Money is a necessity, and something that can provide security for you and your loved ones. However, money can also be abused, and when people do not understand the value of money, it can bring them a lot of trouble and prevent them from having the security that they need. Jameson Van Houten believes that everyone should be smart about the way that they handle their money. To help individuals young and old be smart about their money matters, Jameson Van Houten shares these financial tips.
- Spend time learning: You should always stay up to date and knowledgeable on the best ways to spend and save your money. Jameson Van Houten believes that it is important that each individual knows all they can about their financial planning, and that they continue to add to their knowledge base. Even if they only learn a little at a time, it can help them make sound financial decisions.
- Treat saving as a necessity: Many individuals live paycheck to paycheck, paying their bills and then spending the rest of their money on whatever they want until their next payday. This mentality neglects saving which is vital to future financial security. Van Houten believes that savings should be treated as any other expense, and the same amount should be taken from each and every paycheck.
- Always have an emergency fund: Many people have a generic savings account that they use for everything. Jameson Van Houten knows that the problem with this kind of plan is that when an emergency comes up, you may have to dip into your savings that had a different designation. By, not separating savings, you may also be draining emergency money for other purchases. Always have an emergency fund that is only for that purpose so that you are always prepared.