If you are doing well financially, you likely got some sound financial advice along the way that you took to heart and you re now enjoying the benefits. You probably observed a role model over time like your grandparent or you heard the right at the right time from an adviser or sometimes from a total stranger. If you are not doing well, well maybe it is finally time to take some financial advice that can help you and that could make the difference. If you financially stable, you may also want to stick around and read on, it could well offer you more sound advice.

One of the best financial advice you should always take to heart is that no matter how much or how little you make, always save a little bit. Yes, whatever comes your way in life, you should be setting aside some of it. One way to start out on your saving is to save hard for the first 10 years of your adult life. In other words if you can keep living as a broke college student as long as you can take it, the better it will work out for you. This will of course mean having to make a lot of right choices that includes making well-researched purchases, learning do-it-yourself crafts such as car repair, sewing, cooking, home maintenance and the like. Interestingly, this financial advice can not only help you save money, but it can also help you make money by using the skills one has learnt. When you think about it, doing with less is really not a struggle when you are young because you are not used to the luxuries yet. One who took this financial advice to heart when young has seen it pay off.

Another great financial advice that I have found most beneficial is that before you buy anything, think of the true cost of the item. Since buying involves a number of costs, the price tag is just one of them and the start as well. For example, how much time and energy will I use in cleaning the item, keeping it out of reach of kids and possibly packing and hauling when I move? All these are costs that need to be calculated and that can help you make a wise decision. Indeed, good and timely advice in our tough times.

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