TIP! Avoid debt whenever you can. Though certain debts are hard to avoid, including those for home and education expenses, it is important to stay away from incurring expensive, unnecessary debt such as credit card debt.

You don’t have to be an expert to manage your money well. By adopting a sensible approach and applying excellent money management principles, you’ll be empowered to exist within your financial limits, while simultaneously building your wealth.

TIP! Be aware of IRS income tax deadlines. If you know you have a refund coming, file as soon as possible.

Buy your food in large quantities to save money and spend less time shopping. If you plan to use all you buy, the best way to save is by bulk purchases. You will save time and money by cooking many meals at one time. Choose dishes that freeze well and you can have dinner ready for a week!

TIP! Make sure you have adequate health insurance coverage. Sooner or later, almost everyone needs medical care.

Your car and house are very likely going to be your biggest expenses. Paying the interest on these things often eats up a lot of money each month. You can reduce the amount of interest you pay by increasing your monthly payment.

TIP! Use multiple credit cards instead of maxing one out. The interest of two different payments should be much lower than paying off a maxed out credit card.

If your debt has been turned over to a collection agency, keep in mind that if the debt is not collected, it will eventually expire. Ask experts when your debt expires and avoid paying collection agencies that attempt to collect money for older debt.

TIP! If you want to better manage your finances, you need to rid yourself of any outstanding debt. You’ll have to make some severe sacrifices, but once you’ve paid off those loans and credit cards you’ll be in the gold.

Swap energy-efficient CFL bulbs in to replace older, incandescent ones. Changing to more efficient light bulbs will decrease your electric bill and help the environment. Also, CFL light-bulbs last more than twice as long as incandescent light-bulbs. Over time you will save money by replacing the energy-efficient bulbs less often.

TIP! For high-ticket items, be sure to shop around to get the best price. The best way to find a reasonable price for an automobile is by shopping at the dealers nearby.

Avoid eating out in general and save a lot of money. Buying the ingredients and putting meals together at home will save one money, as well as giving one an appreciation for the effort it takes to make good tasting meals.

Find a bank that offers free checking. Search local credit unions, community banks, and online banks.

TIP! To quickly lower your debt, pay off the accounts that carry the highest interest rates first. Paying off the highest interest rates first is the most cost efficient way to get out of debt.

Paying attention to your finances will only help you in the long run. Keep track of what you make and what you are spending and then analyze how much you can save in your property costs. Be sure you have a firm property budget established to refer to as a guideline.

TIP! While it isn’t as convenient, only using your bank or credit union’s ATM machines can help you save a lot of money. The per-transaction fees are on the rise, as this is money that you can have in your pocket.

Give yourself a specific allowance so that you don’t overspend. This allowance is enough for you to purchase shoes, meals and books, but that is all the spending money you get for the month. This way, you can have small treats without causing big damage.

TIP! Make a super-large wall chart that shows all of your minimums due and due dates. If you use this method, you won’t miss any payments even if your bill is lost in the mail or you don’t receive it for some other reason.

It’s only natural that a good money manager can make more money, avoid financial pitfalls, and be free from worry. Just take these tips to heart and put them to use to build your skills to budget, pay off debt and save for a rainy day.