Citroen 2CV
Source: Flickr

Although it can be very tempting to create a credit card account just to pay off your bills, this is always a terrible idea if you cannot pay them back in time. This will only create more debt and headache, so learn how to manage your personal finances well with these tips.

Cut up unnecessary credit cards. Keep one or two cards for everyday purchases and get rid of the rest. Certain cards charge you an annual fee and too many cards on your credit report will be a red flag. As long as you make timely payments on one or two cards and keep a low balance, it will reflect well on your credit report.

Old coins can sometimes be worth large amounts of money for one to sell and invest the return back into ones personal finances. These old coins can sometimes be found in a relatives ancient piggy bank or in the most unlikely of places. If one knows what coins to look for they can be greatly rewarded if they find them.

US savings bonds are always a safe investment to make if you do not mind doubling your money every seven years. Purchasing savings bonds systematically can build up your portfolio rather quickly. Granted the returns are not quite as large as a good year in the stock market. However, they are high yielding, safe investments you can make.

Thrift shopping and consignment shopping have become more popular in the current economy