7 Signs You’re Doing Better With Money Than you Think
When it comes to personal finances, it can be really easy to feel overwhelmed and like we’re not doing enough.
In spite of this, we must acknowledge some success, particularly since each of us has our own definitions of success and how we spend and save our money.
We’ll all made mistakes with our money, but even if you did so it doesn’t mean your bad with money.
Chances are that you’re doing much better with money than you think you realize and it’s time to take a look at some of your accomplishments.
1. You know how much you have and how much you spend.
Knowing how much you spend to sustain your lifestyle is important to determine how much you can afford and what you cannot.
Getting a clear idea of what your finances are is always a good sign that while you may not have the capabilities to change right now you still have a grasp on your situation.
2. Your spending less than what you earn.
Spending less is a key factor to healthy finances, otherwise, you wouldn’t be able to set any goals for yourself.
If there is any leftover money, it could then be used to pay off debts, invest, or open a savings account.
A lot of people are living paycheck to paycheck or may not have the means to pay $400 in case of an emergency, so it’s quite an accomplishment to achieve this.
3. You pay your bills on time.
It’s impossible to avoid bills, and not paying them on time could keep you in debt for a longer period.
This could set you further back on your financial goals or responsibilities as it could have a massive effect on your credit score.
Make sure that you maintain good standing with all your bills by automating them directly to your account.
4. You’re saving your money.
According to Pew Charitable Trusts, they found that 33% of Americans have no savings at all.
Saving your money is a sure way to know that you can cover all your necessities…