A collection of tips on how to begin improving your personal finances makes the perfect starting point for a beginner to hopefully begin improving their own financial situation. Below is that very collection that can hopefully assist the eager novice into eventually becoming smarter when it comes to personal finances.
Spending less than you earn is the most simple way to ensure financial success. This may not always be easy but can be done if you know how to live modestly and have a good idea of how to manage your expenses. This may mean having less luxuries like vacations.
When you are taking out money, one thing that you must try to avoid is withdrawing from a different bank than your own. Each withdrawal will cost you between 2 to 4 dollars and can add up over time. Stick to the bank of your choice if you want to minimize your miscellaneous expenses.
If you live in an area that gets a lot of sun, use solar panels to save on your energy bill. When you install solar panels, your electricity meter actually runs backwards during the day, as it adds power to the grid. Most solar panels will pay for themselves in 7-10 years of use. Watch out for nasty HOA restrictions on solar panels, though.
Rather than going out with friends on a weekend, which could end up costing a lot of money, have them come over to your house. You could have everyone come …