As the year draws to the end, it is important to avoid certain financial mistakes in 2025 to prevent you from staying stuck, in debt, and not progressing with your finances.
I use this budget template which you can use to track my finances monthly. Get link to the budget template here:
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These money mistakes i am sharing have impacted my daily life and made me debt free.
Budgeting, planning, and understanding where you are in life is important for several reasons:
- Improved Financial Control
- Achieve Financial Goals**: Whether saving for a house, vacation, or retirement, a monthly budget helps allocate resources towards your goals and track your progress.
- Prevent Debt Accumulation**: By knowing your expenses, you can avoid living beyond your means and prevent taking on unnecessary debt.
- Identify and Cut Unnecessary Spending: Regular tracking allows you to pinpoint areas where you may be wasting money and make adjustments, increasing savings.
- Reduce Financial Stress
- Prepared for emergencies
- Building Healthy Financial Habits.
Overall, monthly financial tracking helps you stay accountable, make strategic financial choices, and build a stable financial future.
#moneymindset
#financialfreedom
#moneymistakes
To join my membership and get more insights, lessons learnt, and to support, click on the link below:
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I hope no one I know falls on this video as I want it to be my safe, secure space.
Like, comment and share with anyone who it might encourage.
Instagram:
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Contact me on
luludiaries83@gmail.com
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#StartingANewLifeAt40, #Quitting9-5 #Workpolitics #worklifebalance #storytime #fired #quittingmyjob #lulusdiaries #lifeofanimmigrant #immigrantsuccess
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