Beginner’s guide to manage your money

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Taking the time to manage your money better can really pay off. It can help you stay on top of your bills, or save extra $1,000 each year. You can use these extra savings to pay off any debts you might have, put them towards your pension plan, spend them on your next car or holiday, or even better:  invest them to achieve financial freedom faster.

What do you want in your life? Buy your own house? A new car? A comfortable retirement? While these questions may seem basic, they can be the starting point of good money management. Make a plan to get where you want to be. Here are ways to get started:

  1. Get a snapshot of your net worth
  2. set up a budget or get it back on track
  3. Pay off any loans and credit cards
  4. Set a savings goal
  5. Invest your savings strategically

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