Stop Shopping and Start Saving

Almost every one of us went through elementary school, high school and even the privileged ones get to college too. We learn a variety of subjects from grammar, history to music. And while our teachers tried to inculcate in us the necessary things we need to survive in the real world, most of they time, they fall short on  teaching us the basics of money management.

Most fresh grads usually start by looking for a good paying job and get a flat somewhere cheap but safe. They get their first pay check, spend some on the bills, buy something nice like a new 42" LED TV or a shiny new Iphone 5 and if there's still money left, put it in the bank for savings -- but for most, there's nothing left for this part. This cycle continues paycheck after paycheck and if you don't get a hold yourself, 10 - 20 years from now, you've got nothing on your bank account, no major assets to speak of, and on top of that all kinds of illnesses surface and then your are plunged into a roller coaster ride of hospitalizations, expensive medical bills and debt.

Would you like to see yourself buried six feet under a pile of debt with interest rates as high as 10% per month? Probably not. So instead of going to the malls after getting your paycheck, go straight home and calculate all the necessary expenses for the month like electricity, water, and food. Balance it all and make sure that you put even a small amount into savings. A little goes a long way if you add some more every month, every year and the next thing you know you've got money enough to retire early.