Many feel that saving money is equivalent to depriving oneself of the nice things in the world. But they fail to realize that it is one of the sure ways to secure a future that will be free from financial stresses. We need to realize that the system is arranged against us. We live in a world that encourages us to spend wastefully, accumulate more than we need, and put off things like retirement savings until we are retired. It’s easy to look around us and see all the things we could be buying to become the person we want to be and treat financial responsibility as something not meant for everybody.
Being smart with money isn’t just about what you put in the bank, it’s about everything from the clothes you buy, to the food habits you have adopted, and so on. Surrounding yourself with people who make you better is key. Learning basic skills like how to install a shelf or picking a jacket that will last more than one winter can alter your life. The way we live today dictates everything about the kind of life we will have tomorrow. There is a popular saying that a dollar not wasted is as good as an earned one.
Here are a few basic tips to get good with money in a year-
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In the summary of The Financial Diet book, there are 8 key lessons. These lessons include: