Simplify your finances to get ahead

Managing your money can be complicated (even if you have a little), but it becomes easier to control if you simplify the process.

Steps to simplify your finances –

  1. Consolidate your accounts – It’s not uncommon for people to have multiple bank and investment accounts. Apart from avoiding the payment of multiple bank charges, streamlining the accounts would make them easier to track.
  2. Automate your payments and investments – With direct debits from your accounts for these, that’s something less to worry about.
  3. Use technology – There are apps you can use for budgeting as well as fintech platforms you can use to save and invest in multiple asset classes.

Other ideas:

  • Eliminate paper statements.
  • Consolidate your debts, if possible.

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