Posted on Friday 07 October 2016
Learning how not to go broke is an odd idea, isn't it? Well, it's also a smart one. Too many people today keep repeating the same financial mistakes.
Many Canadians claim to have no time to budget, and no time or money to purchase software programs to help them manage their money better. While there have been improvements in recent times, there is still a significant number of people with this problem. As a result, some are one paycheck away from financial distress. This is why it's important to know what not to do if you don't want to stay on your financial A-game.
You can certainly buy nice things and not go broke, what's important is that you don't live above your means. Living above your means may make you temporarily happy. However, this will only lead to financial anxiety.
The following tips serve as a guide to improving your financial happiness. You can save and still live a fulfilling, satisfying life.
Use money-saving hacks- You should note that while saving money is important, saving up on resources is even more important. Little expenses can pile up to affect your financial future. A good way to do this is to use DIY hacks, reuse containers, and save leftovers. For instance, here’s a way to save your remaining Halloween candy for future use.