Whether you are trying to make ends meet living life from paycheck to paycheck or living life like you're attached to a time bomb of debts, you're definitely making wrong financial decisions which need to change A.S.A.P.
Below are some tips on how to reverse your fortunes when it comes to money making you happy in life instead of getting stressed always with your financial problems.
1.) Get rid of credit cards.
2.) Calculate monthly expenses and get rid of unnecessary expenses. Make sure there is an excess.
3.) Get rid of liabilities or avoid them. If you're a couple and just got married and you don't have any savings, you might want to postpone making a baby. Having a baby in this case will be an added financial responsibility. It's better if you can put yourselves in financial stability before adding another financial responsibility.
4.) Invest on insurance. A lot of filipinos doesn't know how important an insurance is in building ones financial portfolio. Many of us have heard stories of properties, cars getting sold because our family member got hospitalized.
5.) Educate yourself financially. This is very important. We would often say "if I only knew that my life would have been better" but we never ask ourselves if we really tried our best to search for ways to better our financial situation in life. Enough of those "bahala na si batman" attitude.
6.) Stop procrastinating and take action.
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