To work, then.
There is plenty of financial knowledge which is relevant or which could be useful to us. So plenty, in fact, that it may almost seem too hard a task just to determine the first subject to tackle, let alone to become all-around knowledgeable.
Well, this project is to be taken step by step.
The correct place to start, in my opinion, is with the very core of our financial matters: Our bank and our bank account.
0. Create a “personal finances” directory in your computer
This is the first step to take, really, once you have decided to get a grip on finances. Success will vary depending on just how organized you are. Thus, a “personal finances” directory, or a proper substitute, is a must.
1. Get Internet Banking
One of the most important things when managing an investment, any investment, is accessibility. This is not just for the sake of convenience. You must be able to check on your investment at all times. You need all the relevant information readily available to you.
If it’s hard to find out what’s going on in your bank account, then it is accordingly easy to neglect your bank account. Don’t let it happen.
Internet Banking is the answer. Make sure you have internet access to your bank account.
2. Get familiar with Internet Banking
Once you have internet banking, do not settle for an occasional balance check. Make sure you know and understand all (or most) of the functions available to you.
This serves two purposes: Firstly, these functions may be of use to you. Secondly, if and when you encounter something (a term) you do not understand, look it up. This will contribute to your financial knowledge.
A proper internet account should have sections dedicated to your balance and past account movement, credit cards, deposits, stocks and more.
3. Know the costs of your account
Find out what are the costs of your account. Find out what are the commissions you pay. How? Either talk directly with your bank, by phone or face to face, or look for it in your account’s internet page. Write your findings in a file and place it in your newly-created “personal finances” directory.
Some banks offer substantially better terms than others. This can make a difference. A quick and easy way to save some money is to compare prices between banks and make sure the costs of your account are in the lower range.
If you have followed steps 0 to 3, you now have access to internet banking and you are familiar with what it has to offer. You also made sure you are not making an unnecessary expense, paying higher commissions than you have to. What costs you do pay are written down and stored in your “personal finances” directory.
There is plenty of financial knowledge which is relevant or which could be useful to us. So plenty, in fact, that it may almost seem too hard a task just to determine the first subject to tackle, let alone to become all-around knowledgeable.
Well, this project is to be taken step by step.
The correct place to start, in my opinion, is with the very core of our financial matters: Our bank and our bank account.
0. Create a “personal finances” directory in your computer
This is the first step to take, really, once you have decided to get a grip on finances. Success will vary depending on just how organized you are. Thus, a “personal finances” directory, or a proper substitute, is a must.
1. Get Internet Banking
One of the most important things when managing an investment, any investment, is accessibility. This is not just for the sake of convenience. You must be able to check on your investment at all times. You need all the relevant information readily available to you.
If it’s hard to find out what’s going on in your bank account, then it is accordingly easy to neglect your bank account. Don’t let it happen.
Internet Banking is the answer. Make sure you have internet access to your bank account.
2. Get familiar with Internet Banking
Once you have internet banking, do not settle for an occasional balance check. Make sure you know and understand all (or most) of the functions available to you.
This serves two purposes: Firstly, these functions may be of use to you. Secondly, if and when you encounter something (a term) you do not understand, look it up. This will contribute to your financial knowledge.
A proper internet account should have sections dedicated to your balance and past account movement, credit cards, deposits, stocks and more.
3. Know the costs of your account
Find out what are the costs of your account. Find out what are the commissions you pay. How? Either talk directly with your bank, by phone or face to face, or look for it in your account’s internet page. Write your findings in a file and place it in your newly-created “personal finances” directory.
Some banks offer substantially better terms than others. This can make a difference. A quick and easy way to save some money is to compare prices between banks and make sure the costs of your account are in the lower range.
Summary:
If you have followed steps 0 to 3, you now have access to internet banking and you are familiar with what it has to offer. You also made sure you are not making an unnecessary expense, paying higher commissions than you have to. What costs you do pay are written down and stored in your “personal finances” directory.
Well done!
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