What MONEY advice would you give a friend (from you're PERSONAL experiences)?

First thing is to budget. It can be a pain at first, but the sense of control you have over your own money gets addictive.





Second thing is to get out of debt. You have to work that monthly sacrifice into your budget. Personal debts and credit card debts are the most important. Credit cards can be very useful, but cc debt is *evil*. Remember, if you can't afford it now then you probably can't afford it later.





Once you have your debt under control, start saving. (House or car are reasonable debts but credit cards are not.) You are already used to setting aside some extra cash to pay off your debt. Now you can start saving it. Save for a variety of things - emergencies, toys, entertainment, gifts, vacation. It's a great feeling to be able to choose.





This is the short version and is only a rough outline of what has worked for me. I have definetly made some serious financial mistakes in my time and can honestly say that my advice is based on experience.What MONEY advice would you give a friend (from you're PERSONAL experiences)?
Cut back on unnessary purchases. If you can't pay cash for it then you don't need it.


Put money aside, no matter how little you can each paycheck, it will add up if you vow not to touch it.What MONEY advice would you give a friend (from you're PERSONAL experiences)?
Spend it you cant take it with you
work hard, spend on good things, always keep aside some for rainy days...





if you earn $1000, keep $100 in your bank as savings, never widraw the private saving, i advice to safe it for a minimum of 6 year, lets calculate...





$100 per/month= $1200 per/year x 6years


=$7200 + Interest


=$+-$8000 after 6 years(if you think abt it, its not bad, only with $100 per/month you'll get $8000 or even more when you keep on saving for 6 years)





We work hard to spend and when spend we have to have a budget, if there is no budget, there will be no records of spending, always spend lesser than you make, my mistake when i was in Uni, i used to spend more than i get, tht created problems which led me to wrong line like gambling, etc....B smart, b wise.
Its not how much you make... Its how much YOU KEEP !! Stop spending it all and soon it will be making more money on its own.





Fools and money are soon parted !





The wealthy buy things that make them more money.





We all get to make choices everyday regarding our own money... SOME just happen to be making the wrong choices.
earn some %26amp; spend like you dont have any ;O)
Don't spend it all in one place.