BOOK TITLE : MONEY HACKS
AUTHOR : LISA ROWAN
Here are 7 lessons on Money Hacks:
1.- Track Your Expenses: The first step to saving money is to track your expenses. This will help you see where your money is going and identify areas where you can cut back. There are many different ways to track your expenses, so find one that works for you. You can use a spreadsheet, a budgeting app, or even just a notebook.
2.-Set a Budget: Once you know where your money is going, you can create a budget. A budget is a plan for how you will spend your money each month. It should include all of your income and expenses. Once you have a budget, you can start to track your spending to make sure you're sticking to it.
3.-Save Money on Everyday Expenses: There are many ways to save money on everyday expenses. For example, you can cook at home instead of eating out, shop around for better deals on insurance and cable, and cancel unused subscriptions.
4.- Increase Your Income: One of the best ways to save money is to increase your income. There are many ways to do this, such as getting a raise, starting a side hustle, or investing in your education.
5.- Automate Your Savings: One of the easiest ways to save money is to automate your savings. This means setting up a regular transfer from your checking account to your savings account. This will help you save money without having to think about it.
6.-Invest Your Money: Investing is a great way to grow your money over time. There are many different ways to invest, so talk to a financial advisor to find a strategy that's right for you.
7.- Don't Be Afraid to Ask for Help: If you're struggling with your finances, don't be afraid to ask for help. There are many resources available to help you get back on track, such as credit counseling and financial aid.
