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By: Ouma Thuso Ngwagwe
Have you noticed that at the beginning of the year the majority of your colleagues or people you hang with in your social circle are suddenly eating healthily and staying away from junk food? That is because it's a new year, new beginning and many people are motivated to shape up and do better than they did the previous year.
However, have you stopped and wondered what kind of efforts people are making to shape up their finances? Maybe this is the year where you start making your financial status a priority.
Here are few tips on how to get your money into shape:
Have the desire to be debt free! This comes with reducing your current debts, cutting down on things that you do not need and learning to say 'no'. Reducing your current debt will help you have a surplus that you can put toward your saving.
You need to have a goal to save towards. It can be anything from paying off your child's tuition or saving towards your dream home or car. Have a goal that will motivate you to save for something that you will be happy with at the end of the day.
Appreciate your savings growing
Nothing compares to the satisfaction of seeing your money growing and not necessarily having a need to use it. There is so much pleasure, peace and fulfilment in knowing that you have money saved up somewhere where you can access it whenever you need to. After all, the mantra is always to have at least three months' worth of living expenses tucked away safely if ever a financial rainy day comes.
Financial Consumer Education