Yusra3
VIP Contributor
The world is a dangerous place. If you're like most people, your first instinct is to protect yourself and your family. But what if there was a way to be both fiscally responsible and secure? What if it was possible to have it all?
You can be fiscally responsible by being prepared for the unexpected and also by making sure that you're taking care of yourself and your family. Here are eight tips on how to do just that:
1. Make sure you have enough money in the bank to cover all expenses.
2. Pay off any debts as quickly as possible (even if they're not yours).
3. Save for retirement and make sure the money is invested in something that will grow over time (like bonds or CDs instead of stocks).
4. Don't spend frivolously have a long-term plan for traveling and other activities but don't just go out and buy everything you want today without thinking about how it'll affect tomorrow's financial situation (or worse yet, when those things will come due).
5. Create a budget and stick to it.
6. Take advantage of tax breaks for retirement accounts (401(k), 403(b), 457s, etc.).
7. Pay off your credit cards in full every month even if it means not spending as much money as normal!
8. Make sure that your investments are diversified so they're less likely to lose value when an investment goes sour (and keep track of what's happening).
You can be fiscally responsible by being prepared for the unexpected and also by making sure that you're taking care of yourself and your family. Here are eight tips on how to do just that:
1. Make sure you have enough money in the bank to cover all expenses.
2. Pay off any debts as quickly as possible (even if they're not yours).
3. Save for retirement and make sure the money is invested in something that will grow over time (like bonds or CDs instead of stocks).
4. Don't spend frivolously have a long-term plan for traveling and other activities but don't just go out and buy everything you want today without thinking about how it'll affect tomorrow's financial situation (or worse yet, when those things will come due).
5. Create a budget and stick to it.
6. Take advantage of tax breaks for retirement accounts (401(k), 403(b), 457s, etc.).
7. Pay off your credit cards in full every month even if it means not spending as much money as normal!
8. Make sure that your investments are diversified so they're less likely to lose value when an investment goes sour (and keep track of what's happening).
