10 Money Facts Your Parents Forgot To Teach You


5. Pay Off All Your Debts Before Spending On Anything Else

It’s not good to start something new before completing your old task. This also holds true in case of debt, you should always first clear off all you liabilities and then spend your money on anything else. When you have the debt load of credit card bills, student loans and any personal loans, and then don’t forget to repay them before you use your money for other purposes. As delay in repayment of debts will attracts higher interest rate and hefty penalties, which will burn your pockets. 

6. Never Pay Full Price When You Don't Have To

If you are the one who likes go for camping, snowboarding or other adventurous sports activists, you can crack the best deals during the off season. Buying stuffs like these can prove to be very expensive, so to enjoy the best price you can buy them in before or after the season starts, as the companies will offer huge discounts. Next time you plan activities, keep this in mind- it will help you to save money and allow you to enjoy what you love to do.

Also Read: 7 Ways Your Brain Doesn't Let You Make Money