If you’re lucky, then you learned financial management
skills from your parents. If your parents, however, had bad financial habits or
if they never talked to you about how to deal with money, you may find yourself
in a bit of a money-crisis once you’re dealing with money on your own. It might
not feel like a crisis at first but, if you’re not careful, your expenses can
creep up on you little by little until you’re completely in debt and don’t have
a way out.
You need to set a reasonable limit for each credit card you
own and not go over that limit. You should also come up with a manageable
payment plan that includes paying more than the minimum payment due. If you
can’t afford this minimum payment, then the card limit you’ve set for yourself
is too high!
In addition to practicing good asset management, remember
the importance of putting money aside for life’s little emergencies. If you’d
like some help with Naperville asset management
or with becoming more financially stable, contact your friendly Naperville financial advisors at Platinum Financial Associates,
Inc.
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