially if you took out loans to fund your education. Credit cards are easy to get and hard to get out from under. For this reason, it is important to learn basic money management skills<\/a>.<\/p>\n

We are thrown out into the world after high school or college with no real guidance when it comes to finances<\/a>. Before we even have a chance to establish credit, we ruin it.<\/p>\n

If you are dealing with financial woes or just trying to stay out of them, here are some clever ways to manage your money that can help you get in shape.<\/h2>\n

1. Budget<\/h3>\n

It is important to set a budget<\/a>. It’s not the most popular topic. It is much easier to spend your money without thinking. Financial security is much more likely to be found in a budget and intentional spending.\u00a0Divide your spending up into categories<\/strong>: mortgage\/rent, bills, food, gas entertainment, and savings.<\/p>\n

These are just suggestions<\/strong>. Your categories may be different. Allocate a certain percentage of your income to each category. That is the amount of money you have to work with.<\/p>\n

Don\u2019t steal from other categories, and the money rolls over from one paycheck to the next. If you are paid inconsistently, determine what percentage of your paycheck is required to pay your mortgage or rent according to your lowest pay.<\/p>\n

This may be 50-percent. Or, maybe it is 30-percent. It has to pay this important bill no matter what. Determine the rest of your expenses accordingly.<\/p>\n

Sometimes you might have to live off or Ramen noodles and hot dogs while other times you are eating steaks every day of the week. This will help you manage your money effectively by only spending the money you make.<\/p>\n

2. Strategies<\/h3>\n