Personal Finance Tips: Your Guide To Money Decisions

Mar 17 2012

Should you find yourself having a breakaway month where you feel like you are finally pulling away, remember that this is the time to boost your savings rate, not your expenses. Stick to a budget and readjust your savings plan to take advantage of your good fortune. You?ll thank yourself later.

Use from two to four credit cards to gain a good credit score. If you use just one card will take longer for you to build up good credit and having more than three or four cards shows you use credit too much. Start with two cards and build your credit by adding new cards when needed.

There is not a person who has not made a mistake with their money at one point in their lives. You can request a waived fee for a one-time bounced check from your bank. This is for someone with a consistent record that avoids overdraft, retains balances, and will most likely only work once.

Watch trends when trading in forex. You need to know a lot of information, so you know how to sell high and buy low. You do not want to sell during an upswing, or, for that matter, a downswing. Be clear in what you want when you are not going all the way through a trend.

If you keep a good record of finances, you will not have trouble during tax season. Keep all of your personal documents together and you can find them easier.

Watch for mailings that will highlight changes in your credit account. According to the law, creditors have to notify you 45 days in advance of any changes to your account. Examine the changes and decide whether the account will be worth keeping. If the changes are not to your advantage, pay off the balance and close the account.

These tips will help anyone understand and shape their personal financial situation into a healthier, more productive situation. No matter whether you?re starting with five dollars in the bank or with five thousand in investments, the same principles apply, and you can use tips like these to boost yourself into a new, better way of life.

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Source: http://theacousticstage.net/121/personal-finance-tips-your-guide-to-money-decisions/

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