Rule of thumb:
Always pay your self first before paying others eg. paying
retailers for your shopping therapy.... paying bills..... paying GV
for movies....
Set 20% of your income to pay yourself every month.... best via
"forced" savings like saving plans or investment plans...
What you don't see you don't buy.....
For Credit Cards:
1. Avoid at all costs, regardless of promotion
2. If you can't avoid, get a Debit card instead..... spend only
what you have and not "future" money
3. If already in credit card debts.... set priorities.... make
fixed monthly payment to all cards, but pay additional $100 to your
card with the least debt... the faster you clear your 1st card, the
more motivated you will be.
Now that you've cleared your 1st card, dun just stop there and
spend the money away... used the same amount you paid for the
cleared card and move on with the next least card in your
prioritised row....
continue the same way and you'll be out of debt soon!
Oh btw, dun use any of the cards while you're clearing
them...
Wishing you guys Financial Success!
