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09 Apr 2016
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The Best Advice Available For Personal Finances

If you live by yourself, how you manage your finances may not be a big deal. However, if you have a family, how you manage your money is important. This article is packed with practical guidelines for making more responsible decisions regarding your money.

The majority of new products include a warranty of between 90 and 360 days. If you are going to have a problem with your item, most likely it will occur during that time frame. Because they rarely have to pay them off, extended warranties are a safe bet for vendors, but for consumers, they are almost always a waste of time.

It is a good idea to always file your personal taxes when they are due. If you file for your refund with the IRS early, you will receive your money much quicker. If you expect to owe money, you ought to file close to the April 15 deadline.

Gradually replace all incandescent bulbs throughout your home with CFL bulbs, which are far more efficient. Replacing these bulbs can lower your electric bill and help the environment. Also, CFL light-bulbs last more than twice as long as incandescent light-bulbs. Despite the higher initial price, they pay for themselves, since you needn’t purchase new bulbs often.

Most banks offer online alert services as a part of your checking or savings account. Most banks will inform you via email or text message when certain changes happen to your account. You should especially utilize security related alerts that notify you of events that could create a risk of overdraft, or be related to fraudulent activity. For example, you can set up alerts for when your balance reaches a certain minimum, or when a large withdrawal is made.

Use the leftover dollars accumulated throughout your day for building your savings. Put the single dollars in a piggy bank, home safe or even your savings account for an easy savings plan. Saving up change can then be used to buy lottery tickets.

As was previously mentioned at the top of this article, when you have a family, it is especially important that you make intelligent personal financial decisions. Create an intelligent, well thought-out budget to help you get the most out of the money you make and avoid falling into debt.