Don't do these with your savings

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When we start saving, sometimes we sacrifice things we want to get a certain amount of money, be it for long-term savings or short-term savings. But in the same way to reach them we maintain a habit of saving and maintaining a patience that little by little we will have the money saved that we want.

But even though you pass the time when we have saved our money for a specific objective, we always make mistakes that we must avoid.

Spend it on what was not planned

When we have time saving money for a specific purpose such as a house, as so much time and sacrifices have passed and we have our money saved is enough to meet our goals, sometimes other alternatives that we could spend that savings pass through our minds. We have: Like buying a car, going on vacation (I sacrificed so much that not even a vacation trip I deserve a vacation), but the big mistake we make is to fulfill an immediate gratification, to a well-being that will ensure our future.

Save it without commissions

Previously many people kept their savings under the mattress because they said it was safer than a bank, today we cannot save in this way since the local currency is devalued every day. In turn, we can lose it due to a robbery.

Apart from the fact that there are so many options where to put your money to work to earn interest apart from the savings that you are making for the percentage that you placed, in turn you will be earning interest and you will be faster to see your savings grow. So do not save your savings in that it devalues ​​you.

Invest it in something unknown

This a serious mistake that many people make when you have their savings to see it grow, they look for a way to invest their money, but when they see people who earn a lot of money in stocks, or trader but only see the profits obtained but are unaware of the risks, it can happen to win a good investment lose.

Never invest in something that you do not have knowledge of. Never invest more than you can lose, not in a single share.

Lend your savings

Sometimes we have friends who want to invest in a business but regret not having the money to do so, they tell you how big a business could be but it only needs capital, let us be led by that great friend until we reach the limit of lending our money because we trust , or because we could even multiply it.

Do not lend the savings, because you could lose your money and even a good friend. You can only loan what you can lose or give away.

These are some tips that you cannot do with your savings.

Posted Using LeoFinance Beta



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