Rules to handling your personal finances

A hungry man is an angry man, same applies to a wealthy man is a happy man; Your financial situation reflects your total well-being and how best you perform depends largely on how well you take care of yourself. The same way you take care of your body is the same way you are expected to take care of your finances and this should be a priority of your thoughts.

We all have our ways of life and directions in handling things. We grew up with habits defined by our cultural lines but when it comes to finances, there are standards that we all live by. Just like you have regular checkups and dates with the doctors you should also have time to reflect on your financial health. There is structure in financial management and there are a lot of things to do to ensure we stay financial literate. We have laid out 4 basic personal finance rules that can guide you on starting out:

Getting multiple streams of income

Back in the day it was strange to have multiple streams of income. People were ok with just one job and all that came from it. Your salary was just enough to sustain you all month but the truth is there is no security in one stream of income. The economy is tight and it makes it almost difficult to sustain on one income. You should therefore set up a side business that would support your regular income. This can help you fund your lifestyle and hey! if you need a loan for it, Credit Direct Quick cash Loans have you all covered.

Your Salary and Your savings are totally different

Your salary is what you get paid when you meet the set expectations of your employer but your savings is what pays you. You work today so you can get paid, so also you save today so your future is secure. No matter how you procrastinate, your lack of savings today would dent your happiness in future; It would always certainly catch up with you. Imagine how you would have to explain to your children in future how you failed to save. The key to financial security is setting aside a certain portion of your salary now and planning for the future


“Birds of a feather flock together”… If you hang around loose spenders, you would end up with holes in your pockets. Cut your coat according to your cloth. It means live within your means. No matter how you try to fake it, you are not it. If you know you cannot afford a particular lifestyle then you must not continue faking it cos you would end up in debt and attendant issues. Don’t live for others, never stress to impress anyone and always stay in touch with reality.

Impulse buying

A lot of us are guilty of this. We buy what we want and not what we need. Some people have 4 sets of the same shoe type in different colours. Most of us rush to buying expensive “Aso ebi” for weddings when we really don’t need them. We live to impress people daily and end up running down our finances. To manage your finances, you need to reduce spontaneous buying to its barest minimum.

If you judiciously adhere to this step by step process, you would certainly build a good savings habit and progressively grow your finances. Well, with Credit Direct Limited, you are guaranteed PEACE OF MIND. We grant Quick Loans without collaterals in few hours and you can get Fast loans online to enable you start off on your new stream of income. Pay bills and live a good life with our low interest loans.

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