5 Smart Money Tips That Will Improve Your Life

Put these smart money tips into practice and watch your wealth grow.   If you’re just beginning to get in financial shape, give yourself a pat on the back! Starting is half the battle. There are a million things you can do to improve now, but you might not know where to begin. That’s why we’ve come up with these five smart money tips that will help you get into the best financial shape of your life. Consider the following five financial focal points to make strides toward financial fitness. If you’ve already started improving your finances, that’s great too! You can use these tips to strengthen your regimen.   1. Track Your Expenses You’ve wanted to do this for a long time – get rid of that feeling and make right now the time you finally do it. While it may seem tedious, listing your expenses over the course of at least two or three months can help you to get an accurate look at your true financial picture. Best of all, smartphone apps make it easier than ever to accomplish this.   2. Create a Budget Once you’ve become aware of the true picture of your outflow of cash, it’s time to make a budget you can live with. The 20-30-50 plan is a fun and flexible way to account for your spending. With this plan you can still go on that much-deserved splurge while keeping your money in check. First, you should calculate the amount you have to budget every month – your paycheck (minus taxes), plus any other income. The 20 is 20 percent of your monthly spending....