Never be in the red again
The red on the checking account has decreased slightly according to the latest messages. This appears from the monitor of financial behavior of pointer in money matters. The Datch have gone a little less red in the past year. And payments were also made better and on time. Still, the red on the checking account remains unprecedentedly popular, despite the fact that this is an expensive form of borrowing money. If you do not want to transfer the red mark on your checking account to a much cheaper loan. At least we still have some tips to get rid of the red.
Provide a clear financial overview
If you don’t know what’s coming in, and you don’t know what your monthly expenses are, it’s easy to get in the red. There is no overview, so there is no brake on spending. By making a financial overview with your income and expenses you can immediately see where the expenses are too high. Here you can find many household books online that can help you quickly.
It appears that your expenses are structurally higher than your income. Then you will have to work with both your expenses and your income. Is working more an option? Or is this the push you need to transfer your expensive credit card and loan at the profitable revolving credit?
Make red standing off a priority
Borrowing money, costs money! We all know this well-known slogan. And of course it is true. Borrowing money costs you in addition to repayment of the loan also an amount per month in interest. The sooner you pay off your loan, the sooner you get rid of the monthly repayment. And the less interest you will have to pay per month.
Make a priority of paying off your loans.
Check your finances every week
Your finances should not concern you daily, but once a week is important in the beginning. Take a fixed time in the week in which you take time to go through your expenses. Are these all really necessary expenses? Or is there a possibility to save (even) further? Taking a few weeks each time for your financial situation will help you to lead a financially healthy life.
Take your expenses seriously
Just a small purchase here or there limits you to your budget, and ensures that you are less likely to redeem. The best solution for this is to pay attention to every issue that you do. Be aware that you can only spend your money once.
Save on loans, insurance, subscriptions.
Check carefully what you really need, and what actually has more luxury. Also check whether amounts are being debited from your account that you do not know. Some people have years of subscriptions for which they no longer know what it is for.
Saving on loans, insurance and energy can also be simple. Transferring a loan or transferring an insurance policy can save you a lot of money every month. Money that you then have left to save or use to do fun things with. Instead of paying on your loan. Requesting quotes is free of charge and without obligation at all times. So make sure that you regularly check whether you are still at the cheapest supplier. All this can help you to redeem the red on your checking account faster.