Top 10 Tips for Taking Back Control of Your Finances

Does thinking about your finances send a shiver up your spine? You may be afraid of
your money. Your attitude towards money can affect you positively or negatively.
Luckily, even if the thought of your finances fills you with dread, you can take certain
actions that will enable you to take back control.
These tips will help you get a handle on your finances:
1. Don’t be afraid to handle your own bills.
If you’re in the habit of having someone else handle your bills, begin doing them on your own
and understand them. Take one day a month to sit down, go over your bills, and pay them

2. Consider getting a consolidation loan
If you have a lot of installment loans and credit cards, you may want to consider getting a
consolidation loan. This type of loan combines all of your payments so you just make one per
month and save money on interests and fees.

3. Ensure you’re saving money every month
A good rule of thumb to follow is to save 15% of your salary each month and put it into an
account that earns interest. Once you’ve built an emergency fund that you’re comfortable with,
start investing your savings.

4. Consider refinancing your mortgage
When interest rates are lower than the one you started your mortgage with, you may be able to
save thousands of dollars on your mortgage by refinancing. This is particularly true if you intend
to stay in your house for years. Do the math to see if refinancing would be
advantageous for you.

5. Plan for vacations ahead of time
Plan for trips by joining travel clubs that can offer you tremendous savings. This can give you
much more fun for your money.

6. Make investments wisely.
Investing in your future is good for you and your family. Seek professional help from a financial
advisor if you’re unsure which investments would be right for you.

7. Understand interest rates and fees on your credit cards
Make your payments on time to avoid extra fees. See if you can negotiate a lower interest rate
with your credit card companies or switch to another credit card.

8. Avoid unnecessary debts
Set a monthly budget. Divide your monthly budget between three categories such as
necessities, wants, and savings.

9. Consider starting any side hustle
You can turn your hobbies into a profitable business, start any online business that can bring an
additional monthly income or rent out a room in your house

10. Understand your taxes
If you can’t handle these yourself, hire a Tax Strategist to assist you. It will help you maximize
your deductions and credits & minimize your liabilities.

Rethinking your finances may take some patience on your part. These tips will help.
Just try one strategy at a time. Once you get used to that strategy, add another.
Repeat this routine until you’ve mastered all 10 tips. If you need further assistance, send an
email to or Text to 860-968-6060