8 life-changing money lessons

By: Sukhbeer Brar Date: 27 June, 2022

Make a budget and stick to it

[{"selector":"#anim-badecc0e-c699-484a-a37f-6c4c70583379 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.765624920558004%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7d5a0659-7159-4644-9330-203ce895787e","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Having a budget will help you track your spending, save money, and make better financial decisions.

Invest in yourself

[{"selector":"#anim-149b9e38-a981-4c64-8bb2-ec4ff8ecf3ba [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a793d984-21ca-46f8-b513-144d7be80d72","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] One of the best ways to improve your finances is to invest in yourself. This can include taking courses, learning new skills, and networking.

Live below your means

[{"selector":"#anim-05af429f-f5eb-4a41-a841-1a89dc377b6a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(14.066108625818455%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a31e305c-acb9-4b82-84b8-e29a20932256","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] One of the best ways to save money is to live below your means. This means spending less than you earn and investing the difference.

Save for retirement

[{"selector":"#anim-003d2358-d460-42fa-9bb0-1092e2bbb21b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.252154068224097%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-772ff057-c22e-48c7-a989-9f1a3e4b81d1","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Retirement may seem like a long way off, but it’s important to start saving for it now. The sooner you start, the more time your money has to grow.

Invest in good quality items

[{"selector":"#anim-17882b61-6462-441f-aefa-f6caa1aa7bbd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(35.23396807383734%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3d03cc02-113a-4b81-92cd-eb4f8c904e1e","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] It’s better to invest in a few good quality items that will last long-term than to buy cheap items that need to be replaced often.

Don’t carry credit card debt

[{"selector":"#anim-90270dc6-32f0-47f4-aef0-963592aebe26 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.891948897032357%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2f12a42d-85a8-47ea-bfa3-f38ab82af2ab","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Credit card debt can be expensive and it can take a long time to pay off. It’s best to avoid it if possible.

Make a plan

[{"selector":"#anim-7ae2f8fd-2b74-4f31-83fa-3e6ab06a152a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.499999772451451%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4ba15f56-f186-4995-bf72-309958c4dafd","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Having a plan is important when it comes to money. This includes setting goals, making a budget, and sticking to it.

Seek professional help

[{"selector":"#anim-abb84198-4e14-4afc-b406-610bcae8b583 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(54.28466806909067%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-12631b43-d2ee-491a-b926-0a2ce1669e40","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] If you’re struggling with your finances, don’t be afraid to seek professional help. A financial advisor can help you make a plan and get your finances on track.