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2019-09-25 19:46:271 Oct 2018 01:53 AM EST
Living on a tight financial budget?
That doesn't mean you can't take control of your finances.
Business Insider spoke with financial experts who shared 5 rules of personal finance that everyone should know. Their tips include:
1. Pay off your bills in their entirety each month to avoid building debt. Set digital reminders on your phone to keep track of payment due dates.
2. Use your credit cards wisely.
Kelly F. Crane, president and chief investment officer at Napa Valley Wealth Management, explains, "You want a credit card that will help you build credit, not drive you further into debt...Look for a card that maximizes your goals alongside your everyday purchases."
3. Prioritize your emergency fund. Set up automatic bank transfers after each paycheck to make sure your fund builds.
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