Five Personal Finance Rules You Should Be Following

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By Abhi Golhar

Managing money properly is one of the most common things that people struggle with on a day-to-day basis. Though it can be difficult to carefully track your finances, failure to do so can have a significant negative impact on your life, in some cases resulting in bankruptcy or an inability to ever create decent savings. When I was in college, I knew investing in real estate was in my near future. Before I purchased my first property to flip, I saved money by decreasing my expenses to the bare minimum, avoiding credit cards and starting a small side business marketing classic cars to generate income. This allowed me to start my education in real estate at a very early age.

As with most things, following some simple rules will give you at least a good start in managing your money. Here are five of the top rules for personal finance and money management.

1. Save Most Of What You Don’t Have To Spend

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