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Also Cuban believes Trumps tariffs will most affect low-income earners, find out why.
The first thing you better do is live like a student.
When you get that first job, its really cool.
If youre already on a tight budget, staying frugal is even more crucial.
Keeping expenses low and avoiding lifestyle inflation will allow you to save money or pay down debt more quickly.
Credit cards are the worstinvestment, unless you pay them off every 30 days.
Even then, dont do it, Cuban explained to Entrepreneur.
Sticking to cash or debit helps you maintain control of your finances.
Even if its made in the USA, they will jack up the price and blame it on tariffs.
Pay in Cash and Negotiate
Paying with cash gives you negotiating leverage and can help limit overspending.
In Vanity Fair, Cuban highlights how effective this strategy can be: Negotiate using cash.
Theyre going to take it.
Whether for a haircut, class or secondhand furniture, offering cash can often secure you a better deal.
You arent saving for retirement.
You are saving for the moment you need cash, Cuban said to Moneywise.
It helps you avoid turning to high-interest credit cards or payday loans when life throws you a curveball.
Overall, you dont need to be rich to make smart money moves.
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