The Best πŸ™ŒπŸΌ Money Tips πŸ’Έ That Will Carry You through Life 🌎 ...

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You’ll read plenty of advice about money (unless you have a laissez-faire attitude and don’t much care).3

Essentially, though you can distill all this advice into some key points that will hold you in good stead throughout your life, whether you have a little money or a lot.

1. Understand Your Spending Habits

Understand Your Spending Habits

Unless you know what household and personal expenses you've actually got to cover, you won't know how much spare cash you have to spend, save or invest.

Sounds obvious, but most of us have no idea how much we spend each week on food, heating, going out, clothing etc.

You don't have to pull your belt tighter and feel deprived.

It's just a question of seeing where your money goes and how small economies here and there will leave you with spare cash you could invest rather than squander.

Set up a realistic budget and when you have disposable income, build in savings and the occasional treat or splurge.

2. Create an Emergency Fund

Create an Emergency Fund

It's hard to think ahead and save for a rainy day, if you're living from hand to mouth, from pay check to pay check.

But what do you do when the worst happens, your car breaks down, a burst water pipe floods your home or you have to pay for hospital treatment?

You can't plan ahead for everything, but you can create a savings account that will help you stay afloat in a crisis.

Aim to squirrel away at least six months' worth of after-tax pay.

That sounds like a lot, but taken in little steps it's achievable.

Save a small amount from your pay check each month into a special savings account.

Have a garage sale or de-clutter your house and advertise old clothes, toys, CDs or other household stuff on eBay or similar online outlets and stash that money away in your rainy day fund.

Don't Run up Credit Card Debt
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