Make an effective tax documentation system to avoid hunting for that one receipt at the last minute. Receipts, healthcare statements, insurance documents, and other pieces of information can be grouped together so that they can be easily found when tax season hits.
Keep an envelope with you on your person. Use this to store all of your receipts and business cards. This will make it easier to keep a hold of them and record them. It’s useful to have your receipts if you ever see double charges for a purchase on your credit card statement. Make sure you do not repeat the same financial mistakes that you have made in the past. If it took you two or three years to eliminate your credit card debt, that experience could dissuade you from making the error of falling back into debt again. If you have sold your time for far less than its value in the past, vow never to do it again as you move forward. As you review your history of personal finances in your mind’s eye, realize that every lesson you can learn from your experiences is worthwhile. Do your homework and take your lumps, and your monetary circumstances will get better until you find yourself in a life you never imagined. You want to have at least three months of income in this account. To fund the emergency account, take 10% of your income off the top, and place it into a high-interest savings account. Try to avoid making common mistakes related to your personal finances. If this is your first time to bounce a check, your bank may waive the fee. This courtesy is usually only extended to customers who are consistent in avoiding overdrawing their checking account, and is usually offered on a one-time basis.
Make it a habit to review your credit report often. You may obtain a copy of your credit report without cost. It’s good practice to review your credit report twice a year. When you review it, check for charges that you aren’t aware of or any other information that does not seem correct and look into it immediately.