11 Personal Finance Tips and Tricks

Drozd Irina/Shutterstock

Most people know to develop a budget, save, and avoid running up debt. These are the fundamentals of good personal finance. Every finance guru preaches these three concepts.

But even knowing these basic principles can be confusing when incorporating them into your life. Here are 11 personal finance tips that are easy to put into practice.

Track Net Worth

Your net worth is your assets minus your liabilities. Your assets encompass everything you own. This could be equity in your residence, stocks, commercial real estate, etc. Your liabilities are everything you owe, like credit card debt, car payments, mortgages, etc.