1.Open a savings account in a good bank.Good savings should last you 8 months of your normal expenses. Invest money that you don't need within 10 years period in stock market or in other real estate properties.Consult a financial consultant or stock broker for a good deal or advice on money management and investments.
3.Be a prudent spender by spending money wisely and don’t be enticed by seductive advertising or other influences.But you can buy stuff at discount price during promotions.
2.Pay the credit card with the huge debt or highest interest rate first.
3.Be a prudent spender by spending money wisely and don’t be enticed by seductive advertising or other influences.But you can buy stuff at discount price during promotions.
4.Consider other options on what you spend on. For example drink water instead of expensive beverages, dry your clothes in the sun instead of using clothes dryers, have your cell phone on a good call tariff or set a limited amount per call. Limit use of air conditioners and heaters, buy fuel efficient motor vehicle and dont eat out.
5. Lookout for other options for something you want to spend money on. If it is clothes you can get new ones or secondhand, Childs diapers come in two types; disposables and cloth diapers, you need to weigh the price option. Grow your own vegetable garden if you have a space. Use a bicycle sometimes. Don’t be a carefree spender it can cause heartaches when it becomes a habit.
6. Make a budget that gives allocations to all your needs. if for example you allocate some amount of money to buy meat in a month,and it gets over, then you can do without meat for the rest of the month. If you made allocation for fuel expenses to your vehicle and it run out of fuel money, you will need to use an alternative of public transport means, bikes or share a car with friends.
6. Make a budget that gives allocations to all your needs. if for example you allocate some amount of money to buy meat in a month,and it gets over, then you can do without meat for the rest of the month. If you made allocation for fuel expenses to your vehicle and it run out of fuel money, you will need to use an alternative of public transport means, bikes or share a car with friends.
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