Achieving financial success is a long-term plan, and it is certainly not an easy one given the financial crisis that has affected all the market sectors. Nonetheless, with proper financial planning and some minor sacrifices, you can put some money aside for the rainy days and you can raise money to achieve your goals as well. Here are several useful hints that will help you achieve financial success without any hassles:

1. Get Rid Of Credit Card Debt

If you have credit card debt (like millions of other people worldwide), then you certainly know how bothersome it is and how difficult it is to pay it off. Nonetheless, credit card debt can be a real obstacle in the way or your financial success, not to mention that it makes it impossible for you to take out a loan if you need it.

We may not think about credit card debt when we go on a shopping spree, but when we get the balance sheet and we see it, we do start to panic. Why pay more than you have to, and why pay penalties and additional taxes when you can simply get rid of debt and start raising money?

2. Put Some Money Aside

Make a detailed and well designed savings plan and try to stick to it. For instance, you can put aside 15% of what you earn monthly: you can raise money for a holiday, for a home renovation project, for your child’s education or simply for the unpredictable situations that occur when you least expect them.

Make sure to put the money aside before you start paying your bills – there are some programs that automatically withdraw a certain percent from your salary as soon as you get your paycheck, so you do not need to worry about overspending. For instance, you can open a savings account and ask the bank to withdraw a certain amount of money on a monthly basis, at a given date. The money will be safely stored and you have access to it whenever you want.

3. Keep Track Of Your Money

A good shopping list that you make just before you go shopping will help you stick to the items that are absolutely essential for your home, so you will not end up overspending. Same applies to your financial records – if you keep good records, you will be able to claim your income tax deductions and everything.

Why not get part of your money back if you are entitled to it? In the end, it is your hard earned money we are talking about. Make sure to keep every receipt and store it in a safe place, then get in touch with an experienced accountant to see if you are eligible for a tax deduction of any kind.

4. Pay Bills As Soon As You Receive Them

This is certainly the golden rule of money saving: make sure you pay the rent (if case) and all the utility bills as soon as they arrive, to avoid additional expenses and penalties that applies if you exceed the deadline. At the same time, you can choose to automatically deduct money from your bank account from your bills, or you can use the online banking system to pay them quickly and easily, from your home.

5. Think And Act Practically – Avoid Compulsive Shopping

At the end of the month when we realize that we do not know where did all our money go, we simply start to analyze the items we have purchased, just to realize that perhaps half of the items are absolutely unnecessary. This happens when you experience what is known as impulse spending – we all tend to spend money on things we do not necessarily need, simply because they come with good advertising or just because they are on sale.

This is one of the aspects that drain on our finances the most, so make sure to think twice before purchasing an item next time. Thinking practically will surely help you save some extra money that you can put aside, just in case.


These are 5 useful tips that can help you achieve financial success without any major sacrifices. Keeping track of your finances may not be easy, but it surely is efficient and it will benefit you in the future.