Wise people save for the future, but foolish people spend whatever they get. You must learn to save and invest for your future. You need to save regardless of the amount of income you receive because that will show discipline and wisdom with your money. A fundamental financial principle is this: When you spend your money, it’s gone! But, when you save your money, your money works for you.
When you get ready to buy something, ask yourself, “Do I really need this?” And then be honest with yourself. You will not only get out of debt, but you will also invest in the future by saving.
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Photo | 5 Questions to Make a Decision | by Satya Murthy | Used under a Creative Commons Attribution license