You lay the foundation for your future today. This means there might be certain things you do that might jeopardize your future and put you in big trouble.
Below are 5 things you do that jeopardize your future
1. NOT REVIEWING YOUR EXPENSES
You jeopardize your future when you don’t review your expenses. You should ensure you review your expenses at least once monthly. When you review your expenses periodically, you become more accountable and it also becomes easy for you to notice some bad spending habits.
2. SPENDING MONEY YOU DON’T HAVE
You put yourself in a rat race when you spend money you don’t have. Avoid using loans to buy things you don’t really need as your only get yourself in severe trouble. I advice people to stay away from loans except you are taking the loan for business purposes.
3. GAMBLING
Buying lottery tickets and placing bets are another easy way people jeopardize their future. Gambling might be fruitful now but it’s not a solid financial plan in the long run. Gambling always has a way of finally taking the little money you have and leaving you in huge debts.
4. LIVING ABOVE YOUR MEANS
Spending more than you earn is the fastest way of jeopardizing your future. Avoid living a fake live by being happy with what you have. Living below your means helps you secure your future.
5. NOT SAVING
You are joking with your future if you don’t have savings. It’s necessary you keep money aside each month for savings . Don’t spend money just because you have it. Saving for the rainy day is important as it helps you during emergencies.
Jake