According to a 2018 report by Bankrate, 21 percent of Americans carry more credit-card debt right now than they have in personal savings. (Yikes.) And according to WalletHub’s most recent Credit Card Debt Study released last month, our country just reached a terrible milestone: Right now, for the first time in history, we officially own more than $1 trillion in credit card debt. (Double yikes.)
OK, so we’re collectively not so great with money. But if there’s a silver lining, it’s that financial responsibility and literacy begins small—with the daily decisions you make as you walk through life, whether it’s while shopping for groceries, signing up for streaming services, or buying your airplane tickets for your family trip. So read on, and consider these 20 great tips for setting you on the right path to tidy up your finances. (Though if you’re really struggling, we’d advise you to see a financial planner ASAP.)
Know that you never have to pay full price
Pretty much anything—clothing, food, movie rentals, plane tickets, hotel rooms, you name it—will, at some point or another, end up marked down. By paying full price for anything, you’re shooting yourself right in the wallet.