In today’s difficult economic times, everyone is looking for ways to improve their personal financial situation.
The key to successfully managing your personal finances, is knowledge. This article is jam-packed with tips and advice that, if applied correctly, will help you to get a handle on your personal finances and upgrade your life.

If your employer matches your 401k contributions, maximize your contributions to take advantage of this “free” retirement money. You do not pay taxes on the money you contribute until after you start drawing it as income, so you are actually reducing your tax load in the short term by investing more for the long term.

A great personal finance tip is to be conscious of how much water you’re using each month. A lot of folks take water for granted on a daily basis and often forget how much running that water will cost at the end of the month. Keeping water intake down can save a lot of money.

Being a smart shopper can enable one to catch onto money pits that can often lurk in store aisles or on the shelves. An example can be found in many pet stores where animal specific products will often consist of the same ingredients despite the animal pictured on the label. Finding things such as this will prevent one from buying more than is needed.

Whenever you get a windfall such as a bonus or a tax return, designate at least half to paying down debts. You save …