For many Americans, they have put themselves in a horrible financial situation and it’s getting worse day by day. Nearly 80 percent of Americans are living paycheck to paycheck and even more don’t have one thousand dollars in their savings account. How can this be when the economy is booming? Well, most of it stems from bad financial habits. In this article, I’m going to be breaking down the top 3 financial tips that have helped me get ahead and can help you get ahead also.

1. Set a budget
Unless you’re a billionaire, you need a budget. Heck, even billionaires may need a budget. Every month, you have to know what your income is going to be and where every dollar is going to be allocated. Make a spreadsheet that shows every dollar coming in and every dollar being spent. By accurately tracking this, you’ll be able to optimize your finances and dodge a lot of financial struggle.

2. Savings
As part of your budget, make it a goal to save at least 15% of your income every month. If you can save more, do it. You can later invest this money or put it into an important emergency fund that you may need later.

3. Focus
Make it a goal to look at your financial accounts every day. When you focus this much attention on them, it’s easy to know where every penny is being spent.

Overall, I hope these three tips help you on your way to financial freedom.

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