Without proper budgeting, planning, and self-control over spending and saving money, what potentially detrimental impacts could a lack of personal financial discipline have on an individual’s financial stability, debt levels, savings, investments, and ability to achieve long-term financial goals?
Without proper budgeting, planning, and self-control over spending and saving money, what potentially detrimental impacts could a lack of personal financial discipline have on an individual’s financial stability, debt levels, savings, investments, and ability to achieve long-term financial goals?
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I'll talk to you from experience, lack of discipline when it comes to financial issues with get you into a lot of mess. During my freshman year(100L) in the university I suffered alot because I lacked discipline concerning financial issues. I spend my allowance recklessly, so I'll always be broke anRead more
I’ll talk to you from experience, lack of discipline when it comes to financial issues with get you into a lot of mess. During my freshman year(100L) in the university I suffered alot because I lacked discipline concerning financial issues.
I spend my allowance recklessly, so I’ll always be broke and in need of money before I receive my next allowance.
This attitude got me into serious debt. I eventually learned the hard way, but it took me a little while to recover from my debts.
The strategy I adopt to break free from the bad attitude was that I cut off every form of unnecessary spendings.
And I used the Opay application to lock 50 percent of my allowance for two weeks. And honestly, this has really help me to plan my finances. I even came to a point where I even had enough money to borrow out.
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