Sunday 13 January 2013

More signs of adverse personal financial situation.

Hello
Hope all is well

Today am writing about more signs of adverse personal financial situation.
Much as I would like to write about the solutions. It's important to know the symptoms


  • If you pay minimum amounts for your bills 
Paying minimum for your bill is better than not paying at all, but its an indicator that your personal finances should be checked. You are running low on cash yet payment of your bills should be priority.
  • If you issue post dated cheques with hope that there will be money on that date
The question is what if there is no money on account on that date then your credibility will suffer.
It's important that your creditors trust that you can pay what you owe them. Putting yourself in their shoes you would like the people who owe you to pay.
  • If you cannot seem to develop a workable budget
A budget should be part of your personal finance management without one you are going to over spend.
A budget is a plan for all your money which should be done for all your finances 

Next time we well be looking at  more solutions after which how to make workable budget

God bless

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