6 Ways To Get Better With Your Money!
6 Ways to get better with your money. Start now and follow these six simple steps to get your money better.
- Pay Yourself First. Try starting with $50 each month or 1% of your paycheque. As you feel more comfortable in your ability to save, try increasing your saving rate to 3% or even 5% of your income and build from there.
- Create a Budget. If you want to keep it super simple, use a pen and paper. And map out how much you have and what your expenses are.
- Pay Off High-Interest Credit Cards and Lines Of Credit. With interest rates on the rise, make sure you are tackling your credit card and LOC(s).
- Automate Your Savings. AUTOMATICALLY set up weekly, biweekly savings, so you don’t have to think about it.
- Invest. Open an RRSP and TSFA🇨🇦. Invest in ETFs.
- Read Personal Finance Books. The more you read, listen and consume personal finance, the more comfortable you feel and knowledgeable. A personal finance book that I would suggest is “The Simple Path To Wealth.” By J.L. Collins.
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