Practice self-control and normalize paying using cash instead of credit


Bad debt

Bad debt on the other hand is purchasing something that will lose value in the future for example cars and auto loans.

It is common to forget about monthly subscriptions to mobile apps and streaming services that continue charging your bank account even when you don’t use these services often.


Particular types of loans and debt can be useful when making big purchases such as a car or even a house that you need immediately.


Be sure to take charge of your monthly subscription services. Everyone needs to ask themselves this question. Life takes unexpected turns and having savings can save you from financial trouble.


When you make a cash purchase, you keep off from generating interest, creating a debt that will take months and often years to repay. On the other hand, your savings can sit in the bank account and accumulate interest that you can put towards your purchase.


The first step when it comes to achieving better finances is changing your habits. Some of these habit changes will be harder than others. However, if you remain committed to your financial status transformation, you will end up with excellent money management skills that will last you a lifetime. When it comes to financial advice, there are a few key things to keep in mind. First, it’s important to start saving early. The sooner you start saving money, the more time it will have to grow. Second, it’s important to diversify your investments.


This means putting your money into different types of accounts, such as savings, stocks, and bonds. This way, if one investment decreases in value, you will still have others that are doing well. Finally, it’s important to be disciplined when it comes to spending. Creating a budget and sticking to it can help you make smart financial decisions and reach your long-term goals. By following these tips, you can set yourself up for a bright financial future.


This is the process of engaging in business of advising other on how to plan, execute, select, purchase or sell financial products to meet investments or risk management.


Financial risks are the possibilities of losing money on an investment or business venture. It is also inability to fulfill financial obligations due to instabilities or losses in a financial market.


To counteract or manage these risks, financial advice is put in practice by constructing personalized financial plans with an aim to achieve financial goals.

Making resolutions to improve financial situations is a good thing for an individual, corporation or a country. Here are best measures to get ahead financially.

Sticking to a budget is one of the measure whereby it is always good to have a plan to always account for money.


It ensures that an individual or a country is not extravagant in spending. Resolve to set a minimum percentage of the salary earned for savings. Insurance protects you from losses you can’t afford to replace. 

However, cash remains the safest and cheapest buying option for other more significant purchases.