There are many simple things you can do to start managing your finances. Most people do not have the time to sit down to examine their money situation. However, here are a few ideas anyone can do to begin monitoring your finances and begin managing your money.
-Get your credit report. Most people know that they are entitled to a free credit report. However, the credit report does not contain your credit score. If you would like to know your actual credit score there are services like www.myfico.com that will give you your credit score for about $20.00.
-Open a dedicated savings account. Many people do not have a dedicated savings account or have a savings account that is closesly tied to their checking account. Many institutions have dedicated savings accounts that offer higher than average rates. Check out www.discoverbank.com
-Lower your bills. Websites such as www.billshrink.com will look at things like your cellphone, cable and internet bills and offer lower-cost providers based on exactly what services you use and require.
-Create a monthly balance sheet. There are money management websites such as www.mint.com that will allow you to upload your various account information and will create a balance sheet so you can see exactly what money is coming in and what money is going out.
These simple things can start you on your path to figuring out your finances and managing your money!