I WANT TO MANAGE MY MONEY BETTER.

We always seem to find the money to pay our bills, yet we can’t manage to save any for ourselves. Obviously bills have to be paid, but it’s important to pay yourself, too.

Many financial experts suggest that you take 10% of your income, and put it aside for your long-term goals. Treat it like any other bill, as a payment you absolutely have to make.

If you want to reduce your debts, start with those that are costing you the most. Credit cards usually charge a higher interest rate on unpaid balances than a bank loan or a mortgage. The extra money you save by eliminating high-interest debts can help you pay off the others.

Of course, to do more with your money, it helps to understand what you’re doing with it now. Try keeping a log of your spending for a month. You might be surprised to see how much slips away in unplanned purchases. By creating a budget, and sticking to it, you may find you have more money than you thought to put towards your long-term goals.

CONTACT YOUR SAGICOR ADVISOR AND ASK ABOUT OUR GUIDE TO PERSONAL BUDGETING AND SAVING MONEY