25 Money Management Tips for Young People

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18. Stay Healthy

It doesn’t matter how much money you spend on health insurance each month, one of the proven rules of thumb is that the more one has to go to the doctor or emergency room, the greater the out of pocket cost you will pay. Whether you have been involved in a car accident that you can’t control, or you have the flu, the cost will be even greater if you do not carry health insurance. Similarly, keeping yourself healthy through a proper diet, drinking to moderation, not smoking, and by exercising will help you avoid taking additional trips to the doctor as well as help save you money when it comes to the monthly expenses.

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