100 Self Improvement Tips to Stay Healthy and Prevent Cancer - Part 3
Money doesn’t make you happier, but it makes your life a little easier. 💰
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Check your bank accounts daily. This habit will keep you informed on the reality of your financial situation. It will keep you aware of what you’re spending each day. It’s a simple action that can pay off in the long run.
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Spend less than you make. This rule is super simple, but so hard to follow. If you live by this rule, you have a shot at building a stable (and even dreamy) financial future. Learn how to set a budget and then how to follow it.
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Save a 3-6 month emergency fund. Because emergencies happen to everyone and having cash will lessen the stress. Layoffs happen. Emergencies happen. Life happens.
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Get out of debt. Debt holds you back from doing a lot. It requires you to be a “slave to the lender” as they say. Get out and stay out.
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Pay off your credit cards in full every month. If you don’t, you’ll be paying interest that compounds over time. Spend only what you can pay off.
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Make more money. If you have an income problem (meaning you don’t make enough money to reach your financial goals), then find ways to make more money.
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Pay yourself first. You’re always going to find ways to spend your money, even with pay increases. To make sure you’re saving, auto-deposit money into a savings account immediately when you’re paid. Increase the amount when you get a pay raise. Weekly transfers are a good choice.
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Put more financial margin in your budget. Find ways to cut spending and make more money so you have more money left at the end of the month as a buffer. All those subscription boxes you have? Get rid of ones that aren’t fulfilling your life. Social media sites and streaming services? Cancel the ones you use the least.
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Spend money on experiences. Research shows spending on experiences results in living a happier, healthier life. You will remember the experiences you had, not the stuff you bought.
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Save for retirement. If you want to retire one day, you need to plan for it. The earlier you start, the more you benefit.