# Nine Good Financial Habits
1. Pay yourself first. Every time they told their pay set aside 15% -25% of the money for the purchase of investment funds. Remember that the money will pay their own future within the project included in the monthly fixed expenses.
2. Note the expenditure. Record your expenses will help you understand the importance of personal or family expenses, a clear bottom line of life and goals. Understanding of their consumer spending is carefully controlled a good start. Put right incentives, the location of fun and life goals. To do this, it must develop a plan to clear life goals, plans, of course should include the money for vacation travel, but also include leisure and entertainment project, should include savings and investment money. In short, enjoy the present, do not forget the long term and able to save a lot of money for their future.
3. Leaving only a credit card. If you hold a credit card, the more you spend the greater the opportunity and desire, the more savings to more overdrafts. Quickly write off the extra credit card and bank account!
4. Select an area of smaller homes. With the prevalence of individual housing loans, housing space and housing people, “style” of the pursuit is also expanding. Many young people from more than 20 years since housing began to struggle, work hard, earn money, most of his income to the bank. Personal financial advisors believe that the pursuit of a big house to show you the surface of the vanity of life. Some of the idle, empty room desperately accumulate mortgages, buy to fill the empty room with matching furniture, electronics, life is endless in a way become “hard labor.”
5. Avoid blind shopping. The only way to control the blind shopping is to make your purchase was complicated; if only with cash out, no credit card, there is no accompanying shopping partner. Many women do not need to go shopping only when shopping, and on them, the habit of shopping is a pastime, shopping is a hobby; buy things, life may have no access to. If so, I suggest you train other pastimes such as reading, chatting, sports and so on.
6. Reduce the demand for your life. Think you have a lot needs to be completely unnecessary. Without them, like you live and work, and perhaps life more easier. You can quit reading magazines of addiction, you can quit boring groups, to avoid unnecessary expenditure of time and money; you can buy as little as possible or not to buy clothes need dry cleaning to reduce the “maintenance” costs; you can use the up and down stairs, cycling, doing housework, jogging or walking exercise, etc., which can be exempted from the cost of health clubs … …
7. Extend the service life of articles. Institute of heart love your clothes, trying to extend their service life, which can help you save lots of money!
8. The windfall savings. A sum of money for the unexpected, such as dividends and bonuses. Personal financial advisors that the windfall should be used to save for retirement, investment projects.
9. Interest and dividend reinvestment. For the purchase of open-end fund investors, financial advisers recommend that individuals choose to reinvest dividends and back-end fees. Is simple interest bank savings, while the investment dividends reinvested automatically rolls, you can enjoy the effects of compound interest, in addition to interest-bearing capital, the interest will compound interest. In short when you get interest or dividends do not spend the money taken out, and to their re-investment, over time, the result will be very objective!
Excerpt from “Nine good financial habits”