Posterity Zambia International promotes fiscal discipline in order to attain financial security,here are 5 basic skills that may make you financially secure; 1.BUDGET. Always be guided by a budget.when you create a budget,you will begin to see a clear picture of how much money you have,what u spend it on and how much remains. 2.INVESTMENT Be investment minded and understand the difference between assets and liabilities,but be cautious also to choose investment that promises a high return with little or no risk 3.PRACTICE DEBT MANAGEMENT. After creating a sound budget,try to cut on unnecessary expenses and finally clear your debts.mismanaging your debts through overspending will make u fail to clear your debts.Note that the best way to handle debts is to stay out of it in the first place. 4.SAVING Saving a minimum of 10% of your total income in a month.to achieve this u need to have an account purely for savings(choose a bank that has good facilities and promises a good interest rate) and an account for liquid cash for emergencies. 5.Avoid scams such as gambling and learn to share your money(Give faithfully to church and the poor). Your partner in development Noah A.Mwewa Posterity Zambia International Chief Executive Officer.
Posted on: Thu, 30 Oct 2014 08:12:48 +0000
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