Life is hectic. Sometimes we feel a lack of control over our finances, credit and budget. Here are some steps on how to make your life more affordable and plan for the future.
#1 Always check your credit and stay on top of any impending problems or issues.
#2 Create a budget. Use a spreadsheet to outline your monthly expenses. The Credit Repairmen offers such a document as a free resource titled, How to Setup a Family Budget.
#3 On that budget, flag or identify anything that is credit score sensitive. This includes budget items such as car loans, credit cards, insurance and the like.
#4 Repair your credit and ask for “re-evaluations” of your current items. The Credit Repairmen can help you with these tasks.
#5 Call your service providers (cable, phone, gym, cellular) and ask for discounts. It doesn’t matter if you are currently in a contract. They will likely help you, to keep your business.
#6 Take a hard look at your spending and find a way to make positive changes. For example, eating out verses at home, generic verses name brand, are you spending too much online?
#7 If you don’t have one already, find a financial advisor and work to put 10% of your income aside for the future.
Following these steps will not only lessen your stress and let you gain control of your finances, but will begin paving the way to the life you have envisioned for yourself.