Da Gooruf Uk – What Is Good Personal Finance?
Articolo tratto dalla versione inglese di Gooruf.
When people talk about having good personal finance habits, it can sometimes be a little difficult to try and understand what they mean. Obviously, the term ‘good’ is subjective and can mean different things for different people. However, there are a few basic tips and tricks which make up good personal finance, and we’re going to go over a few of them here.
Always pay off credit card bills in full
When you pay off your credit card payments in full every time, you’re doing two things. Not only are you avoiding getting into debt and having that debt increase, but you’re also improving your credit score because it shows you are responsible. If you don’t pay these kinds of things promptly, you put yourself at risk of getting a lot of debt which will take an even greater toll on your finances.
Try and save around 20% of your income
When it comes to saving, you should be very careful about how much you put aside. You never know when something could happen, for example, your car could break, or the shower could break, and then suddenly you need money fast to fix it. We suggest putting aside around 20% of your income for these kinds of situations, so when you encounter these kinds of problems you can work around them.
Overall, these are just a few ways that you can have good personal finance. When it comes to personal finance, getting into these kinds of habits now will keep you in good stead for the future, and also ensure that you keep a good credit score and also save your money for a time when you truly need it. Being smart with your finances is a choice that will make sure you have money for whenever you need it.