piggy_bank_main.jpg1. Pay off your credit card bills. This may seem obvious, and yet, it’s so easy to leave a balance.

2. Find a high-yielding savings or money-market account. Transfer your funds to an account that earns higher interest, and keep saving. Consider the stability of the bank you choose as some of the newer (but less established) banks will guarantee higher yields just to bring in business. Make it a habit to set aside a certain amount of your paycheck every payday for this.


3. Pay off any loans. In these times of high interest, it pays to be a lender and not a borrower. So pay off any loans you have and live interest-free.

4. Stay liquid. Since financial markets are very unstable, the height of a recession or economic crisis is not a time to make any bets on the stock market, unless you are advised by a professional.

5. Live simply. Refrain from major purchases and determine your real and perceived needs. Now is a time to save for a rainy day, to save and not to squander.

(Photo source: sxc.hu)

Get the latest updates from Female Network
Subscribe to our Newsletter!

Latest Stories

Iza Calzado Wishes She Had Her Eggs Frozen Earlier

The actress reveals why she isn't entertaining the idea of motherhood yet.

25 Words You Might Still Be Misusing

Think you are using a word that means one thing, only to find it means something else entirely? Get the lowdown on some common errors right here.

6 Beautiful Antipolo Churches to Go to for Visita Iglesia

Visita Iglesia with a view and relatively less traffic? Head East towards Antipolo City!

What are Hooded Eyes, and How to Apply Makeup on Them

Hooded eyes are natural, but it can be sometimes be a challenge to put makeup on them.
Load More Stories