It’s never too late to start making financial resolutions this year. You can change how things turn out for your finances regardless of how much you earn.
Yes, mistakes you’ve made in the past or economic downturns might try to discourage you, but you can always make a difference.
1. Identify your past money mistakes
Track your expenses. Don’t worry about what this might look like, it’s okay if you’ve made terrible mistakes such as not saving, spending unnecessarily or not investing, as the case may be.
The goal is not to tear you down and make you feel guilty, the aim of this is to ensure that you learn from them and make significant changes towards making things better.
2. Embrace budgeting
The importance of budgeting cannot be overemphasised. It’ll make it easier to build a structure around your finances. That way, you’ll easily trace where all your money is going and how much comes in at the same time.
How do you begin budgeting? The concept is not a hard one….
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