Our Do’s and Don’ts of Personal Finance

By Mr. Saver @ Save Money, Dammit!

Throughout the personal finance community, there are countless sources of information that can confuse even the most savvy among us. When in doubt, it can be helpful to turn to some universal do’s and don’ts when it comes to finances.

Do this not that with your money


  • Live on less than you earn
  • Save for retirement as early and often as possible
  • Invest your money (and invest in yourself)
  • Avoid high-interest credit card debt
  • Build an emergency fund and plan for a “rainy day”
  • Use a money tool that works for you
  • Find a money mentor
  • Create an effective budget
  • Break the paycheck-to-paycheck cycle
  • Question if it’s best to rent or buy
  • Spend on what matters; sell what doesn’t
  • Give (your money and your time)
  • Regularly talk to your friends, relatives or spouse about money
  • Ask for a raise
  • Read Your Money or Your Life
  • Track your net worth
  • Work hard
  • Make a plan for debt freedom
  • Understand your credit report
  • Know where your retirement savings are going (which funds, how they’re allocated, and the associated fees)
  • Diversify (your investments as well as your income sources)
  • Be radical
  • Be kind


  • Trade time for stuff
  • Use a bank that loads you down with fees
  • Blindly listen to financial advisors
  • Be under-insured
  • Be over-insured
  • Buy a brand new car (DO buy used!)
  • Keep up with the Joneses (they’re broke)
  • Pay to store your shit
  • Gamble away your money
  • Buy more house than you can afford
  • Risk more than you can afford to lose
  • Pretend you know everything about money (there’s always more to learn)
  • Give or take bad advice
  • Sacrifice your well-being for more money
  • Dip into retirement savings to pay for common expenses
  • Put off saving now in the hopes of saving later (you probably won’t)
  • Seek comfort over freedom
  • Cut back for the sake of cutting back (you should have a goal)
  • Confuse frugality for being cheap
  • Be an asshole



save money dammit   About Save Money, Dammit!

We're a young couple dedicated to living a frugal lifestyle. After paying off $17,000 in debt, we started Save Money Dammit to inspire people to crush their debt, save more money and invest with confidence.



1- Upload your bills on our website
2- Our team negotiates
3- You get the savings


Get an estimate of the savings our Bill Experts could get you
Posted in Personal Finance.

Leave a Reply

Your email address will not be published. Required fields are marked *