These Financial Tips Never Get Old

These Financial Tips Never Get Old

These Financial Tips Never Get Old 

Personal finance existed from the time money came into existence in the world. There are quite a few old financial tips that we have all been saying and hearing over the years, if not centuries. After a while, we stop hearing them. But wisdom is timeless and smart financial advice is worth hearing in any century.

Here are some financial tips that are still as true as when they were first uttered:

  1. Never spend money before you have it. Spending money you don’t have is one of the first steps to being in debt. When it comes to credit purchases be careful.
  2. Save for a rainy day. Never take the value of saving for granted, remember, when it rains it pours.
  3. Lend your money and lose your friends. Borrow money from the bank, the bank doesn’t care if you say nasty things behind its back. To avoid losing some relationships stick with the bank.
  4. If you buy what you don’t need, you steal from yourself. This is a great saying that you don’t hear more often because it is true. Spending money on today’s wants means you might not be able to afford tomorrow’s needs.
  5. Creditors have better memories than debtors. From time to time keep records and don’t lose track of your debts (if any).

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