It's unfortunate that personal finance hasn't yet turned out to be a compulsory subject in schools or colleges. So a lot of people out there are fairly naive about managing their money.
But this does not mean you will no longer learn about personal finance. Quite frankly, it does not take a lot to go back and choose the right path. Read this article to learn how to strategize on your own.
On the bright side, you won't need to be good in math to grasp the thought.
Use self control
Maybe your parents taught you this during your childhood. If you've not mastered it yet, then it's not too late. Almost everybody found success in life through delaying gratification. If it is doable for you, then it'll be easy to have a finance that is nourishing.
While you can buy anything any time you want on credit, it's a better idea to wait till that much has been saved. Will you love paying interest on a new pair of shoes, jeans or a bottle of milk? Avoid putting each and every purchase on your credit card.
Be in full control of your Financial Future.
Unless you learn to smartly manage your money, others will figure out ways to easily (mis)manage it. Unfortunately, some of them are ill-intentioned like the so called financial planners.
At the same time, others might be pretty well-meaning, but might be totally ignorant about what the consequences of their actions are (e.g. Grandma wants that you buy a new house despite the fact that you can at best afford one of those double-crossing adjustable-rate mortgages). So, never be fully rely on other people's advice. You should rather take charge of your finances and research on some basics on management of personal finance.
Know where all your money goes
When you have read about personal finance, you would know the importance of keeping your expenses lower than your income The best way to do this is by budgeting. If you realize how things are adding up every month, then you'll know how to control it.
It is the same with recurring expenses. If you avoid wasting money on the luxury apartment now, chances are high that you'll be capable of affording a great condo or a new home even before you know it.
But this does not mean you will no longer learn about personal finance. Quite frankly, it does not take a lot to go back and choose the right path. Read this article to learn how to strategize on your own.
On the bright side, you won't need to be good in math to grasp the thought.
Use self control
Maybe your parents taught you this during your childhood. If you've not mastered it yet, then it's not too late. Almost everybody found success in life through delaying gratification. If it is doable for you, then it'll be easy to have a finance that is nourishing.
While you can buy anything any time you want on credit, it's a better idea to wait till that much has been saved. Will you love paying interest on a new pair of shoes, jeans or a bottle of milk? Avoid putting each and every purchase on your credit card.
Be in full control of your Financial Future.
Unless you learn to smartly manage your money, others will figure out ways to easily (mis)manage it. Unfortunately, some of them are ill-intentioned like the so called financial planners.
At the same time, others might be pretty well-meaning, but might be totally ignorant about what the consequences of their actions are (e.g. Grandma wants that you buy a new house despite the fact that you can at best afford one of those double-crossing adjustable-rate mortgages). So, never be fully rely on other people's advice. You should rather take charge of your finances and research on some basics on management of personal finance.
Know where all your money goes
When you have read about personal finance, you would know the importance of keeping your expenses lower than your income The best way to do this is by budgeting. If you realize how things are adding up every month, then you'll know how to control it.
It is the same with recurring expenses. If you avoid wasting money on the luxury apartment now, chances are high that you'll be capable of affording a great condo or a new home even before you know it.
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