The 10 commandments for financial success: Follow these rules and grow richer

Filed under: Finance, Personal Finance, Education

Wouldn't it be nice if your paycheck came with an instruction manual? "After rent and student loan payments, you can spend up to $250 on fun this month!" Alas, managing cash is never so simple, and your meager salary — coupled with a brain that's hardwired to chase short-term rewards — makes saving and growing your money a lot easier said than done.

1. Know thy... budget

2. Get the right skills for the right price

3. ABS: Always Be Saving (10-20%)

4. Keep your cool in good times and bad

5. Buy a home because you want one, not as an "investment"

Young aspiring homeowners tend to overlook many of the expenses associated with owning a home that don't plague renters — which leads many of them to overspend on their first real estate purchase.

6. Stay goal-oriented with every account

7. Buy some damn insurance

8. If you see a penny, pick it up

9. Nurture that credit score

10. Pay it forward

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