The world runs on money. From a young age we are being told that money is important. Many people are blessed with a great education, however it doesn’t always countain education on how to manage their money. To prevent problems in the future it is highly advisable to teach everyone how to spend money wisely.
Always keep in mind your long term goals. It is never too late to start saving, keep some money stacked away for future use. Keep some money safe without pursuing the highest interest rates, cause they cause the highest risk factors. When you start saving at an early age, ask your parents to look over some alternative ways of investing.
Money is not the only answer, but it makes a difference. – Barack Obama
At a young age saving money doesn’t sound attractive. When you are young using money for immediate pleasure is enjoyable and shouldn’t be avoided completely. Life is here to be enjoyed. But using your money wisely now, saves you a lot of headache later when you are looking for a place to live. Think about saving a part and thank yourself later.
Once you have finished your secondary school you start to achieve more independency. This is the moment where looking at your income and your expenditure are important. Consider your cost of live each month and what income you have. Put aside money so you can search for a place to live when you are ready for it.
Friday’s article will tackle using money for your health.