3 Tips On Spending Your Hard-Earned Money Wisely

Financial literacy is an understanding of the many facets involved with personal finance such as spending, saving, and investing.

Educating yourself about financial management is one of the most effective steps to get wealthy. But still your money will always be your sole responsibility. You need to learn how to manage your finances accordingly.
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Saving is not an option, but a priority. It is important that you start today rather than tomorrow. ​ Here are the 3 tips on spending your hard-earned money.

Practice Delayed Gratification
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Delayed gratification or "save now enjoy later" is a mindset that we should practice especially during holiday season. It teaches us to tone down our impulsive tendencies in buying luxury things.

Save A Portion Of It
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Putting a portion of your hard-earned money to your savings can help you prepare for unexpected circumstances and emergencies in the future.

Invest Your Money Where It Will Grow
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​One of the best and wisest ways to spend your hard-earned money is through investing. It involves long-term planning and it is a good way to practice self-discipline.

2 Things You Can Do So To Ensure That You Master Your Money
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If you are diligent to apply just these two things first, you will be on your journey to take charge of your finances.

#1 First Acknowledge That God Owns Your Money

Hey, not just your money; your time, your family, all your material possessions, education, and even your future income, God owns. He owns everything! So if you haven't transferred ownership yet of your money to God the sooner you do it, the better your management of all your resources will be.​

#2 Remember You Are The Commander, Tell Your Money Where To Go

So first know where your money is going. You do not allow it to wonder just anywhere. Ecclesiastes 5:10 says, "He who loves money will not be satisfied with money, nor he who loves wealth with his income; this also is vanity."