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  1. Asked: September 17, 2023In:

    What are the consequences of a lack of discipline in your finance

    Augusta
    Augusta Enlightened Mentor

    A lack of financial discipline is real for some people and it is often evidenced by regular, unplanned spending. It's no surprise that undisciplined spending and impromptu purchases often result in unsustainable debt. The consequences of not managing your finances is lack of financial  wellbeing potRead more

    A lack of financial discipline is real for some people and it is often evidenced by regular, unplanned spending. It’s no surprise that undisciplined spending and impromptu purchases often result in unsustainable debt.

    The consequences of not managing your finances is lack of financial  wellbeing potentially leading to a debt spiral, There will be difficulty in achieving your financial goals, overspending, financial stress and financial instability.

    To stop the cycle, you have to stop taking on new debt. Lack of discipline can lead to failure, loss, health and even  relationships problems, Putting off financial tasks can impact more than your money.

     

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  2. Asked: May 4, 2024In:

    Strategies for Breaking Free: How Can I Escape Debt?"

    Mika
    Mika Expert Mind

    There are two ways to get out of debt, one, you never get into debt, you never get a loan and try to manage everything form your own in come, including making purchases, paying bills, or even investment. And two, if you already have debt, your first priority is to pay it immediately, even if it meanRead more

    There are two ways to get out of debt, one, you never get into debt, you never get a loan and try to manage everything form your own in come, including making purchases, paying bills, or even investment. And two, if you already have debt, your first priority is to pay it immediately, even if it means to cut your food bills to switching cheaper food.

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