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Must-Read: Stop Wasting Money

Let your money work for you. That phrase is, for better or worse, the end-all, be-all of financial advice. Which certainly makes sense. If you have some money then you want to be able to use that to make more money. But one of the ways to make money, in a way, is certainly not to spend money where you don’t need to.

broke1So today we’re heading over to AskMen.com where they have a list of ways that you’re wasting money, and how to stop doing that. This is important information for everyone to know, and information that is readily available there for you to obtain if you just click over to the link. Among the ways that you’re getting rid of your money at an unnecessary rate:

No.10 Paying Interest

Few things in finance are as evil as interest payments. Historically, usury was looked upon as a crime, even a sin, and it wasn’t uncommon for particularly greedy merchants to be burned or pilloried for charging excessive interest. Nowadays, charging excessive interest is standard practice and the greatest loan sharks of all are credit card companies, who entice you with promises of easy payment programs and large credit only to pull the rug out from under you with 18% interest.

As always, do your research. There are good credit cards and bad credit cards, and being able to tell the difference will not only save you money in the short term but, by keeping your credit score high, will make applying for things like a mortgage or car financing much less painful.

So head on over to the link again and check out the other 9 bits of advice that you need to know in order to take advantage of the money you have coming in.

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About Rick Mosely Rick is the editor for TSB magazine.

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