When economies go bad, it seems that very few of us, women in particular, are ready to weather the storm. We tend to spend more on credit cards, and we also tend to bear the brunt of household cutbacks. So how can we insulate ourselves in case of financial crisis? Here are 7 steps to improve your finances, regardless of what’s going on in the economy!
1. STOP Using Credit Cards!
Photo Credit: LISA M G
The very first thing you need to do to improve your finances is to STOP using your credit cards. No matter how low your APR is, no matter how low that minimum monthly payment is, it’s still an expense you do not need, and paying interest is never good for your finances!