10 mistakes associated with money, drowning!

Trending 1. Not making budget is a big mistake not to make a plan for each month’s income and expenses. Expenses without budget are out of control. Then you don’t understand where the money went. If there is no budget, there are no savings. 2.. Only after spending do people first spend saving and then trying to save the remaining amount. But there must always be savings. Otherwise, a thing called ‘savings’ is never made. 3.. It seems easy to buy meaningless things with the irresponsible use of credit cards. EMI and interest become a burden. A large part of the salary goes into installments. 4. If you do not make emergency funds, without emergency fund, sudden expenses can shake life. Money is needed for illness, work or sudden expenses. Funds of at least 3-6 months must be made. 5. Just note expenses, many people allow money to stay in a savings account. He does not cultivate money by not investing. Ignoring FD, mutual funds or SIP, can be overwhelming. 6. If you do not take insurance, the entire savings account may be empty if you get sick. Health and life insurance are very important. Don’t spend them, consider them security. 7. If you ignore small expenses, collect small expenses large shapes. Save expenses on things every day without need. Small expenses also give a big blow. 8. Dependence on only one source of income is not enough work in today’s times. If the work disappears, join the income and expenses. Also note the side income. The more, the greater the security. 9. Comparing to friends is common to pretend by looking at the lives of others. Big cars, expensive clothes just appear. But its price pays your savings. Avoid running to social status. 10. It is just as important as making money to ignore financial literacy as deserving. Read more about investment, tax, loan and savings. Otherwise, hard -earned money goes wrong decisions. Click here Life & Style Click for more stories Click here