financing134

Do not follow the herd, do not make a financial move simply because all your colleagues are doing, do not buy the most expensive phone just because all your friends use it, put to work and find your own discretion.
Do your homework, prepare a budget and stick to it, however complicated than it sounds, a budget is not molecular biochemistry, are simply addition and subtraction, this exercise in detail what you earn and what you spend can help you detect these leaks escapes where your money without you noticing.
Master your impulses, dribble a dollar in the market and then spend fifty on something unnecessary just because it is in liquidation is not intelligent, nor is taking money from the ATM every time.
Master your impulses ... but do not be stingy, be moderate and disciplined is not the same as having a mentality of scarcity, do not be afraid to use your money, the fear is not good adviser on financial issues.
Force yourself to save, as if it were an intended debt plus a portion of your income to savings, develop the habit, if you pay off a debt does not go out immediately to find another, instead allocated the same amount you paid for your savings account.
Look after your health, the costs for high and often unforeseen medical insurance according to your means, watch your food, do sport.
Prepare for the unexpected. Allocates a percentage of your income to reach at least equivalent to what we spend in three months (ideally six) in an easy-access account, if you want to call it emergency fund, remember that nobody is exempt from losing a job or be victim of a robbery.
Learn to differentiate between saving, spending and investment, many people believe they are investing when in fact they are spending (the classic example is the person who buys a vehicle that does not need and use more gasoline, with the false idea that you can recover their money just to sell ... if after the sale may deduct the money spent to buy the gasoline used, the cost of transfer documents, maintaining that it had to do, discounting the value lost by the simple vehicle time and still keep a few dollars then was an investment, otherwise it was a simple spending ... another typical example is what we know as pasanaku Bolivia, in which participants have the false sense of savings when they are actually losing money the bank would pay for putting your money).
Diversify your income, savings, expenditure and investment, look for ways to create new sources of income, you do not have all your money in one bank, in a single investment vehicle, with one supplier.