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Set Yourself Up For Financial Success, 10 Best Practices

Spend less than you earn. This one, simple practice will save you a word of trouble.
9 Use your bank’s auto-pay system. Setting your recurring bills on auto-pay helps ensure you’ll never miss a payment.
8 Limit others’ access to your money. Beyond creating strong passwords, make sure you maintain control by sending payments rather than allowing others to draft your account.
7 Read the fine print. Don’t sign any financial documents until you understand exactly what you’re agreeing to.
6 Keep college loans under control. Don’t spend more on higher eduction than you’ll earn in the first year.
5 Protect yourself and your family. Cover the basics with life, health, home and auto insurance.
4 Pay down debt. It really doessn’t matter if it’s good or bad debt. Simplify life by getting rid of any debt that’s hanging over your head.
3 Educate yourself. Protect against scams by arming yourself with information form multiple, independent sources.
2 Practice giving. Sharing your wealth with others fosters an attitude of abundance that permeates your entire life.
1 Pay yourself first. Every time you earn money, set aside a pre-determined percentage for both long and short term savings.

Source: Success From Home Magazine, Volume 8 – Issue 8

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