Lessons in your life

@maximax8 (31053)
United Kingdom
November 14, 2020 7:25am CST
I have learned to be careful with my money as I had a mortgage which was challenging to pay off. These days I have an emergency account to use when my bank account gets low. Things can come in threes like heating, shower and a car. Then all of them cost a lot of money. I have learned to improve my home when I have the right amount of funds. I would like to get a new driveway. My friend said I could make my driveway wider so it is easier with my son's wheelchair. How about you?
5 people like this
3 responses
Notlilie
@prinzcy (32322)
• Malaysia
14 Nov 20
Yup, it's important to have emergency fund. I try to save every month and try my best not to dig in the cookie jar. Sometimes things happened and I have to use some of it. At least I have some savings. What would happened if I don't?
2 people like this
maximax8
@maximax8 (31053)
• United Kingdom
14 Nov 20
Hello Notlilie. I didn't have an emergency fund in my early adult years. I have three small saving accounts on my main current account. When I can afford it I add 10 pounds to each of them. Then if my bank account gets low I can avoid going overdrawn. I have my emergency savings at a different bank. I have had lots of things break at home. Therefore I think I have improved so much I do have money to use in an emergency. Well done for saving every single month. I do as well.
1 person likes this
rhuenz
@rhuenz (10646)
•
14 Nov 20
That's good to hear you learned to be careful with your money and make it useful. For me,i regret that i didn't learned earlier how to spend money wisely.Now that i am not working i am planning of many things to use money.I hope it will not be late.
1 person likes this
maximax8
@maximax8 (31053)
• United Kingdom
14 Nov 20
Hello Rhuenz. It is never too late to learn about money. So please don't worry. One idea I have is write how much you are spending in a paper notebook. I know I overspend on groceries. I will set up an amount I can go to.
1 person likes this
rhuenz
@rhuenz (10646)
•
14 Nov 20
@maximax8 that's good idea to write the expenses.one tip i listen is save first before spending. Not spend first before saving
Key
@hidvcmbr (249)
• Malta
25 Dec 20
Yes, we have to know how to manage our financial effectively. What i've learned, it is important to have many income sources, not only being thrifty. well, i have kinda debt i have to pay off next year, so im trying my best to make money as soon as possible to pay my debt off. Fighting!! :D