Hello all those who want to better manage their money! This week, before this series wraps up next post, I have a few various bits of advice to support your budgeting system and financial efforts:

1. Make paying off debt a priority. Overpay your car or student loans (against the principle) as you have extra money. Implement debt consolidation if you need to. I agree with Dave Ramsey, and it just plain makes sense: Pay off your debts in order of which has the highest interest rate (not the highest balance due.)
2. Keep a document on your computer or Google Drive listing your 1. Donation amounts (or values, in the case of items) to charities; 2. Out of pocket health expenses you’re your co-pays on prescriptions and expenses for dental work after your benefits have run out for the year; and 3. Mileage to doctor or dental appointments. This information will help you complete your tax return when it comes time.
3. Keep a list of all the automatic drafts to your bank account or credit cards. This helps when reviewing your statements each month or if you have to change your credit or card number. You can have this list include how you receive payments from certain sites. For example:
• Airbnb.com earnings – Checking Acct
• Amazon sales – Paypal
• Car Insurance – checking account
• Dental insurance – Mastercard
• ebay invoices/fees – Mastercard
• ebay sales – Paypal
• Netflix – Mastercard
• Paychecks – direct deposit to checking account
• Security System – Mastercard

4. Finally, if you’re a Christian, you should tithe 10% on your earnings. Not only is this covered in scripture (Prov 3:9, 11:25; Mal 3:10), but I believe God will bless and provide for you if you do so. That has definitely been the case for me.

Don’t miss a thing. Subscribe to receive updates by email.