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Editorial in Chief

How to Be Smarter With Your Finances

There’s no question that the United States has one of the most bustling economies in the world. In fact, many people consider the U.S. to be the land of opportunity. However, many people all over the country are struggling financially because they don’t understand how to manage their money.

Becoming financially literate is one of the most important parts of adulting. If you don’t understand how currency works, you’ll spend your entire life toiling for it and never fully reaping the benefits of your labor. Continue reading to get some tips that will make you more money smart.

Look for ways to save on car insurance.


Car insurance is something you have to have in the United States to operate a motor vehicle, whether you’re driving in New York City, Los Angeles, or anywhere else in the U.S. The reason you have to have auto insurance in the U.S. is that car collisions can have astronomical financial implications. With bodily injuries, property damage, and lost wages, it’s not uncommon for the financial damages of car accidents to reach hundreds of thousands of dollars.

It may be tempting to purchase the cheapest car insurance you can find, however, going for the lowest car insurance rate isn’t always the best financial decision. Even though liability insurance covers any damages you cause if you’re the at-fault party in a car accident, it doesn’t protect you or your vehicle. Full-coverage insurance costs more, but it could save you thousands of dollars in the long run if something occurs where you need your insurance company to step in on your behalf.

A great way to find the best rates for car insurance is to compare car insurance quotes online using an online tool like iSelect.com. Not only can you see car insurance quotes side-by-side, but you also can compare other things like discounts, deductibles, and different types of auto insurance policies from top insurance companies like Geico, Liberty Mutual, and State Farm.

Learn as much as possible about how money works.


For a country with as many great opportunities as the United States, you would think financial literacy would be a little higher than it is. It’s one thing to know how to earn money, but knowing what to do with the money you earn is a totally different story.

By reading online publications like Influential Times, you can get valuable insights into things like mortgages and loans as well as read stories of inspiring and influential people. Being financially wise is a mindset that requires you to have a willingness to learn about money and keep up with the current events that shape economics. Knowledge is power, and becoming financially literate is empowering.

Work on improving your credit score.


Whether you plan on purchasing a car or home or simply getting a credit card or the latest smartphone, your credit score is one of the most key factors in your eligibility for financing, loans, and credit. It’s important to monitor your credit history closely and make your payments on time to keep your credit score in a respectable neighborhood.

If you’re already saddled with poor credit, it’s a good idea to invest in debt rehab or debt consolidation. There are plenty of great people with poor credit, and the problem with that is companies see your credit as being an indicator of the type of person you are. In a world where having poor credit leaves a poor impression on creditors, lenders, and potential employers, it’s important to work hard to get your credit together and keep it that way.

There’s much more to money than merely working to earn it and then spending it. The smarter you are about finances, the easier it will be to make your money work as hard for you as you do for it. The keys are to budget wisely, start investing, work on your credit score, and get the right kinds of insurance to protect your financial interests.



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