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Keeping Track of Your Money
It is important in life to be aware of how much money we spend in order to keep ourselves debt free and on top of our finances. You can do this by putting aside some time at the end of each week to go over your accounts.
It is important to be aware of the amount of money you have so that you do not overspend and incur any charges that could have been avoided. Once you start getting charged by your bank it can become a vicious cycle that it hard to break. Check your bank account balance and the amount of cash you have before you start spending your money.
Everyone enjoys spending money on themselves for things such as clothes or theater tickets however before you indulge on luxuries make sure you have enough money for essentials such as food and toiletries. If you find that you are struggling with money for essentials seek advice from your local citizen’s advice or your local social security office.
Make sure that you collect and receive any money that you are owed such as your wages and benefits. Always check to see if the amount you have received is correct and if it is not be sure to speak to the necessary people to fix the problem. Don’t be afraid to speak up and ensure you receive everything you are entitled to.
For some people opening post is a scary process when it comes to bills; however it is in your best interest to open the post so that you know and understand where you stand. If you open your post you can at least sort the problem out whereas ignoring the post and sweeping it under the carpet will only cause you bigger problems in the future. Try opening your post with somebody you trust for moral support if you think it is going to be a lot to take.
If you are finding it hard to keep on top of your finances or understand how they work get in touch with an organisation such as the Citizens Advice Bureau. Citizens Advice will be able to help you sort out your finances by coming up with possible solutions and action plans to make things a little easier and can discuss with you any issues you have.
It is important that you deal with your bills properly by paying them if you can. If you are unable to pay your bills don’t stay silent, get in contact with those you owe money to and explain to them your current circumstances. It is likely that you will get an extension on the time you have to pay the money.
A very important part of keeping on top of your money is to make sure that you are organised. If you are organised you wail find it much easier to deal with your money and keep track of it. Make sure that you keep all of your payslips; bills, bank statements and receipts in one place and that they are in some sort of order by date or month.
About the Author:
Aidan has been writing about finances and debt solutions for a number of years now after finally managing to get himself out of debt he now wants to help others who may be stuck. He currently writes for finance company Easy PPI Recovery, helping others with their
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