1. Personal Finance is Personal

1. Personal Finance is Personal

The 10 Best Money Rules to Live By (1)

Not all personal finance tips or rules are created equal. Each piece of advice may also not be for where you are at in your life and your finances. However, through all the personal finance tips and advice, these are what I consider to be the best rules to remember and live by. Here they are in no particular order:

1. Personal Finance is Personal

Everyone's situation is different, so it makes sense that everyone's finances are different. While you may have some things in common with a friend, no one's life or experience is the same as someone else's.

So if you are finding yourself feeling down because you don't measure up in your mind to someone else. Stop. Personal finance is personal. Focus on what you are doing right and where you can improve.

It's fine to be inspired by what somebody is doing, but don't let that turn into negativity about what you are doing.

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• 7 video lessons
• Course workbook to ensure you take action
• 7 daily emails to help you take control of your money

2. Make More Payments to Pay Less Interest

If you are working to pay off debt, you are likely trying to pay more than the minimum payment each month. However, if you are making that extra payment at the same time you are making a minimum payment, you could be costing yourself money.

Interest often accrues each day (though check your loan terms), so if you can submit an extra payment that lowers the principle twice instead of once a month, you will be paying less in interest. The more payments you make a month, the fewer amount of interest will accrue between each payment.

One way I'm making extra debt payments is with Qoins. When you sign up for Qoins, you connect your bank account and then spend as you normally would. Qoins will round up your purchases to the nearest dollar and put that change towards an extra debt payment.

Basically, Qoins will help you pay down debt faster by applying an extra payment for you by using your spare change. There is a $1.99 charge each month. However, they take it out of the spare change they set aside for you so you never see a charge in your bank account. If there isn’t at least $10 in your Qoins account they will roll that amount into the next month free of charge.

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