Entire sectors of the economy are dedicated to separating you from your hard-earned cash. Here are some tips to help you keep more of your money.
Every time you consider buying something, whether it’s a soda or song download, ask yourself, “Do I really need this?” If the answer is no, don’t buy it. Follow these tips:
- Don’t get in over your head with buying clothes, eating out or living a lifestyle you can’t pay for.
- Buy smart by being a good consumer and researching your options.
- Avoid buying something on impulse, especially a high dollar item.
- Comparison shop — you might find bargains elsewhere.
- Always have a budget, monitor your bank account carefully and check your credit reports once a year for accuracy and possible identity theft.
KHEAA is the state agency that administers Kentucky’s grant and scholarship programs, including the Kentucky Educational Excellence Scholarship (KEES). It provides financial literacy videos at http://itsmoney.kheaa.com. KHEAA also provides free copies of “It’s Money, Baby,” a guide to financial literacy, to Kentucky schools and residents upon request at firstname.lastname@example.org.
To learn how to plan and prepare for higher education, go to www.gotocollege.ky.gov. For more information about Kentucky scholarships and grants, visit www.kheaa.com; write KHEAA, P.O. Box 798, Frankfort, KY 40602; or call 800-928-8926, ext. 6-7214.