To celebrate Money Smart Week, here are five tips for how to budget and get out of debt.
This week is Money Smart Week and Chicago City Treasurer Melissa Conyears-Ervin gave some money-saving tips to get you started.It is never too late to create a budget. Write things down keep track spending or use secure online tools likePutting as much as you can towards your credit card payment every month will help you get out of debt. It helps to pay off your entire balance.Save money
Save whenever you can. Creating an account that is not easily accessible, such as an account that is not connected to a debit card, is a great way to save. Teach the young people around you to save as well.Stay committed when it comes to money management. If you have hiccups or stray from your planned path, do not give up. Financial empowerment is important and it is possible to get out of debt.
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