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Its payday, of course the day when the fruits of your labor hit yourbank account.
But are you doing all you might to help those fruits ripen to their full potential?
If anyone knows how to make the most of your money, its John Rosenfeld, president ofJenius Bank.
He sat down with GOBankingRates to discuss the biggest mistakes people make on payday so you might avoid them.
However, skipping savings can leave you vulnerable in an emergency or unprepared to plan for the future.
No muss, no fuss, no having to remember it.
They Spend More Than They Earn
Its no secret that the cost of living has surged.
No matter how much you earn, its important to steer clear of lifestyle creep, he noted.
Taking small steps to rein in spending, even on essentials, can make a difference.
Consider shopping at discount grocers like Aldi or Lidl, or exploring your local farmers market.
you might find a wide range of creators sharing resourceful tips for saving money.
While not a literal demise, fees can steadily erode your hard-earned cash over time.
Rosenfeld recommends seeking out savings accounts that dont charge unnecessary fees.
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