Updated: Sep 3
By Loveleen Rai
One of the things that was very hard for me to adjust to was taking control of my OWN FINANCES. I had my parents to guide me and to be honest take over my finances almost to the point they regulated how my paycheque was spent and saved. I was still fairly young in my finanical career at the time but i did have a baseline to follow to help me create my own path when it came to money matters. Here are just 5 of the most important rules that i followed religously and to this day still do. I am also using these 5 steps to teach my two young children learn these lessons so that when they spread thier wings they will be grounded and have a strong foundatiion to grow on.
Be clear in your mind about why you need to change and what you want more control of your finances.
Leave your credit cards at home.
Put money into your savings after pay day-don’t wait until the end of the month or there won't be anything left.
Aim for a no-spend day once a week.
When making an online purchase, put something in the basket and come back to it 24 hours later-you may well change your mind.
What does being in control of your finances mean? It’s a combination of understanding where you stand financially, spending less than you earn and having confidence in your ability to make financial decisions (with or without the help of a trusted financial professional). If you want to reduce stress and anxiety over your finances, following these five steps can help over the
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