- Personal Finance»
- Frugal Living
Making money - Not running out of it
We need money to survive and everyone in life has to make money. As you know, money can go as quickly as it comes. I do however find it difficult to understand how people could win Millions of Pounds in the Lottery and then be bankrupt in 3 years. I can’t get my head round it - but anyway, here is some advice to help keep the money circulating.
Avoid Lending – This could sound harsh, but in the economic times we live in if you lend to people, even though they are nice, respectful, close friends, colleagues - sometimes they are not always able to pay back. They genuinely want to pay and feel bad about it, but are still bogged down financially and may not be able to pay you at the time promised or sometimes never at all.
Avoid Temptation – Example, banks giving you cards without you having applied for them. Years ago, this happened to me. SKY Mastercard - I had Sky Satellite and they said they were giving all their customers a Credit card – it just arrived in the post £1000 limit. My bank did the same. On both occasions, I looked up with a big smile and said “God is a good God!” but after all the interest and difficulty in making payments, if a card arrives in a similar situation now, I would have to say “Get behind me Satan!”
Giving – Might sound contradicting but giving to those who need. Not so much giving to Countries. Something as simple as giving a friend £10 towards their shopping because they are going through a rough month. It doesn’t always have to be money, it could be of your time to help someone, a gift, a lift in a car, buying someone a coffee. It doesn’t matter how small.
One thing I know for sure in life, is that those who have a generous heart, tend not to run out of money or Help (that could save them a lot of expenses) I’m not saying give with your whole mind centred on receiving back. Give with the intention to give happiness to the receiver and because you are happy to do so. I’m just encouraging you that you will not lose out. It's a lovely feeling to give.
As long as you’re giving, you’ll be receiving and as you receive more, your ability to give more will increase. It’s a natural law in life. (Ps. If you are a Christian – Tithe). Tithing – by, Deborrah K Ogans.
In life, there are Spiritual Laws of Success - one of them is the Law of Giving.
Not Gamblng. it’s not a wise idea to Gamble and if you do, don’t gamble with what you can’t afford to lose.
Saving - The thing about saving is that, one could save one month and spend it the next month. So it might be a good idea to transfer an amount each month to a separate account and not focus on it at all. Interest could also be earned on it, if it is not withdrawn for a certain period.
I would love to know if you have any point to share with me too, from your life experience.