Carluccio's restaurants are inspired by the cooking of Antonio Carluccio, with ...
Financial responsibility isn't something that's taught in schools. As a result, many people become adults without having sure footing when it comes to being responsible for their personal finances. And that's when people find themselves floundering in debt, living from paycheck to paycheck, wondering why they never have enough money for anything.
But that doesn't have to be vou. Once vou decide to take charge of your money, you'll be surprised at how simple basic financial responsibility can be.
Though this can be tedious and time-consuming, budgeting is the first step to understanding your finances and keeping them under control. This is a difficult one for most people. Consumerism pushes us to spend more and more to keep up with some imaginary standard.
We throw out items that can be fixed, replace things with new items constantly, and are always looking to upgrade. Look at what you can afford and then stay within that budget. People who are impressed with what you have and how much money you can spend aren't the people who are going to have to live with the consequences.
This is another difficult one for a lot of people. With wages not always being up to scratch for a decent living standard and with debts mounting, finding the money to start saving with can be difficult. But it's important for your retirement, even if that seems far away. Having a savings account or deposit account is a good way to save money, you can find many banks in Dubai using our directory. At the very least, having a 6-month emergency fund for any life circumstances such as a long-term illness, job loss or another catastrophe will at least allow you to rest easy at night, knowing that you have some money tucked away to see you through the difficult times.
The money you'll spend on interest, late fees and the like is money you don't need to lose. Set reminders, direct debits or automatic payments if you need to, but don't pay your bills late out of simple laziness. If you need to juggle your bills to get them paid, think about calling the companies to rearrange payment dates so that you don't need to pay them late every month.
This is almost wholly impossible throughout a lifetime but you can avoid needless debt. Don't have a credit card if you can't control yourself with one. Credit card debt is a difficult thing to get out from under. The high-interest rates mean that whatever you've bought on the card can end up costing you a lot more than you think.