- Don’t make any big investments, like buying a car or house, before you can afford it or have planned to take a loan for it
- Try not to spend unnecessarily on a regular basis, because that small spending each week or each month can add up to a significant amount in a year
- Not making a budget and sticking to it can really make your funds slip away, without you realizing it before it’s too late
- Avoid living paycheck-to-paycheck, and instead save for a rainy day, because you can never predict when you might need the savings
- Financial decisions should not be made only by an individual, and instead should be made with the person’s confidante, like a partner or spouse
- Brushing off insurance as unwanted can actually be a disadvantage if an accident occurs, even if you think you are being smart and saving at the time
- Don’t think of finances only as the salary you receive, but also consider investing and alternate sources of revenue
- Being cautious and saving does not mean that you have to be thrifty and a miser; the most efficient way is to learn where to hold in the spending and where to let loose
- Loans can be a large chunk of your financial responsibilities once you undertake them, so don’t rule out loan payments when calculating your expenses
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