The 4 'no' that must be said in time to stop losing money

The 4 'no' that must be said in time to stop losing money

It is really important to know when to say 'no' in time and stop losing money. Find out all the details in this article. Keep reading and discover more information. 

It is really important to know when to say 'no' in time and stop losing money. Find out all the details in this article. Keep reading and discover more information. 

Normally when you begin to manage personal finances, you look for everything that needs to be done to keep them in order and achieve savings. But it's also important to consider when to say no and to stand your ground. Many times the "no" is more flexible than the "yes" and that can bring mismanagement and permanent crises.

Many times the "no" is more flexible than the "yes"

The expenses, especially for those who live day to day, without the ability to save or who have excessive indebtedness. When you are about to make an out-of-budget outlay, it is important to think first if it is necessary or if that money could be destined with a higher priority. In that case, it is better not to go ahead, explains Mexican specialist Alberto Tovar.

A credit card makes shopping much easier. But it is a double-edged sword. You have to know that when you make a minimum payment, the interests are very high. If it is heavily loaded and it is known that it will not be possible to cancel the summary in its entirety, it is better to choose not to use it until the accounts are in order.

When you have the easy yes, you have to make an effort to transform it into a: "No, I'm going to think about it." Going out with friends can quickly end up wasting money. That does not mean cutting corners with social life, but you have to be careful when choosing.

When you have the easy yes, you have to make an effort to transform it into a: "No, I'm going to think about it."

Did an investment possibility appear with large profits in a short time? The automatic answer is no. Better to take the time to analyze the proposal and if it is worth the risk. In case you decide to do it anyway, you have to be clear about how much money and for how long. This recipe will shield you from future headaches.

It is logical to want to use money, but you must always keep in mind that money is a fungible good. What is used in a good or service cannot be used later. That is why the first answer to keep in mind is no. Better to think about it a bit and analyze if it really is convenient to make that expense.

Related Articles

More News

More News