3 Ways you can avoid wrecking your personal finance

[Augusta]

Personal finance is one aspect of life that needs to be handled with care to avoid poverty. Becoming poor can happen in a twinkle of an eye because it's always easier to destroy than to rebuild as such you need to be very careful and know the things to do to avoid wrecking your personal finance

You can do the following to help avoid you putting your finance in jeopardy.

1.Avoid the incessant use of your credit card. Using your credit card all the time simply means putting your self under debt because you would need to pay them off at the due time. So you would risking your finance for some purchases you would have avoided

2.Research on how to increase your personal finance. When you read books or write up most times on how you can boost your finance then you would he equipped with ways that you can't wreck your finances. You would be doing the right things that will kill financial failure

3.Have a budget and work with it. You can't cause havoc on your finances when you are working with a budget that you had calculated to be workable for you. To avoid wrecking your finance then have a budget.

 

[Ayuba Ernest]

1. Don't buy things you can't afford. This may seem like common sense, but it's easy to get caught up in the moment and make an impulse purchase. If you're having a hard time sticking to a budget, try making a list of things you need and want, and only buy the things on the list.



2. Don't take on more debt than you can handle. When you're dealing with debt, it's important to be mindful of how much you can afford to pay each month. If you're struggling to make ends meet, consider speaking to a credit counsellor to help get your finances back on track.



3. Use a budget. A budget can help you keep track of your spending and make sure you're not overspending each month. There are a number of different budgeting methods to choose from, so find one that works best for you.



4. Make a plan. If you want to save money, it's important to have a plan in place. Decide how much money you want to save each month and come up with a strategy for reaching your goal.



5. Compare prices before you buy. It's always a good idea to compare prices before making a purchase. This can help you find the best deal and avoid overspending.



6. Cut back on unnecessary expenses. There are likely many things you spend money on each month that are unnecessary. Try cutting back on these expenses and see how much money you can save in the process.

 

[Augusta]

You are right on all four because the way to avoid wrecking your personal finance are enormous but you should try to see the root cause of your problem to keep self from financial failure.Some people always try to wreck themselves financially by trying to live like the Jones but forget that all fingers are not equal.

You don't know the source of your next door neighbor income but you want to behave like that through your lifestyle. A lot of people do this and they find themselves in the biggest hot soup as they will be thrown into unnecessary debt and this will bring wretchedness if one can't handle the situation.

Another is the issue of not making reasonable investment just spending the little one has. This is the fastest way of getting poor and ones finance depleting. Personal finance growth needs constant source of income whether through trading, rendering of service or just investing. When once you stop your source of getting money, you would have harm your finance and what this will bring is poverty.