Have you ever looked at your bank account or even a credit card statement and wondered how the heck that happened? The bank account is low and the credit card balance is high?

Money comes in and money goes out. It’s pretty easy for your money to evaporate without you really knowing where it went.

Here are 3 sure fire tips that can help you keep more of you money.

1. Automate your bills and savings.
This an easy solution to make sure you are never late with a bill payment and forces you to save money. Most banks now have the option to set up online transactions, which allows you to set a  payment date and amount.

Automating your bills takes the stress out of them and allows you set and forget them. Just don’t get lazy with your bills or stop looking at them every month.

I personally have a happy medium. Some of my bills, the ones that don’t change from month-to-month, are automated along with a set amount to go into savings. Automated savings helps you put money away without even realizing it.

2. Create a budget.
I like to call this a money game plan, because that's exactly what it is. You need to create a plan for your money each month. This means you write down all your income and expenses. I love using the free version of Dave Ramsey’s EveryDollar. I fill out my budget online, print it out and break it down on paper into our pay periods. This way I know what expenses need to be paid each time we get paid.

If you want to keep more of your money, having a budget is a must. I use to hate budgeting but now it’s a fun habit. I love knowing that we are hitting our financial goals on a monthly basis.

If you think you have to be a math wizard to rock a budget, you are wrong. Math was my worst subject in school. If I can do this, you can, too.

A budget allows you to be in control of your money, take your power back, and create a money game plan for your finances. You won’t regret it.

3. Eliminate your debt.
Do you know how much your debt is really costing you? Do you have any idea how to figure it out?

How to Calculate True Credit Card Debt Costs

If you carry an average daily balance of $3,000 in credit card debt, your minimum payment will be around $60 a month (assuming a 2% minimum payment requirement — but some cards may have a different minimum percentage). If the credit card charges a 15% APR, interest could cost you between $400 and $450 per year.

Here's how to figure it out:

1. Divide your APR by 365 days per year. 15% / 365 = (about) .04%
2. Multiply .04% by 30 days per month. .04% x 30 = 1.2, or .012%
3. Multiply .012% by the $3,000 original balance = $36.00 a month in interest

With a $60 minimum payment, $36 goes toward interest each month and $24 goes toward your $3,000 credit card balance. So after you send your first $60 payment to your $3,000 credit card bill, you will still owe $2,976.

If you only pay your minimum balance due each month (2% or $25 minimum), it will take approximately 16 years to pay off your $3,000 debt. During those 16 years of making the minimum payments, you will have paid $3,641 in interest, turning your $3,000 purchase into a $6,641 one. Whatever you purchased for $3,000 will likely be broken and forgotten long before you've paid for it in full! (according to wisebread.com)


By creating a debt repayment plan and paying down your debt, you can stop making the bank rich and start keeping more of your hard-earned money.

If you want to keep more of your money, add some automation to your banking, create a money game plan and eliminate your debt. Before you know it your finances will be transformed forever!

3 sure fire tips to keep more of your money

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