It's the weekend! TGIF and all of that fun stuff.
To close off the week, we want to remind you of your new year's resolution not to waste money.
Now far be it from me to stop you from having some well-deserved fun, but I want you to watch out for these common money wasters and try not to do them. Okay? Okay.
Unused Gym Membership (yes, I know everything).
At the start of the year, you promised yourself that you would try to get healthier. You even bought a gym membership to show your seriousness but you haven't had the time. That's okay. How about you start with home workouts?
That way you can get used to working out regularly and get used to a routine before paying for an expensive gym membership. This way, all that money won't be wasted on procrastination.
Expensive Cable or Digital TV bills
Why are you spending 15k on your DSTV monthly when you never watch TV? That money could be put to better use. You pay for Netflix, but you don't like watching movies and you don't have time for them. So why do you have an active subscription? Please this is 2021 and money must not waste. If you must use the money for entertainment, spend it on something that you will actually enjoy, like gizdodo or goat meat pepper soup.
Unnecessary Bank/Credit Card Fees
You have six bank accounts and you got ATM cards for all of them. Tell me your reason. I want to know why you think it's okay to pay six card maintenance fees monthly. Instead of wasting that money, why not have 2 ATM cards instead?
One main one and the other for backup because the one thing that banks and Tuface's Amaka have in common is disappointment. That way you maintain only 2, instead of 6.
4. Lottery Tickets/Sports Betting
Instead of wasting your money for a once on a lifetime chance, you can use the money for an actual investment.
Yes, sports betting is fun and exciting and you get to make a cool profit, but it is also very risky and the chances of you losing your money is too high.
One rule of investment is to make sure your capital is relatively safe. So if you are constantly losing money, maybe you should try something else. For instance, Agro-based investment platforms like Farmsby offer high returns for your investment and keep your capital safe. You get to grow your money without losing it. I get that it's not as exciting as betting, but profit over hypertension.
Here at Farmsby, we want you to be financially independent and one of the ways to achieve that is to minimize wasting money.
The above tips will help you cut off waste and use the money for better things. I'm rooting for you!