5 rules of personal finance everyone should know Discover ad
Following simple rules of personal finance can help you feel more in charge of your money.Managing your personal finances takes serious work. You have competing financial priorities, and knowing which step to take next can leave you wondering if you're doing your best to manage your money., is sympathetic to the struggle.
Her rule of thumb is to keep saving until you've tucked away enough cash to cover three to six months of your household living expenses. And make it easy on yourself: Set up automatic bank transfers after each paycheck so that you never have to remember to save.Failing to pay off your bills each month can cause debt to grow and could end up snowballing out of your control.
Discover's Cashback Match can help you earn great rewards while giving you the freedom to choose how you redeem them.When you have 30 or 40 years to go in the workforce, saving toward retirement may feel like a low priority. But time and the power of compound interest are your greatest assets in building a healthy nest egg.
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