Take Charge of Your Money

If your income is not enough to cover all your expenses, you must either cut your expenses or increase your income. You'll find that it's usually easier to cut spending. You don't need to make drastic changes, but make some effective cuts that will allow you to pay your bills. First, cover the bills you must pay ( mortgage, utilities, loan payments, credit card ) and money for necessities (food, clothing, insurance). Then, focus on non-essentials - areas where you can afford to cut back.

It's also good to choose a bank that will help you define your money goals and how to achieve them. Don't wait until you have your first million to sit down with a wealth planner - planning your finances today will make that first million happen sooner.