Can advice on money management change your life?
Yes, of course! – any advice can.
It’s the combination of the right advice, the right time and your ability to hear and use that advice.
I had personally gone through over 30 years of money struggles when a good friend in a casual conversation gave me advice that I believe has changed my life. It has set me on a path to fully changing my financial life and, as a result, my personal life.
Simple Advice on Money Management
We are going with ONE piece of advice here.
And it’s this:
When you get money DO NOT use it to throw as much as you can onto debts.
Be strategic and pay only what is ABSOLUTELY necessary, holding back the rest for as long as you.
Keep paying ONLY the most necessary bills, and working towards building up money and income to handle all the bills properly
The Problem with Paying Off Debts
When you are in debt you often feel a lot of guilt and shame around it. Then when you get some income you want to pay off that debt as quickly as possible.
But you can actually do it TOO FAST and keep yourself in the debt cycle, rather than fix it.
I did this myself over and over and over again.
I’d have money to pay my credit cards and I’d pay as much as I could. Not looking at or thinking about upcoming bills, assuming more money was coming. But it didn’t come in at the same rate so then I’d be stuck for money and have to go back to the credit cards again.
This tiny shift in habit can change everything.
Start practicing this advice on money management and you will start to realize that you don’t have to panic pay your debts.
You can hold off as you need to and continue to do that every time you gain a spurt of income.
This little piece of advice is small but mighty.
I hope it helps you!
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