100 Words On: Why It Pays to Keep It Simple, Stupid

Keep it simple, Stupid. That’s something we’ve all been told at one time or another, for any variety of reasons. That’s usually sage advice — especially when it comes to managing your personal finances. There’s no need to make things complicated. Generally speaking, remember:

  • Minimize or eliminate impulse purchases.
  • Save up for what you can’t afford.
  • Understand where every penny you earn is going.
  • Pay yourself first; make your retirement and emergency funds your top priority.
  • Make sure your credit card balances are paid in full each month.
  • Spend less than you earn.

The bottom line: It really is that simple.

Photo Credit: Ina Centaur

18 comments to 100 Words On: Why It Pays to Keep It Simple, Stupid

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