It is natural to make mistakes and bad decisions. There is a chance that your bank will wave a bounced check fee if it is the first time it has happened. This is usually a one-time courtesy that banks extend to good customers. Make sure to save for a rainy day by creating a savings account for emergencies. You can use it to pay for a goal, like saving for college, or paying off your credit card. Knowing and understanding your personal finances is one of the best tools to equip yourself with. You should keep track of your expenses and save a certain amount weekly. With the following tips, learn how to save and spend wisely. Your financial goals are within reach. Get CFLs bulbs instead of regular ones. If you replace your bulbs, you can lower your electricity costs and benefit the environment. In addition, CFL bulbs have a longer lifespan than incandescent bulbs. This will help you save money on replacement bulbs. If you have a flexible spending account, use it. You can save money on medical costs and childcare expenses by using a flexible account. These accounts allow you to put a certain amount of pretax dollars aside to pay for such expenses. Speak with a tax pro to see what kind of conditions are involved.
Make sure that you annually rebalance your portfolio. By reanalyzing the portfolio on an annual basis, you can ensure that any high risk investments are removed or reduced in exposure. You will also be able to learn how to, or capitalize upon, buying low and selling high.