By Shane Woodman, vice chair, Generation Next
Onspot of North America Inc. - Onspot Automatic Tire Chains
Congratulations - you work in one of the greatest industries out there … it’s stable and has lots of potential for growth. Most people’s ambitions increase as they understand the possibilities the work truck industry can bring. And your continued professional growth will likely bring an increased income. Higher incomes generally translate to bigger purchases, better vacations, and more. Let’s look at three tips to make sure you don’t fall into the trap of “the more you make, the more you spend.”
1.
Start an emergency fund
2.
Track your debt-to-income ratio
3.
Know your operating expenses
These are three simple things you can start doing immediately – and they don’t require much thought.
