What are the proactive measures that you undertake for your financial stability journey?

[Stardom22]

So there are so many ways that people practice to keep them to guarantee them financial stability. Tracking one's spending habits, prioritization, wise spending among other measures help. What do you think?

 

[eLdavis]

I mostly tend to focus on my needs over my wants, and i also ensure that i have a saving plan to help me manage.

 

[kit_hung]

I completely agree sir. The methods you mentioned are the pillars of establishing a solid financial foundation. The truth is that money is like water, if you control its flow, you can draw sweet water, if you stop it from flowing freely, you will make the well dry.

Tracking your spending is like knowing every plant you water in the garden. You can clearly see if a plant is dying from drought or losing water due to leaks. You can use a simple app on your phone or an old notebook to track everything.

But priority is the backbone of your budget. Paying for electricity and food is a must before buying luxury items. The saying goes that if you don't have it, you don't have it. So prioritize important payments.

Finally, don't forget to save at all. Even small daily purchases can accumulate over time. Remember, a good beginning brings a good end. He who starts digging a well should not get tired because he doesn't see water. Take small steps to monitor and prioritize and you will see your financial life getting better and better every day.

 

[Suba]

There are several proactive steps you can take, especially to maintain your financial stability, including planning which includes a budget, financial goals, conducting regular evaluations of real expenses, and being able to differentiate between wants and needs.

 

[Springtime]

Work hard to earn, don't spend more than you earn. Have a habit of saving. Invest to grow your wealth.