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THREE MAJOR RULES OF PERSONAL FINANCE



We’re all concerned about our physical health. We constantly get medical check-ups, and ensure that we have good hygiene and sanitation.

However, most of us forget the fact that our financial health is just as important as our physical health.

Just like in physical health, certain set of habits can also affect your financial health. So, here are the three major rules of Personal finance that you must never compromise on!

1.       Spend less than what you earn

This should be the rule number one. You must never, and we mean N-E-V-E-R compromise on this rule. Take charge of where your money goes and how much you spend. Do not get stuck in the pit created by poor financial planning – because it’s not easy to climb out of the pit of credit and growing debt.

Living beyond your means is going to ruin your peace of mind. Finding ways to spend less your income will lead to a more rewarding and satisfying lifestyle.

2.       Keep Track. Be Aware

Know how much you earn. Know how much you owe. Be aware of where your money comes from and where it goes. Keeping track of your finances and being aware of your net worth is quintessential. Yes, it will take a lot of time and discipline, but it will also make sure that you will become better with your money.

3.       Be Insured

Always be insured!! Insurance keeps your wealth safe and protects from disasters. Thanks to technology, you can even compare and buy insurances online. You get to protect yourself and your asset by having an insurance.  The more assets you have, the more insurance you will need! 


Posted by

Balakarthiga



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