By Temitope Olubiire
Financial success is everyone’s desire, and we always strive to achieve stability financially, so that we won’t keep saying “God! When?”. These tips will help you make the right financial decisions.
- KNOW YOUR WORTH AND LET YOUR EARNINGS MEET YOUR WORTH
You don’t have to settle for less when you know how best you need to be treated. If a job offer doesn’t pay you, don’t settle! A better offer awaits you.
- HAVE A BUDGET PLAN ON WHAT TO SPEND ON AND WHAT NOT TO SPEND ON
Spending based on your budget, makes you focus on what to buy, and what to overlook. Your expenses shouldn’t be more than what was planned. You should also consider miscellaneous, and include that in your budget.
- MINIMIZE BUYING THINGS ON CREDIT
If you have the money with you, don’t hesitate to pay as you buy. There are 4 things around this
- Important but not urgent,
- Urgent but not important,
- Important and urgent,
- Unimportant and not urgent.
4. SAVE FOR FUTURE PURPOSES
Don’t spend all that gets into your pocket. As old as the use of piggy bank is, it’s still very useful when it comes to saving, but it’s only truthful and committed one, that can follow its principle which is: Do not open until it’s full/until an urgent need arises.
- INVESTMENT IS KEY IN ALL YOU DO
Invest in the right company. Do not mistake saving with investing. Investing gives you more opportunity to grow your money, while you focus on other areas of life. All you need to do is to entrust your money, in the hands of a safe Investment company, and they give a particular percentage as your ROI (Returns On Investment) monthly or annually.
You’ll be on your way to financial stability if you follow these principles. What do you think about them? Do you have your own financial principles too or you’ll follow these ones?
By Temitope Olubiire
Image Credit: Pinterest
