RUEDI: Financial lessons to learn early in life

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How many times have we heard that the sooner you start saving, the better it will be for your future? People who are unable to save early often wish that they had. They share their experiences that doing so would have helped them avoid mounting credit card debt, as well as help them be wiser with regard to expenses. I want to share with you a few imperative money lessons. These would be largely helpful for those young adults who will now be on their own.Keep a check and control over credit card expensesIt is easy to believe that a credit or debit card is some sort of magical way to pay for everything with a quick insertion of a chip into a machine. However, before piling up things with this wonder card, you must actually decide whether you need what you are buying before you commit to the transaction. The sooner you come back to reality and realize that nothing comes for free, the easier it will be to hold onto more of your disposable income.Never make a comparisonCommonly known as “keeping up with the Jones’.” Comparing your lifestyle and spending habits to your …

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