WinCU Family & Friends Blog

If you’re like me…you probably over-think the path to financial success. Technically finances are complicated.  Stocks, bonds, mutual funds, tax deferral, asset allocation, returns, risk tolerance – the list goes on-and-on! Don’t let all this jargon prevent you from achieving your goals.

Here are three simple tips for success:

Live within your means. This seems so simple, but it’s one of the reasons so many people live paycheck to paycheck. If you can get yourself on a budget earlier in your life the better. In its simplest form, if you are falling behind you have two choices: spend less or make more.

Have great credit. I have written about this before because it is so important to financial freedom. Good credit is as simple as… #1 make sure you pay bills on time. #2 keep balances on your credit cards low, less than half your limit. And, #3 use credit wisely.

SAVE! Recent studies show over 75% of Americans live paycheck to paycheck. Which means most of us don’t any emergency funds. This also means that anytime we want to do something fun we’re adding on up more debt. If you pay yourself, by saving some money every month, the stress of living day-to-day will diminish.

See, it’s not that hard…on paper. But, if you can just put these three tips to work, everything else takes care of itself. Good Luck