Mistake 1: Never lend someone money you are not willing to loose. When you lend someone money, always assume you may never get it back. If you feel that after lending the money out you may not be able to survive with what is left with you, then simply don’t lend the person.
This is so true because we usually lend money to our family or friends and they will never pay it back. LOL
I agree, some people if they know that you can afford because you have money they borrow money from you but never pay back. This mistakes happen because you know the person already and you believe them but before lending money to someone let assure to pay you back.
Most of us know this feeling, I lost couple friends cause of lending money, the best advice about the money is this one, don`t give it to anyone if you are not ready to lose them. I think other advises are also good, but this one is so true. Life fact is that we can`t learn this from other peoples mistakes, we need to feel that on our skin to learn it.
Mistake 4: For proper saving, do not attempt to save what is left after spending, but rather spend what is left after saving. Like you already know, human wants are insatiable, as long as you have the money, you will always have something to buy. Also, never you keep any money you are not going to spend on short term handy or within easy reach. It is best to keep it safe away.
This one is interesting too, you just need to give it couple minutes of thinking. Its like with trading don`t buy when price is rising, buy when its dropping and sell when its rising. Here is the same strategy, don`t spend and save, first save and later spend. Its simple once when you understand it. We need to practice this advises everyday and every month, and after some time it will become a normal thing for us, good strategies about how to handle with money in many situations.