Money Management Ideas and Pine Advisors

**This is a sponsored post which I will be compensated for**

There are many ways you can do money management and Pine Advisors can help as well as you opening a bank account when it comes to deciding where to keep your hard-earned money, not all banks are the same. Fees vary greatly. Banks might charge you for speaking with a customer service representative by phone, visiting a teller, paying bills online, overdrawing your account, or other events. Choose a bank that has the best balance of customer service and fees, considering the types of services you plan to use the most.

Checking accounts: Many checking accounts waive certain fees if you have your paycheck directly deposited into your account. Most checking accounts also come with debit cards, which you can use to withdraw money from your account and to pay for items as you would with a credit card.

Savings accounts: For savings accounts, ask about interest rates, minimum balances, and whether you're allowed only a certain number of transactions per month. If so, you will generally be charged for each transaction over the limit.

Protect yourself from identity theft: Be sure to ask about the bank's policies to protect you from fraud and identity theft if someone uses your ATM or debit card without your permission.

Paying Taxes: Make sure to file your tax return on time which is April 15^th every year. If you can't, it's easy to get an extension by filing a simple form. However, an extension does not extend your time to pay any taxes you owe; you'll have to pay these when you file for the extension. Keep all documents related to your return for at least three years after you file.

Investing: When considering ways to invest your money, some common possibilities include (in roughly increasing order of risk): certificates of deposit (CDs), bonds, mutual funds, real estate, commodities, stocks, and business ventures. The riskier an investment is, the more important it is that you have some expertise or get assistance from a competent agent. Also consider how quickly you'll be able to cash out of the investment if you need quick access to the money.

Budgeting: The ways you set this up is household bills, living costs, financial products (insurance), family and friends (presents), travel (car costs, public transport), and leisure (holidays, sport, restaurants). Then you can figure out where you might be able to cut costs and save more.

Debt is a huge obstacle for many when it comes to reaching financial goals. That's why you should make eliminating it a priority. Set up a debt elimination plan, to help you pay it off more quickly. For example, while making minimum payments on all of your debt accounts, pay any extra money towards one debt at a time. After paying off one debt account, move all the money you were paying on the first debt to the next debt and continue from there, creating a debt-paydown “snowball effect.” Pine Advisors can help you with credit card debt as well.