Top Five signs you are 100% bad with Money

Financial problem can Affect your mental health, Trigger your Anxiety and cause extreme panic which is liable to lead to Extreme depression.

A lot of people go through all these things been mentioned above not because they do not have or have not had good Access to money but because they do not know how to manage their finance properly.

40% of people who are bad with money don’t even know they are. They end up blaming luck or God for their subconscious mismanagement Assuming they are under a curse.

Top Five signs you are 100% bad with Money

1. You have no Emergency saving fund: not having any money saved up for an Emergency is an indication that you’re not where you are suppose to be.

2. Living Above your means: spending more than you can Actually Afford. Spending Above your General income and this will lead us to the next sign which is debt.

3. You live in multiple debts: living Above your means will definitely lead to multiple debt entanglement. You see debt collection as an opportunity to get Quick money rather than what it is “A future burden” this is a big indication you’re not good with money.

4. You can’t pay your bills: family and friends have to intercede for you to be able to pay your own bills or you turn to loan lenders. This is a sign you have to step up your game.

5. No long term goals: you are always more interested and invested in the momentary benefits than the future outcome.

What are the skills For proper money management?

1. Create a budget : it starts with a inventory in your Income. Where are you putting it into ? Why are you spending it? Do not spend recklessly.

2. Pay off your debts: this is the first step to your financial freedom.

3. Start to invest in the future immediately.

4. Revisit your goals often

5. Save: Make sure to have an Emergency saving fund Account.

Conclusion

Not everyone is aware of responsible financial management. They might not be at fault. It’s possible that they were never given the opportunity to learn sound financial practices as children since they weren’t shown the ropes. They exhibit specific actions that reveal their poor financial management. Fortunately, there is a solution to every issue.