3 Hacks From Reddit To Save Your FinancesBy Toby T
One of the worst parts of being an adult is learning to manage your finances. If you’re looking for advice, Reddit might not be your first option, but there are some nuggets of wisdom found there. No worries, we’ve taken the time to get three pieces of financial advice from Reddit to help you navigate your finances better.
This is very important. Many begin to spend their paycheck before they receive it. Flash626 gives valid advice when they say you should save first before engaging in any other activity. Financial experts like Robert Kiyosaki support this stance and advise you to pay yourself first before offsetting your needs and wants.
Have you ever been in that position where you get paid, and in a couple of days, you are trying to find out how all your money disappeared? You should have a budget. It helps you track your spending and in the process of creating a budget, you are better able to think through your buying decisions. You’ll also find that you don’t waste money on overpriced goods. Even if your income dramatically increases, having these habits will save you even more money in the long run.
3. Don’t Change
The first line of this advice is quite important. You should not upgrade your lifestyle with your paycheck; rather, you should live beneath your means and grow your wealth. The truly wealthy do not go around spending once there is an increase in their paycheck.