Thursday, November 25, 2021

We are more likely to spend our money on random things when we are stressed or bored.

We use impulse purchases as a means to cope with stress, thinking that buying something can instantly make us feel a little bit better.

Impulse purchases may provide instant gratification, but harm your financial health. Saving and spending your money on things that really matter is a lot more satisfying.

Keep a monthly tally of where you spend your money and save for important goals.

You can make a lot more money on your savings when you give them time to grow.