Understand Money To Avoid These 5 Money Mistakes
Learn to be money savvy
Let me break a misconception.
Money savvy doesn’t mean you need to be an expert in finance. It means one should be able to make basic financial decisions with confidence.
Here are 5 reasons to be money savvy.
- You make less Money Mistakes
No one teaches you how to handle money in school. That is a huge problem. As an adult,
Either you learn from your financial mistakes or live paycheck to paycheck trying to figure out where all the money goes.
It is quite disheartening to see many struggling with huge amounts of debt. Hence, it is paramount to understand how money works. It is no rocket science, trust me.
2. Helps in financial decision making
We have to make choices on umpteen things on a daily basis. This holds true in money matters as well. Let us see…
- Should I get a brand new car or a used car?
- Should I prioritize paying off the education loan or get a fancy bike?
- Should I drive my car to office or use the subway?
The choices you make will decide your financial future.
3. Helps in achieving your life goals
Be it buying a home for yourself, getting a car, going on a vacation, paying off the debt or build a…
