9 basic pieces of money-saving advice no one follows – but should

first_img 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Stop ignoring this financial advice, and you will save more. by: Morgan QuinnGood advice can be hard to take – especially when it comes to money. Often, the thing that’s best for us is the thing we really don’t want to do. Saving more and spending less is boring; why do that when you can have fun now?Well, you know what else sounds boring? Working for the next 50 years.There are some very basic pieces of money advice that experts give, but no one seems to follow. So, let’s make a deal: How about we start listening to what these experts are saying? The sooner we start, the sooner we’ll reach our financial goals.Here are nine pieces of financial advice you need to stop ignoring.1. Run your financial life like a business.You should treat your budget like a business because, in the business of life, the bottom line matters. Many of the same principles business owners use can be applied to your personal life: prioritize, assess and restrain. Everything that keeps a business running will keep your personal finances in order: prioritize your spending, assess your profits and losses, and don’t lose sight of the big picture, like saving for retirement or getting out of debt. continue reading »last_img

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