1. Get Paid What You're Worth and Spend Less Than You Earn :
No matter how much or how little you're paid, you'll never get ahead if you spend more than you earn. Often it's easier to spend less than it is to earn more, and a little cost-cutting effort in a number of areas can result in big savings.
2. Stick to a Budget: You need to make yourself understand, “This is the budget for a month and I’m going to stick to it no matter what”. It is always advisable to have a budget whether you make thousands or hundreds of thousands of dollars/rupees a year.
3. Keep Good Records: If you don't keep good records, you're probably not claiming all your allowable income tax deductions and credits. Set up a system and keep it handy to use it all year.
4. Pay off Credit Card Debt: Credit card debt is the number one obstacle to getting ahead financially. Despite our good resolves to pay the balance off quickly, the reality is that we often don't, and end up paying far more for things than we would have paid if we had used cash. Constant reality check is required here.
5. Invest! : If you're contributing to a retirement plan and a savings account and you can still manage to put some money into other investments, all the better.
Source : about.com
photo : www.tatafin.com
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