Financial advice can be found everywhere on the Internet.
From retirement saving guidance to child college funds, there is no lack for
info. There is, however, some pretty basic advice almost anyone could use.
Save, save save. This is usually the financial advice mantra
spoken and read time and again on television, in the media and on the Internet.
US Media Studios concurs.
Emergency funds are necessary to have to prevent financial
catastrophe. Save one percent of regular pay every pay period, and have it
automatically deposited into a savings account. Name the account when you set
it up, as a reminder to yourself. At least three months of savings are needed to
avoid serious debt and financial trouble in an emergency.
Insurance for the big, valuable items you own. Insurance
protects you from the things that can flatten you financially, if something
major happened to them. Examples are vehicle accidents, catastrophic weather
events like tornadoes or flooding. Higher limits mean higher deductibles to
pay, but in the long run, this protects you financially.
Credit cards and credit card debt are major financial
obstacles to break through for many people. Carry a few cards, charge only 10
percent of the credit limit each month on them, and pay off balance every
month. Look for a low interest rate card, or if you have one, transfer the
balance onto that card and pay it off. Once that’s done, find the best rewards card
that offers 1.5% back on charges. US Media Studios believes we can all be financially healthy as long as we stay on
top of it.
