0000098411 00000 n
0000115130 00000 n 0000100863 00000 n 0000115185 00000 n Paying off debt, by contrast, allows you to take that money and redirect it toward the things that are important to you. 0000096452 00000 n 0000099971 00000 n
0000094933 00000 n 0000099025 00000 n 0000112971 00000 n Surprises are scary when you do not have control of your finances. 0000110056 00000 n 0000097148 00000 n 0000102426 00000 n She teaches writing as an online instructor with Brigham Young University-Idaho.
At the end of the month, transfer whatever is in this category to a separate savings account. 0000111706 00000 n 0000103400 00000 n When you put your money into investments, it grows all on its own through interest or the increased value of the thing you invested in. 0000103346 00000 n 0000105207 00000 n In addition to an emergency fund, you will also need retirement accounts. 0000000016 00000 n 0000097279 00000 n If you won't need your savings for several years or decades, one of the best ways to make your money work for you is to invest. 0000098465 00000 n No matter how you are saving or investing, have a specific set of goals. 0000101947 00000 n 0000115075 00000 n 0000106147 00000 n 0000113711 00000 n 0000110703 00000 n 0000108616 00000 n 0000103587 00000 n 0000095757 00000 n 0000110578 00000 n 6. 0000108670 00000 n What Does It Mean to Make Your Money Work For You? 0000106541 00000 n
0000096135 00000 n 0000109515 00000 n 0000096189 00000 n 0000103713 00000 n 0000113446 00000 n Adobe's PDF (Portable Document Format) is one of the most popular ways to distribute printed information electronically. Building an emergency fund can take time. x��YP��v�s���Ƥ� x 4���\.� ��v@�BQ;L�E'5���Hf!���\45FScR���BL$��5 3�34vk�Ř����������q8��2;;�}�������>��{s X '@*��v8`��z��c� H��k�찀x��+Ĩ�OX�S���cNx*�ӧ 0000107183 00000 n An unexpected car repair, a medical procedure, a job loss, or any other financial emergency can quickly send you spiraling into new or more debt, wiping out any progress you've made towards taking control of your money. 0000106694 00000 n 9 Decide What You Want Money For ..... 20 10 Understand That Money Begets Money ..... 22 11 Calculate the Net Return ..... 24 12 If You See Money as the Solution, You’ll Find It Becomes the Problem ..... 26 13 You Can Make Lots of Money, You Can Enjoy Your Job, 0000007882 00000 n 0000099185 00000 n 0000102971 00000 n 0000108064 00000 n 0000099687 00000 n 0000113840 00000 n 0000104623 00000 n 0000007328 00000 n You can begin investing it, allowing you to grow your wealth and create more financial stability and independence. 0000101535 00000 n 0000095023 00000 n Debt means your money isn't working for you, it's going towards paying that interest.
0000111065 00000 n 0000106201 00000 n Related: Sleep In and Make Millions: Why You Don't Need to Wake Up at 5 A.M. Start Slideshow 0000104045 00000 n 0000100974 00000 n
%%EOF 0000105809 00000 n 0000105385 00000 n 0000005076 00000 n If you’re young and you have debt and you want to live a Rich Life in the future, your first order of business is to get rid of it. 0000007509 00000 n Budgeting is not a one-time action. If you are still paying off debt or don't have much wiggle room in your budget, set aside whatever you can in a "surprise expenses" category in your budget. 0000101675 00000 n You probably hear it anywhere you seek financial advice or information. 0000112430 00000 n 0000109093 00000 n 0000104099 00000 n When you put your money into investments, it grows all on its own through interest or the increased value of the thing you invested in. This first way to make your money work for you is arguably the easiest -- though much of the time it won't be the most powerful: bank savings accounts. 0000109824 00000 n 0000096757 00000 n 0000113026 00000 n 0000104478 00000 n 0000112092 00000 n 0000095114 00000 n
0000100809 00000 n 0000095555 00000 n 0000099809 00000 n 0000112485 00000 n 0000106748 00000 n 0000104294 00000 n 0000096926 00000 n If you have credit card debt, this strategy isn't for you — the key to making your money work with your cards is being able to pay off your bill in full every month. 0000102804 00000 n o� 0000113260 00000 n Somer G. Anderson is an Accounting and Finance Professor with a passion for increasing the financial literacy of American consumers. 0000108443 00000 n 0000114448 00000 n 0000106317 00000 n 0000106487 00000 n
0000099863 00000 n 0000101893 00000 n